2018: Trends to Watch in Global Wealth Management
2018: Trends to Watch in Global Wealth Management
NEW YORK, Jan. 30, 2018 /PRNewswire/ -- Summary
Regulation, innovation, and intergenerational change will be key items on wealth managers' agenda in 2017. Compliance with the now in-force Common Reporting Standard (CRS) and Markets in Financial Instruments Directive II (MiFID II) will be as crucial as responding to shifting client demographics and changes to the investment landscape, fueled by cryptocurrencies growth and central banks revising monetary policies. In this environment, striking the right balance between retaining existing clients and hunting for new ones will bekey.
Read the full report: https://www.reportlinker.com/p04595298
Key findings include in this report -
- Central banks potentially increasing interest rates in 2018 will affect the asset allocation landscape.
- 64% of wealth managers agree that intergenerational wealth transfers will be a big source of new business in the coming years.
- New investment products such as impact investments and cryptocurrencies will become mainstream. Meanwhile HNW lending is also an opportunity to diversify providers' sources of revenue.
- Use of automation and technology in general will increase as providers look to reduce costs.
- Robo-advisors will continue to grow, but their share of the overall market will not change drastically.
Educating clients about risks and preparing them for market shocks remain fundamental to client retention, regardless of how affluent or sophisticated they are.Preparing for millennials and younger generations coming into wealth is essential to ensure sustainable business growth. This requires managers to reach out to and build relationships with the youth in an appropriate way and at the appropriate time, in addition to providing innovative products.
The report "2018: Trends to Watch in Global Wealth Management", informs wealth managers and their strategy teams of the key developments emerging across the industry - and how best to respond to these changes. The report examines in detail key areas such as regulation, customer targeting, and product and service provision, with analysis supported by findings from GlobalData's propriety surveys of wealth managers and investors.
Specifically the report -
- Considers the impact of different regulation (including the Common Reporting Standard, General Data Protection Regulation, and MiFID II) on the industry.
- Analyzes shifts in investors' asset allocation preferences and their impact on wealth managers' strategies.
- Reveals millennials' product and service requirements and considers successful client acquisition and retention activities.
- Discovers key trends in product innovation, exploring areas such as HNW lending, cryptocurrencies, ETFs, impact investing, and innovative fintech products.
- Examines the latest developments in the robo-advice market and future M&A activity in the sector.
Companies mentioned in this report: Acorns, Active Allocator, Aviva, Barclays, BearingPoint, Betterment, Blackrock, BNP Paribas, BrickX, Carmignac, Charles Schwab, Citigroup, Cordium, Credit Agricole, Credit Suisse, Deka, Deutsche Bank, Fidelity International, Gambit, Goldman Sachs, Gowling WLG, Hargreaves Lansdown, HNW Lending, ICICI Bank of India, IHS Markit, Lloyds Bank, Maecenas, Moneybox, Morgan Stanley, Nutmeg, Revolut, Scalable Capital, St. James's Place Wealth Management, State Street, Stockspot, Tobam, UBS, US Bank, Vanguard, Wealthify, Wealthsimple, Wells Fargo, Westpac.
Scope
- Central banks potentially increasing interest rates in 2018 will affect the asset allocation landscape.
- 64% of wealth managers agree that intergenerational wealth transfers will be a big source of new business in the coming years.
- New investment products such as impact investments and cryptocurrencies will become mainstream.
- The use of automation and technology in general will increase as providers look to reduce costs.
- Robo-advisors will continue to grow, but their share of the overall market will not change drastically.
Reasons to buy
- Understand the key trends impacting the wealth management industry in 2018 and how to respond.
- Discover drivers behind intergenerational change among your clients, and the customer targeting strategies that will help you retain existing clients and engage with new customers.
- Learn about key regulatory developments and how to leverage them to your organization's benefit.
- Stay ahead of your competitors by keeping up to date with product innovation in the industry.
- Discover how HNW asset allocation preferences are set to evolve in 2018, and what this means for your business.
Read the full report: https://www.reportlinker.com/p04595298
About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.
__________________________
Contact Clare: [email protected]
US: (339)-368-6001
Intl: +1 339-368-6001
SOURCE Reportlinker
Share this article