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…

As I scanned MarketWatch recently, I was struck by what “Scared to be penniless” had written to The Moneyist, the site’s personal finance editor: “Here I am at 65 and ready to finally retire and I’m scared that I will become penniless.” As I read on to find a paid-off mortgage, a military pension, health…

In wealth management, we focus heavily on client milestones—the just-married couple, the single female buying her first home, clients ready to retire, etc. But there’s a demographic I’m seeing that’s often overlooked in the current models: Fifty-somethings. Far from “just starting out” yet not “ready to retire,” this group is looking out for a more…