DIGITAL WEALTH MANAGEMENT

IMPACT AWARDS

DIGITAL WEALTH MANAGEMENT

Nominations are now closed for Aite-Novarica Group's Third Annual Digital Wealth Management Impact Awards. The winners will be announced shortly and will be honored during Aite-Novarica Group's Digital Wealth Management Impact Awards ceremony this November.

The winners of Aite-Novarica’s Impact Awards for Wealth Management are leading the industry by identifying and implementing new products, capabilities, and/or levels of automation and effectiveness that are bringing our industry one step closer to next generation financial services. They are the financial institutions, regardless of size, that others will follow.

What is an Impact Award?

Customer needs and expectations continue to evolve and financial institutions must strive to stay one step ahead. Their capabilities and breadth of product portfolio must go beyond what has traditionally been offered to address new market challenges and capture new opportunities. Aite-Novarica Group’s Impact Awards are designed to recognize and celebrate innovation achieved by financial institutions leveraging technology to surpass the status quo. Award recipients are leading the industry by identifying and implementing new products, capabilities, and/or levels of automation and effectiveness that are bringing our industry one step closer to next generation financial services. They are the financial institutions, regardless of size, that others will follow.

Categories for Consideration:

  1. Digital Investment Management Offering: Investment management offering delivered on a largely self-service basis to retail investors, with or without a human advice component being part of the value proposition.
  2. Financial Wellness: Digital tools that deliver financial coaching and connectivity to financial services to help individuals feel better about their finances today and more prepared to meet future needs and goals.
  3. Digital Asset Offering: Digital capabilities that promote access, sales, and distribution of alternative investments to private clients. Alternatives include any or all of the following: private equity, hedge funds, digital currencies, tokenized assets, cryptocurrencies.
  4. Digital Client Engagement: Platform that allows advisors to deliver a differentiated value proposition and enhanced client service through digital channels, enables deeper understanding of clients’ needs, and acts as an interface for better relationship building.
    1. Advisor Focused
    2. Client Focused
    3. Risk Management
  5. Digital Reporting:
    1. Sustainable Investing Impact  Reporting: Digital capabilities that allow private clients to see and feel the environmental and social impact of their investment portfolios.
    2. HNW Client Reporting: Digital reporting capabilities that provide high-net-worth clients with a comprehensive picture of the state of their finances and how they have changed, including their non-financial assets and liabilities.
  6. Sales Enablement/Prospecting: Capabilities for digital engagement, marketing automation, and/or curated content distribution on a regulatory compliant platform to assist wealth management firms and advisors with enhancing the efficiency, effectiveness, and monitoring of their new client development and prospecting efforts.
  7. Digital Initiative of the Year: Digital transformation project completed within the last 18 months.
  8. Digital Startup of the Year: Digital startup launched within the last 3 years.

Requirements for Participation

  1. Financial institution offerings that are primarily digital-based and meet the stated criteria of the respective award.
  2. Nominated offerings must be in production.
  3. All nominees must be willing to allow Aite-Novarica Group to publicly announce and describe their initiative should they win.

Submissions are open to all wealth management firms worldwide.

The winners will be announced will be announced shortly and will be honored during Aite-Novarica Group's Digital Wealth Management Impact Awards ceremony this November.

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