Rapid, but transformational evolution in client preferences, technology, and advisory models is giving rise to potentially high-impact trends for the wealth management industry. From now throughout the next 12 months, traditional wealth managers are expected to face intense competition from nimble customer-centric FinTechs and possibly from BigTechs such as Alibaba, Amazon, and Tencent. In the battle for sustainable business expansion, wealth managers will need to be agile in meeting customer needs and adaptive to changing business models. This report highlights the top 10 trends facing wealth management firms over the next year.
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