London, 9 July 2015 – The global wealth management sector has been confronted with diverse regulations, significantly higher client expectations, new types of competition, and the necessity of  adapting or replacing legacy technology infrastructure. While this wave of change has put many wealth managers on the back foot, these technology projects are an opportunity to shift their business back onto the front foot, target new goals, set their own agenda, and finally innovate.

This Impact Report, conceived to focus on innovations within the sector, profiles ABN Amro Private Banking, Merrill Lynch, Citi Private Bank, Charles Schwab, Credit Suisse, DBS Bank, Itau Private Bank, Lombard Odier, and UniCredit Private Banking. These firms are working toward a range of achievements, but the lead three are acquiring clients, retaining clients, and increasing share of wallet. Specifically, the innovations include delivering innovation as a culture within the organization, rules-based advice, digitalization, and tablet platforms.

This 45-page Impact Report contains eight figures and four tables. Clients of Aite Group’s Wealth Management service can download this report.