WealthTech Insights
Wealth Dynamix
CRM, CLM & Onboarding solutions for private banks & wealth management firms
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Wealth Dynamix Insights
Swiss WealthTech Landscape Report 2022
Is your firm well equipped to adapt to the growing trend of External Asset Managers??
Across Europe, the rise of the EAM is a trend that couples huge potential gains but adds complexity for banks and wealth management firms.
The Wealth Mosaic Swiss WealthTech Landscape Report 2022, features Cedric Neuville , Director of Pre-Sales and Consulting Europe at Wealth Dynamix who explains how firms can maximise their appeal to EAM via their inclusion in Client Lifecycle Management (CLM) platforms.
Three Strategies to Attract New Clients in Wealth Management
28% of High Net Worth (HNW) clients plan to switch wealth managers over the next three years. Notably, they’re planning to move their money over to FinTech platforms.
These platforms are anticipated to see a whopping 74% increase in usage with 德勤 predicting that the US robo-advice industry alone will hold as much as $7 trillion in assets by 2025.
So, what’s driving today’s millionaires away from traditional wealth managers and into the arms of digital-first firms? Industry experts share their candid thoughts and offer strategic solutions.
Client Onboarding: The Way it Should Be
Does your technology stack meet the needs of today’s demanding wealth management client?
Whilst client onboarding is the most focused and concentrated sequence of interactions between a client and a wealth firm, it is not unique – the interface extends across the entire client lifecycle.
Yet all too often the onboarding journey is treated in isolation. What should the onboarding journey look like – and how can technology help??
Industry Insights
The Future is Calling - How Advisory Will Define Wealth Management in Asia - 埃森哲
Accenture’s research reveals the reasons for sub-optimal Relationship Manager productivity.?
RMs in APAC wealth management firms spend half of their time on non-revenue generating activities like administration, non-client meetings and trade execution. An important reason for the productivity shortfall is because a typical RM uses an average of five tools or applications for each key activity.
This is inefficient and contributes to additional pain-points, like an inability to generate personalised insights and advisory proposals. Nearly 80% of RMs in Asia see cockpits— a one-stop platform that brings together all of the underlying capabilities—as the solution.
Strategic Initiatives for Winning Using Wealth-Tech - 德勤
领英推荐
With rapid advances in technology over the years, as wealth-tech’s influence and adoption rate by wealth firms increases, the time between each new wave of wealth technology innovation decreases.
This makes it imperative for wealth managers to focus their efforts on initiatives that help them capitalise on these innovation waves, and that starts with keeping informed of current wealth-tech trends.
To help industry leaders stay current and position themselves to succeed, Deloitte have identified five strategic initiatives they may want to pursue.
The Cloud Continuum: Be Ever–ready for Every Opportunity - 埃森哲
Change is the new normal. It’s why so many organisations are reimagining their businesses and migrating systems and applications to the cloud. And they’re doing it while their industries and business are in flux. It’s akin to a ship rebuilding its engine and retraining its crew, while somehow trying to maintain its speed and course through a ferocious storm.
Accenture's global survey of about 4,000 global business and IT leaders found nearly three-quarters of respondents saw up to 10% in cost savings, on average, from moving to the cloud.
But that’s just one upshot, about 12-15% of respondents depending on region—are seeing substantial gains from their continued cloud engagement.?
With that in mind they offer four keys to unlock the potential of the Cloud Continuum.
Upcoming Events
Arena International Events Group : Private Banker & Wealth Management: Conference & Awards?
15th December 2022, Zurich, Switzerland
On the theme of digital innovation, Francois de Lescure, our Chief Revenue Officer, will be shedding light on why we believe that Swiss banks should make CLM their SaaS of choice.
This unrivalled event in Switzerland, is an exclusive and long overdue opportunity for the industry to connect and recognise the latest successes in the Swiss market.??
AltFi Webinar: Is ‘Hybrid Servicing’ The Next Big Thing in WealthTech??
15th December 2022, Virtual
The complex world of high-net-worth and ultra-high-net-worth wealth management is embracing a new model of supporting its customers.
But this change isn’t without resistance, both from existing relationship managers and internally over fears that an omnichannel approach will result in complicated, inefficient, or broken user journeys.
Yet research suggests that firms embracing this technology can effectively serve clients for a fraction of the cost – so why hold back?
Thank you for reading. Please contact us at [email protected] for any questions or comments.
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