With a proliferation of robo-advisors in the market, major brands are beginning to innovate in an effort to stand out. Charles Schwab has adapted its …
Goldman Sachs looks to the masses to grow April 17, 2019 Private banks compete on tech as much as investment skill
HSBC’s tie-up with BlackRock Aladdin shows competition is heating up in the wealth management tech space, says GlobalData. Private wealth managers are increasingly in an …
Westpac’s sale of loss-making financial advice arm makes sense
The sale of Westpac’s financial arm to Viridian Advisory is a good move for the struggling Australian lender says GlobalData Financial Services. Westpac Banking Corp is …
The older generations want digital products too
Baby boomers and older consumers may not be as digitally-savvy as the younger generations, but they still want digital investment services GlobalData finds. According to …
Human financial advisors are not doomed
Technology is increasingly being incorporated within the wealth management industry, from robo-advisors to AI-enabled chatbots. However, the need for human financial advice will not be …
Wealth managers must embrace chat applications to engage with clients
Engaging customers is important to maintain customer satisfaction and grow revenues in almost any industry. Wealth management is no different. Using new communication channels for …
Are wealth managers over-digitalizing?
In recent years a number of wealth management firms have invested in boosting their digital offerings. Yet data gathered by GlobalData suggests some companies are …
Financial services can get closer to consumer wants and needs using AI
Artificial intelligence (AI) is growing its influence within the financial services sector, as more players are integrating it into their propositions. Many companies are now …
How to target young mass affluents with an investment product
Research from GlobalData shows that utilising tech to provide simple, easy to use, and accessible apps is paramount in appealing to mass affluent investors. FinovateEurope …
Why wealth managers should target women more than ever
Structural inequalities have resulted in gender wealth gaps according to a report published by Oxfam in January 2019. However, the recent societal push towards closing …
