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…
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…
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…
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…
