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…
Participants in our Accenture-Orbium Wealth Management C-Level survey identified six megatrends they predict could reshape the wealth management industry over the next five years. We think these trends could open the door for wealth managers to expand their business models to capture untapped potential—including non-bankable assets (NBAs) that represent a significant and growing part of…
With holistic advice fast becoming the norm, most financial advisors today know their clients better than ever before. And they have to in order to provide the best financial advice possible for a wide variety of life goals. When I ask advisors if they have a “typical” client, they generally say they don’t. Advisors today…
In Accenture’s recent perspective on the new cloud imperative in capital markets, we said leveraging cloud is vital for good performance in a digitized capital markets world. But we also pointed out that we estimate that today only between 5% and 10% of technology solutions across the industry are public cloud based. Why the gap…
The AI strategic imperative Wealth management clients, like customers in many other service-based industries, are increasingly demanding more personalized digitized services. There are trillions of dollars of assets available in the market for those digital-forward wealth management firms that are prepared to go after this opportunity. In short, there’s never been a better time for…
