Top 10 Trends in Wealth Management, 2015: A Digital Engagement
Report Summary
Top 10 Trends in Wealth Management, 2015: A Digital Engagement
2015 requires wealth management firms to offer engagement models worthy of the 21st century.
Boston, January 15, 2015 – 2014 was dominated by much discussion around terms such as "digital client engagement," "robo-advisor," and "goals-based wealth management." Now, wealth management firms are going through a much-needed redesign, seen as opportunity by some and major threat by others. For firms that decide to embrace the future, Aite Group believes the rubber will hit the road in 2015, particularly in digital wealth management, an area that requires wealth management firms to know their clients and wow them with new offerings.
Aite Group reveals the top 10 trends that will shape the wealth management industry in 2015:
- Global wealth management reshapes
- Correspondent clearing consolidates
- Wealth management vendors integrate
- The digital registered investment advisor market explodes
- Incumbent firms aim to disrupt
- Traditional firms wake up to digital
- Goals-based wealth management drives technology change
- Firms get ahead of regulation
- Wealth managers engineer investment AI
- Front-end trading receives a redesign
This 19-page Impact Note contains one figure. Clients of Aite Group's Wealth Management service can download this report.