Numerous aspects are transforming the wealth-management industry’s market ecosystem: wealth distribution changes, pervasive regulations to protect investor interests, data-analytic capacities to formulate customized offerings and client preferences for technology access. According to this thorough and well-reasoned report from professionals at the Boston Consulting Group, wealth managers crafting business strategies need to shift their focus toward innovative products and creative ways of doing business. getAbstract recommends this sound article to executives looking to stay ahead of industry changes.
In this summary, you will learn
- How the distribution of growth in global wealth is evolving,
- Which three trends are driving wealth-management industry practices and
- How asset managers can remain competitive in this fast-changing environment.
About the Authors
Brent Beardsley et al. are professionals at Boston Consulting Group offices around the world.