November 20176The wealth management industry is in the midst of a significant change. Emergence of a new generation of tech-savvy investors is shaping new expectations and preferences on how investment products are to be delivered. On the other hand, increasing regulatory burdens, newer business models, and competitive patterns are further compounding the level of disruption in the wealth management industry.The demands for seamless communication and portfolio management are driving traditional wealth management firms toward digitization. More so, the fruition of innovative fin-tech startups brought disruptive technologies to the wealth management market and added to the competition. Analyzing the present market drift, industry veterans are showing greater propensity in collaborating with the emerging fin-tech companies and speeding up their digital transformation journey. Besides digital communication platforms, technologies such as robotic process automation, advanced cyber-security, and artificial intelligence are also bringing major disruptions to the traditional business models.One major breakthrough in the landscape is the emergence of "robo-advisors." These automated wealth advisors ingest client survey data into complex algorithms to produce customized financial plans and asset allocations. They are also helping investors find relevant research within an ever-growing universe of studies, interviews, and market commentaries. Robo-advisors are currently gaining immense traction in the marketplace, and they have significant potential to disrupt the market for more benefits in the future.Coupled with these elements, the implementation of new regulations are also aggravating client expectations in terms of accountability and fee transparency. As a result, there is growing inclination of legacy wealth management companies toward redesigning their fee structure and operations to align with clients' interests and add value to their relationships. That said, to help financial advisors and asset managers better serve their customers, Banking CIO Outlook has put together this special edition on wealth management solutions.Let us know your thoughts.Copyright © 2017 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.NOVEMBER - 15 - 2017Mailing AddressValleyMedia, Inc.44790 S. Grimmer Blvd Suite 202, Fremont, CA 94538T:510.402.1463, F:510-894-8405 NOVEMBER - 15 - 2017, Volume 03 - 07 Published by ValleyMedia, Inc. To subscribe to Banking CIO OutlookVisit www.bankingciooutlook.com Editorial StaffSalesT:510.402.1464WEALTH MANAGEMENT SPECIALAllen Jacksonallen@bankingciooutlook.comVisualizerRenukesh GangurIssac GeorgeManaging EditorJames RobertsonThe Onset of Automated Wealth ManagementJames RobertsonManaging Editor editor@bankingciooutlook.comCarolynn WaltersJustin SmithPooja RayEditorialJoseph MichaelKenneth ThomasRussell Thomas*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staff
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