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E.g., 2024-04-17
June 5, 2023
Overall, the technology landscape of vendors and clearing/custody firms continues to grow, with well over 50 firms in this very crowded market. In the enterprise space, the market is quite consolidated by established legacy participants. On a combined basis, Aite-Novarica Group estimates that legacy providers Morningstar, Pershing, Orion, Envestnet Tamarac, and SS&C have around 50% market...
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February 14, 2023
In 2021, I was provided the unique opportunity by the good folks at Refinitiv Financial Solutions to look under the hood of their newly launched sustainable development scores tool. For anyone who is not familiar with it, this product is used by investors and analysts to gauge how well sovereigns align with the U.N.’s sustainable development goals. At the time, I noted that the diligent,...
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January 17, 2023
As recently as three years ago, the financial services industry—including wealth management—was still just exploring the possibilities enabled by advancements in technology and how they might affect products, channel alignments, and operational strategies. It’s 2023 now, and Aite-Novarica Group has observed some of what these initiatives have rendered possible. We’ve seen examples of modern...
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David Himmel
August 31, 2022
Wealth management firms rely on their core banking systems to serve their customers across the entire value chain. But antiquated systems are challenging many financial institutions (FIs) in their quest to keep up with their industry’s ever-changing demands, which prioritize speed and flexibility. While FIs of different sizes have varying challenges, at a bare minimum, all wealth management...
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August 1, 2022
Global wealth management platform FNZ has added Swiss fintech company New Access to the list of strategic acquisitions it has made worldwide in recent years. The organization appears to be strengthening its wealth-tech capabilities in order to make its offering more robust and enter new markets. But the thing that makes the continued expansion of FNZ truly stand out—and why wealth management...
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Meghna Mukerjee
July 21, 2022
The Great Resignation—a phenomenon in which an unprecedented number of employees worldwide quit their jobs over the past few years—has ushered in novel ways of thinking about workplace culture. Employees are prioritizing a better work-life balance, remote and hybrid options, and higher pay. Many companies have sought to adapt to these shifting expectations, but a talent gap—or labor shortage—...
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May 4, 2022
With total global digital asset market capitalization growing from roughly US$20 billion as of year-end 2016 to nearly US$3 trillion in November 2021, digital assets have found their place in certain private and institutional clients’ balance sheets—largely outside the purview of classic financial advisory relationships.  In fact, activity at Coinbase, one of the largest digital asset...
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David Himmel
February 7, 2022
Like other industries, wealth management organizations have dedicated much of the last two years to mitigating the effects of the pandemic. But as we enter 2022, the wealth management industry needs to look toward the future and prioritize keeping up with this quickly changing market. Organizations will need to adjust their business models to account for the modified economic situation as...
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Alois Pirker
January 31, 2022
The big boys have now taken over the digital advice space. As recently as 2014, no established players had entered the space, and startups managed 100% of the robo-advised assets. Fast forward to today: With UBS’s acquisition of Wealthfront, the number of challenger robo-advisors of any significant size has been reduced to a single firm—Betterment, which advises on US$28 billion of client...
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William Whitt
July 27, 2020
By Manoj Upreti and Dennis Gallant   On July 15, 2020, Lincoln Financial Group announced the launch of PathBuilder, which can be selected like any other investment option within employer-sponsored retirement plans and provides a guaranteed income stream for life. Why is this product announcement important? Many U.S. consumers today are worried about outliving their retirement...
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Manoj Upreti

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