Nearly all wealth managers plan to adopt new technologies in 2024 driven by high ROI:

Financial planning, portfolio management, customer relationship management (CRM), and client communication tools have consistently been perceived as delivering the best ROI.

FINTECH GLOBAL.

How #AI dominated the #wealthtech conversation in 2023:

While the ability for AI to reshape #WealthManagement is still a 'what if' for some, many advisors are already putting the technology to work in practical ways.

Financial Planning.
financial-planning.com/list/10-storie…

🇦🇺Poor financial literacy in #Australia :

#FinancialLiteracy weakened in recent times, with a number of reports highlighting the challenges managing rising household costs, retirement and general ‘financial wellness’.

@BankingDay: bankingday.com/poor-financial… #WealthManagement

🛫 April Rudin 🌏 Theodora (Theo) Lau - 劉䂀曼 🌻 Dr Efi Pylarinou Spiros Margaris Craig Iskowitz Boudewijn Chalmers Rich Finance💡 Andreas Staub Oscar Neira 🤟🎸 Chris Gledhill Spot on, April! Wealth services will be highly automated and AI-assisted to a large extent. Those investors who prefer human advice and guidance will be served better than today. Independent from product distribution which is still dominating today.

What’s the median personal #wealth per adult around #Europe ?

The personal wealth of the average European adult in USD includes both financial and non-financial wealth, the latter mostly consists of land and real estate.

@Landgeist: landgeist.com/2023/11/25/med… #WealthManagement

Roboadvisor #Wealthfront announces $50 Billion assets milestone:

UBS-owned Wealthfront serves >700,000 clients, largely young professionals across the United States.

Fintech Switzerland. #WealthTech #investing
fintechnews.ch/roboadvisor_on…

Are #RoboAdvisors still the answer to costly advice or a dying breed?

By removing the human advisor component, robos promised to revolutionise the industry by making long-term #investing and financial planning cheaper and more accessible to the masses. Now, there are signs the

#Wealth managers scramble to better serve global families:

Ultra- #wealthy families with cross-border needs present a huge opportunity to wealth managers and firms are reshaping themselves to better serve this booming segment.

Yuri Bender, PWM: pwmnet.com/wealth-manager…

How the ultra- #wealth y invest:

Where UHNWIs invest their fortunes, based on a global survey of over 500 #wealth managers, family offices, and private bankers that oversee a combined $2.5 trillion in assets.

@KnightFrank via Visual Capitalist: visualcapitalist.com/visualizing-th… #WealthManagement

How can #FamilyOffices leverage #ArtificialIntelligence ?

AI wealth management models can be trained on historical financial #data , market trends, other relevant factors and applied to the following tasks:
1. Investment analysis;
2. Portfolio allocation optimisation;
3. Risk

Hyper-personalisation is changing the #banking experience:

The banking industry is transitioning from traditional segmentation and micro-segmentation to hyper-personalisation with the help of artificial intelligence and #data strategies to deliver tailored experiences and make

#Wealth managers unsure whether their software measures clients' #risk :

Only one in four (25%) European wealth managers would strongly recommend the tools or software they use to assess the suitable risk level of clients.

🆕Study by behavioural finance experts Oxford Risk

The Essential Role Of Financial Advisors In Wealth Management #wealthmanagement #advice #trust medium.datadriveninvestor.com/the-essential-…

Small #banks generally most successful in #Switzerland 's #wealth management market:

69 of 245🇨🇭 #banks jointly define Swiss #WealthManagement market:
• 2 Large Banks (CHF 5.9t AuM, CHF 190b NNM, 121k FTE)
• 4 Cantonal Banks (CHF 0.5t AuM, CHF 36b NNM, 9k FTE)
• 19 Private

Key factors enabling fintech growth:

#Fintech activity is closely related to a country’s economic and institutional development.

🆕Paper by World Bank via Fintech Singapore:
fintechnews.sg/77947/fintech/… #DigitalBanking #banking #WealthTech #regulation

The $100trn battle for the world’s wealthiest people:

The two financial giants #MorganStanley and #UBS look likely to crush the competition. In differing ways, both are seeking even greater scale.

The Economist: economist.com/finance-and-ec… #wealth #WealthManagement

Where the world’s ultra-wealthy reside:

The number of people with an ultra high net worth in 2022, by region.

Altrata via Statista: statista.com/chart/30792/nu… #UHNWI #WealthManagement

Global #wealth declines for first time since global financial crisis of 2008 –

Wealth increases recorded for Russia, Mexico, India and Brazil.

🆕Global Wealth Report 2023 by UBS (& Credit Suisse): ubs.com/global/en/fami… #WealthManagement #PrivateBanking

reuters.com/business/finan…

#WealthManagement #privatebanking #consolidation

🇨🇦Canadians are 2x as likely to change #wealth managers compared to their global counterparts:

45% of respondents are looking to add, switch or move providers in the next 3 years; 40% expect to increase or maintain their use of digital service providers.

2023 EY Global Wealth