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…
We are living in quite strange times. The financial markets appear to be facing even stranger times with current stock market prices seemingly disconnected from the surrounding economic upheaval. As I write this blog, the financial markets are near peak valuations while the private equity industry sits on a record amount of dry powder. Yet,…
Responsible leadership has become central to the success of companies in every sector, including wealth management. Not only does it affect the value and reputation of a company, but it goes further to impact staff retention and client loyalty. Just a few years ago, ethical, social and corporate governance (ESG) – or responsible – investing…
Applied Intelligence (AI), the spectrum from advanced analytics to true artificial intelligence, has been long-heralded as a “next big thing” in wealth management. However, the industry has reached an inflection point for finally moving beyond hype to real value. A confluence of advancement in data, platforms and cloud computing underpin a greater understanding of how…
