New Global Research Reveals How Wealth Management Firms Have to Reinvent Themselves to Thrive in the Next Era of Investing
52% of executives say that most products will become commoditized, forcing providers to offer value-added services to defend fees.
- 52% of executives say that most products will become commoditized, forcing providers to offer value-added services to defend fees.
- And 39% believe lines between wealth management, banking, and insurance will be blurred as investors demand more holistic products and services.
- A new playing field will emerge as digital entrants trigger market shifts and firms reinvent themselves and consolidate.
- To respond, firms are lowering or capping fees, while others are building value by adding holistic and specialized planning services.