Wealth Managers in Europe Join the Hybrid Race: Going for Gold
Report Summary
Wealth Managers in Europe Join the Hybrid Race: Going for Gold
European FIs are embracing new hybrid business models to remain relevant and profitable, with varying degrees of success.
London, 24 July 2018 – Understanding and accepting the value of digital-only players in the wealth management arena has been a learning curve for traditional financial institutions. This has given way to the much discussed “hybrid” business model—a proposition that aims to create the perfect amalgam of human and digital capabilities. While wealth managers in the U.S. have adapted to this hybrid journey more quickly, European FIs are moving fast to get their hybrid models on the road by enhancing their own digital wealth capabilities. The noise around the hybrid business model is only getting louder.
This report provides an understanding of what the hybrid wealth management business model entails, what traditional FIs have done so far in this space in Europe, which propositions stand out, and what FIs need to do going forward to truly make a success of their hybrid journeys. It is based on 20 primary interviews conducted from March to June 2018 with executives at digital investing and advisory fintech firms, private banks, and wealth managers across Europe.
This 43-page Impact Note contains six figures and six tables. Clients of Aite Group’s Wealth Management service can download this report, the corresponding charts, and the Executive Impact Deck.
This report mentions ABN Amro, Allianz Asset Management, Andbank, Apicil Group, Baloise, Bank of America Merrill Lynch, Basellandschaftliche Kantonalbank, Betterment, BNP Paribas Asset Management, BlackRock, Brewin Dolphin, CaixaBank, Charles Schwab, Citi Private Bank, Citizens Financial Bank, Commerzbank, Coutts & Co., Credit Suisse, Danske Bank, Deutsche Bank, Fidor, Five Degrees, FundShop, FutureAdvisor, Gambit, HSBC, ING DiBa, Investec Wealth & Investment Management, Jyske Bank, Keytrade Bank, Killik & Co., Mediobanca, Moneyfarm, Morgan Stanley, Monzo, Munnypot, NatWest, Nordea, Nordnet, Nutmeg, Objectway, Ortec Finance, Prospery, Royal Bank of Scotland, Saxo Bank, Scalable Capital, SigFig, UBS, Virtual Affairs, Wealthfront, and Wells Fargo.