In the wake of the financial uncertainties brought on by COVID-19, the need for robust wealth management is increasingly felt by organizations, high net worth individuals (HNIs), and the general populace looking to safeguard their financial assets. In response, the size of the worldwide wealth management software market--estimated at USD 3.76 billion in 2021--is anticipated to expand at a CAGR of 13.9-percent from 2022 to 2030, surpassing USD 9 billion by decade-end.The market's expansion can be linked to the wealth management industry's increased use of the latest financial technologies to augment its financial planning services. The ensuing adoption of novel strategies like agile distribution models and technologies such as big data, AI, and predictive analytics to automate and enhance the supply of financial services are further anticipated to support this market expansion.This edition of Banking CIO Outlook brings to light the key developments in the wealth management space and how financial management firms are leveraging the latest tech solutions to offer top-notch wealth management services. It features thought leadership articles from Dan Bailey, SVP, Operational Risk Management at Gateway First Bank and Amy Jansen, Vice President, Wealth Product Management at Johnson Financial Group. They speak about how rapid digital transformation is influencing every area of risk management in financial planning and how a collaborative approach to wealth management that puts CRM at the centre of a unified wealth ecosystem can successfully help streamline the investment planning process.Along with that, the edition features Ramsey Quantitative Systems (RQSI), a quantitative investment management company that offers both liquid and illiquid alternative investment strategies for a variety of institutional portfolios. By including distinct behavioral and economic aspects in its trading models, RQSI's methodical, rules-based investment methodology successfully captures alpha to greatly enhance financial planning.In this edition featuring top wealth management tech solution providers and service companies, we hope you find the appropriate company suited to your financial management requirements. Let us know your thoughts!Copyright © 2022 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.Email:sales@bankingciooutlook.comeditor@bankingciooutlook.commarketing@bankingciooutlook.com JULY - 2022, Volume 07 - 02 (ISSN 2644-2418) Published by ValleyMedia, Inc. To subscribe to Banking CIO OutlookVisit www.bankingciooutlook.com Editorial StaffSalesAnnie Mathewsannie.mathews@bankingciooutlook.comVisualizerMichael WayneIssac GeorgeManaging EditorJames RobertsonNavigating Investment Planning of Today and TomorrowJames RobertsonManaging Editor editor@bankingciooutlook.comCarolynn WaltersJustin SmithJoseph MichaelEditorialKenneth ThomasRussell ThomasPaul Barber*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staff
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