Recently, I had the pleasure of speaking with John Manganaro, managing editor of PLANADVISER, at their webinar on artificial intelligence and financial advice. We talked about why Accenture recently conducted a study on the state of AI in wealth management, what surprised me from the survey results and what were some of the eye-opening numbers…
In my last blog, I looked at two Accenture Tech Vision 2021 trends that I believe will shape the future technology foundations of the asset management industry. Today, I investigate two additional trends that could have profound implications for the asset management workforce: “I, Technologist” and “Anywhere, Everywhere.” ‘I, Technologist’—The democratization of technology Powerful technology…
Few industries are experiencing changes in technology advancement as dramatically as investment management. No longer is the impact limited to sophisticated functions such as investment research within the front office—nearly all aspects of asset management are being disrupted. Even asset classes that many expected to remain analog are being digitized at an unprecedented rate. A…
Traditional private banks and wealth managers often struggle in adapting their offerings to appeal to younger generations of clients. As a result, they are at risk of losing those clients to competitors that have more compelling proposals (e.g. in terms of social responsibility, client centricity or flexibility) and they might be missing valuable opportunities to…
Asset managers have been focused in the past mainly on driving scale and efficiencies into their investment operations. Now, many firms are turning to a new playbook. Its priorities? Using digital as the engine to enhance revenue, client centricity and market share. And doing this successfully requires firms to embrace a new way of working…
As part of Accenture and Orbium’s continued commitment to help drive valuable discussions within the wealth management industry, we have created our annual Wealth Management Digest—a curated selection of articles written by our practice over the last year. This year’s publication draws on insights from the Accenture–Orbium Wealth Management C-Level Survey, and we have aligned…
