The UK robo-advice sector: It looks even worse 07/07/2016 SCM Direct has produced a report called “FinTech Folly - The Sense and Sensibilities of UK Robo Advice.” This amplifies these criticisms as well as presenting the research that underpins them based on an analysis of ten firms currently operating in the UK supplemented by US data.
The $200 billion opportunity for wealth managers 27/06/2016 Up to $200 billion worth of client assets is available to those wealth managers who can respond to changing demands and get the client experience right, according to the results of EY’s latest Global Wealth survey.
Asian wealth surges ahead while US cools - Capgemini report 23/06/2016 Wealth in Asia-Pacific grew ‘aggressively’, propelling it past North America to claim the top spot for both High Net Worth Individual (HNWI) wealth and population for the first time according to the Capgemini World Wealth Report 2016.
This year’s report also highlights how wealth management firms are “missing the mark when it comes to digital maturity”, and revealed that over half of firms’ net income could be at risk due to client attrition caused by lacking digital capabilities.
Wealth managers need to work together to attract millennials 14/06/2016 A working group of millennial wealth management professionals have called upon the sector – and the financial services industry more broadly – to team up and create a financial guidance service to engage the next generation in financial planning.