The COVID-19 pandemic is a profound health and humanitarian crisis that has brought significant economic hardship for many people around the world, and it will continue to impact our lives for many months to come. At the same time though, we have witnessed an incredible spirit of resiliency with communities and companies coming together to…
Private banking 4.0 is upon us. Digital technology and a highly focused business strategy – not so long ago “nice-to-haves” – are both expected to become “must-haves” in this world of discerning and demanding clients. Firms that lag behind could be seeing the results in depressed bottom lines. This is the story to emerge from…
In February 2019 Accenture acquired Orbium, a business and technology consultancy specializing in wealth management in Europe and Asia. At Orbium, our guiding principle remains to focus on what is most important to our clients – their success. This priority continues to guide us as we work with our clients to help them successfully transform their…
What a turbulent start to a new decade! Geopolitical tensions, climate change, volatile markets—how relevant are investor’s financial New Year’s resolutions for the environment we find ourselves in today? I believe that wealth managers need to help their clients find some financial calm in this increasingly unpredictable world by giving clients the advice they crave.…
While it tends to get less attention than digital transformation or product innovation, the decision to self-clear or outsource remains a vital cornerstone of a wealth management firm’s business model in North America. In fact, it’s a major choice that brings with it a range of implications for a firm’s value chain, operating model and…
By 2023, roughly one out of every ten dollars a financial institution earns in revenue will be spent on complying with regulatory requirements.[i] Think about that. But the dollars spent on compliance definitely beat the alternative—money spent paying fines because a financial institution doesn’t adequately meet a regulatory requirement. For instance, the projected spend on…
