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Top 10 Trends in Wealth Management, 2014: Changing the Firm

Top 10 Trends in Wealth Management, 2014: Changing the Firm

In 2014, wealth management firms will change their client engagement and operating models. 

Boston, January 15, 2014 – A full six years after the commencement of the financial crisis, wealth management firms are finally turning the corner from reactive to proactive mode. As clients and regulators continue to pressure wealth management firms to provide better financial advice at a reasonable price point, 2014 will see firms proactively re-evaluate their current business models and service offerings with a focus on leveraging technology to improve the client and advisor experience.

Aite Group reveals the top 10 trends that will shape the wealth management industry in 2014:

  • Global wealth managers refocus
  • Innovation returns
  • Leading firms tackle big data
  • The client experience takes center stage
  • Online servicing breaks through
  • Platforms integrate
  • Correspondent clearing firms go holistic
  • Regulating advice grows up
  • Mobile trading growth accelerates
  • Bitcoin: Hot trend or hoopla?

This 19-page Impact Note contains one figure. Clients of Aite Group's Wealth Management service can download this report.