New Frontiers in Wealth Management: How advice firms can ensure long-term survival in a changing world
The Objective
Much of the day-to-day of running a financial advice business is focused - naturally - on tactical adjustments. However, longer-term shifts in the financial advice landscape meant that in order to fully future-proof your firm, more fundamental changes are required. But which ones?
The Approach
16 thought leaders in consulting, technology and financial advice itself agreed to contribute their thoughts on the challenges and solutions modern firms need to consider. The resulting mountain of insights needed to be honed into a crisp, manageable format that busy advisors could absorb easily.
The Result
Applying an evolutionary lens, a clear narrative emerged around four core areas: Management, Marketing, Offering & Technology. The common theme running through all the areas was the need for firm owners to re-assess their business from the ground-up.
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