Boston, July 15, 2020 – The COVID-19 crisis impacts wealth management on multiple levels, and many wealth management firms must adjust their client engagement model substantially in order to remain the trusted partner for their clients in these challenging times. Though the wealth management industry is in a better position today than at any other point in history to meet the challenges of this crisis, firms with weak balance sheets or those that have failed to embrace the latest technology will risk losing clients and maybe even go out of business.
This report reviews how wealth management firms around the globe have weathered this unique business challenge, whether their technology platforms have been able to live up to client expectations, and what course of action they are planning to take in the future. It compares the situation across three continents (North America, Europe, and Asia), and is based principally on responses to a quantitative survey conducted among 31 wealth management practitioners in April and May 2020.
This 23-page Impact Report contains 12 figures and one table. Clients of Aite Group’s Wealth Management service can download this report, the corresponding charts, and the Executive Impact Deck.
About the Author
Datos Insights
We are the advisor of choice to the banking, insurance, securities, and retail technology industries–both the financial institutions and the technology providers who serve them. The Datos Insights mission is to help our clients make better technology decisions so they can protect and grow their customers’ assets.
Other Authors
Datos Insights
We are the advisor of choice to the banking, insurance, securities, and retail technology industries–both the financial institutions and the technology providers who serve them. The Datos Insights mission is to help our clients make better technology decisions so they can protect and grow their customers’ assets.
Wally Okby
Wally Okby is a Strategic Advisor for Datos Insights’ Wealth Management practice. He is a thought leader and trusted advisor to leading global clients across North America and EMEA, including alternative investment stakeholders, global private banks and wealth managers, portfolio management and reporting vendors, core private banking technology providers, ESG rating agencies and specialized data providers, and socially responsible investment...