Digital assistants: alleviating burdens permeating wealth management
7 February 2022 – David Wilson details on Finextra where technology can support advisers and enable them to focus their valuable time and efforts where it is required.
By 2030, according to multiple management consulting firms, advisers will gradually shed their role as investment managers and become more like wealth coaches who advise clients on their financial wellness needs more broadly.
In order to profitably serve customers, wealth firms will need to be radically leaner than they are today and set a rising bar for operational excellence. Digital technologies will help wealth managers innovate and offer investors more hyper-personalised, data-driven advice and engagement models. Data will become a core competency, and those firms who will be able to convert it into actionable insights will lead the industry.
Coming to the practical daily workday of a wealth manager, David Wilson details on Finextra where technology can support advisers and enable them to focus their valuable time and efforts where it is required.
To know more on how to achieve growth in the current wealth management setting download the full paper here.