New white paper: Productivity and growth in wealth management – spearheads for lasting success

As a part of our WealthTech Insight Series (WTIS) and in partnership with FA Solutions, we are pleased to present a new white paper that examines productivity and growth initiatives within wealth management, and identifies the role that technology plays in the success of both.

Productivity and growth in wealth management today are inextricably linked. Greater levels of productivity enable growth via increased assets under management (AUM) – either from growing share of wallet, serving more clients, moving down the value chain to serve the mass-affluent sector, or by capturing the next generation of investor.

Wealth managers also find themselves in a period of rapid technological change and advancement like never before. If wealth managers are to continue to succeed and thrive, they need to revisit the way they use technology, leveraging it to drive productivity gains through greater automation and operational efficiency.

We examine this in more detail in our new white paper: Productivity and growth in wealth management – spearheads for lasting success. For this paper, we interviewed C-level executives from a range of UK wealth managers. The size of organisation interviewed ranged from 100 to 3,000 people, spread across the UK and the Crown Dependencies. Assets under management (AUM) were between ￡142 million and ￡65.1 billion. Most of our respondents targeted the traditional high-net-worth (HNW) segment, with the average client being in their late 50s, with their wealth being either inherited or self-made.

The research was conducted in partnership with FA Solutions , a cloud-based portfolio management platform for wealth managers that automates and centralises operational processes and reporting into one easy-to-use system via multiple APIs.

“We are pleased to sponsor this white paper which examines the various facets and interlinkages between productivity and growth within the UK wealth management industry. It also uncovers the role that technology plays in supporting both productivity and growth, as well as identifying the need for change management to make best use of the technologies and tools available.” - Joey Cozens-Smith, Managing Director, FA Solutions.

You can read and download the white paper here.

ABOUT THE WEALTHTECH INSIGHT SERIES

This research is part of The Wealth Mosaic’s WealthTech Insight Series (WTIS), an ongoing and developing research process mixing online surveys and interviews, focused exclusively on technology in the wealth management sector across the world. Rather than a one-off research process, the WTIS will seek to build an ongoing programme of research among wealth managers of different types across the world on a broad range of technology and related topics, building up an aggregated knowledge base of both qualitative views and perspectives as well as quantitative data points. The WTIS aims to create a continuous flow of insight, data, output, and industry knowledge.

PARTNER IN RESEARCH

FA Solutions provides a cloud-based portfolio management platform for wealth managers that automates and centralises operational processes and reporting into one easy-to-use system via multiple APIs. Without an automation system in place, back, front, and middle office staff need to manually complete routine tasks using legacy systems and tools such as Excel.

To date, FA Solutions serves over 70 major banks, independent asset managers, and institutional investors in 15 different countries. Founded in 1999, FA Solutions currently has offices in Finland, Sweden, Latvia, the Netherlands, and the United Kingdom.

Discover more about FA Solutions here.

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