Scalable Tech and Operations in Wealth and Asset Management
Wealth and asset managers are eager to serve end-investors with personalized wealth solutions at scale. However, the wealth management industry's investment in technology has not yielded the expected efficiency gains.
Excessive complexity and outdated technology throughout the value chain result in high costs and friction. Simultaneously, investors require personalized investment solutions. Yet there are challenges in delivering such solutions at a large scale.
At a glance
After a long period of consistent profitability, the wealth and asset management sectors are facing rising costs, shrinking margins, and intensifying consumer demands.
Wealth and asset managers are looking for ways to accelerate their digital transformations, bring more of what advisors and end-investors want to the table, and bolster assets under management – all in the most-cost efficient way.
Key take-aways from the report