Rethinking wealth management will be critical for the success of the industry. No “One Size Fits All” defines the challenges that wealth management institutions will experience as the wealth transfer and needs of clients change.
management
Description
Rethinking wealth management will be critical for the success of the industry. No “One Size Fits All” defines the challenges that wealth management institutions will experience as the wealth transfer and needs of clients change. The prose visits the critical importance of retaining clientele that will be inheriting assets, and the unique needs of high net worth clients in particular.
-As there is a generational change, the needs of clients have been changing as well - more emphasis for millennial clientele are preferring more digitalization over actual personal advisory.
-The amount of personal advisors is beginning to decline, and the need for more personalization through products and services is critical for clientele retention of wealth transfer.
