Challenges in the Wealth Management Industry
Tech savvy clients expect a modern and seamless omni-channel experience across traditional and digital channels. The legal and regulatory environment is increasingly complex and Wealth Managers must ensure a compliant and yet compelling service in a cost efficient manner. In addition, innovative Fintechs and Bigtechs are creating a whole new competitive environment. All this results in new market dynamics and a profound disruption in the long run. Wealth Managers must embrace these challenges today to be ready for the future.