WealthTech Insights
Wealth Dynamix
CRM, CLM & Onboarding solutions for private banks & wealth management firms
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Thought Leadership
How to use data to drive business efficiency and boost revenue of your wealth management firm
Data plays a pivotal role in driving business value, efficiency, and revenue in the wealth management sector. However, its adoption remains inconsistent.
Research reveals that 77% of firms face data quality issues, and 67% of CEOs rely on intuition due to a lack of trust in data. Slow adoption of data-driven practices results in advisors spending 60%-70% of their time on non-advisory tasks.
Our article highlights the significance of strong data foundations and outlines steps to enhance quality, consistency, and accuracy using our CLM platform.
Client Lifecycle Management (CLM) vs Client Relationship Management (CRM) – what’s the difference and why does it matter?
Are you curious about why a Client Lifecycle Management (CLM) system outshines traditional Client Relationship Management (CRM) solutions in wealth management and private banking?
Wealth Dynamix has the answers you've been looking for! We delve into the true distinctions between CLM and CRM, shedding light on why knowing the difference is crucial.
Don't miss out on this article and transform the way you manage clients.
Video: The evolving landscape for wealth managers in Asia
The Wealth Mosaic interviewed Darell Miller , Managing Director APAC, who talks about technology and its use in the Asia Pacific region.
Darell analyses growing trends in APAC and provides insights into how technology can meet the new core requirements of wealth managers and their clients. He also talks about the role and importance of technology in the advisory model and in the delivery of trending asset classes.?
Use it or lose it – can you afford to ignore the rise of hybrid servicing?
To thrive in the wealth management industry, attracting and retaining clients, especially the next generation is crucial. That's why hybrid services, omnichannel approaches, and automation are now essential tools to meet client expectations.
By combining the convenience of digital self-service with the reassurance of human support when needed, firms can build trust with investors and help them achieve their financial goals.
Given the increasing digital fluency of populations and the influence of younger HNW and UHNW individuals, it's no surprise that the hybrid servicing model is gaining popularity. Considering the pressure on businesses to improve cost:income ratios, can you afford to ignore this emerging model?
Industry Insights
Asset and wealth management revolution 2023: The new context - 普华永道 2023
By 2027, 16% of existing asset and wealth management (AWM) organisations will have been swallowed up or have fallen by the wayside—twice the historical rate of turnover. This challenging data point underscores the key takeaways from this survey.
Digital transformation, shifting investor expectations, consolidation, and "retailisation" are gaining prominence amid social, economic, and geopolitical disruptions. This report asserts that leaders must quickly focus on successful adaptation to thrive in the evolving industry landscape.
How asset managers can create strategic distance with technology - 麦肯锡 2023
Asset managers are investing more in technology but not necessarily with an optimal strategy. Shifting to cloud-based solutions and redirecting resources toward revenue growth opportunities can enhance resiliency.
Embracing technologies like artificial intelligence (AI) and automation is essential for staying competitive, despite the industry's risk-averse nature. Stepping outside comfort zones can lead to a potential 30% improvement in efficiency and operational performance, with new products hitting the market in one-fifth of its previous time or even faster.
Thank you for reading. Please contact us at?[email protected]?for any questions or comments.
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