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Editorial Rating

8

Qualities

  • Comprehensive
  • Analytical

Recommendation

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.

Take-Aways

  • A survey of more than 130 financial executives and 500 wealth-management clients forecasts that private wealth in Asia-Pacific will surpass that of North America by 2020.
  • Regulations to enhance product and fee transparency, to eliminate conflicts of interest, and to protect investors are reducing revenues and increasing costs for asset managers.
  • Digital advancements, such as low-cost asset allocation programs, are making the most of technological capabilities and creating a solid niche in the investment community.

About the Authors

Brent Beardsley et al. are professionals at Boston Consulting Group offices around the world.