MIAMI, Sept. 27, 2018 /PRNewswire/ -- Digital technology has become an essential means of managing financial life for new generations of investors.
Inasmuch as the growth of digital technology continues to impinge upon the ways we do business, it is important for new investors to discover the most efficient investment vehicles for today's strategies that not only require customization but global reach as well.
In addition, millennials have changed investment habits, considering that 84% seek financial advising and 57% would be willing change their service provider for another who has a better technological platform.
Taking all of these factors as a whole, it is indispensable for the wealth management industry to provide its clients with access to technology, customization and global reach for management of their assets.
The change in consumer expectations and the slow response by traditional organizations have paved the way for non-bank alternatives for investment management.
This ranges from trying out new providers to getting involved in new models, such as ETPs, which offer a simple, low-cost way to manage and distribute investments. In order to achieve success with new investors, the following things are essential:
Transparency: For processes and prices, as well as individualized advising and authentic personal relations backed up by technology.
Efficient communication: It's vital for new investors to have access to information that is relevant to their specific situation, and be able to make their own decisions.
Innovation: Having the tools that make it possible to create and distribute unique investment strategies.
As Mario Rivero, CEO of FlexFunds explains, "Financial services organizations have got to evaluate how they are going to serve millennial consumers. This includes everything from basic transactional services to more advanced functions such as digital wealth management."
Scenarios are rapidly changing, and with this, the growth of alternative financial providers. Leading companies such as FlexFunds have made the most of this opportunity, developing simpler and more economical investment solutions in innovative and flexible ways.
For further information visit: http://www.flexfunds.com/
With more than US $2.5 billion in total funding and presence in the Americas, Asia and Europe, FlexFunds is a recognized leader in structuring customized investment vehicles for financial institutions asset managers, hedge funds and family offices. Through its robust and versatile asset securitization program, FlexFunds allows for the creation of efficient investment strategies, expanding access to international investors.