Extending Your Wealth Management Business With Online Brokerage
Report Summary
Extending Your Wealth Management Business With Online Brokerage
How can banks, brokerages, and RIAs build their self-directed online brokerage business?
Boston, February 10, 2014 – Few U.S. banks and brokerages have stand-alone, self-directed investment platforms, but this will soon change. Banks and brokerage firms that overlook self-directed trading platforms are leaving money on the table, particularly as baby boomer clients look to fund their retirements and younger clients avail themselves of online brokerage capabilities. But creating a compelling self-directed platform is a challenging exercise, one that will depend in large part on how important the online brokerage platform really is to a firm's wealth management business.
Aimed at financial services firms with wealth management divisions that have a limited online presence, this report details banks and brokerages' opportunity to address their clients' self-directed investing needs, deepen client relationships, and capture a larger share of assets. The piece was developed in collaboration with Scivantage, an online brokerage technology provider, and Riperian, an online channel strategy and implementation services provider.
This 30-page Impact Report contains six figures. Clients of Aite Group's Wealth Management service can download this report.