As the rise of technology continues to disrupt how we do business, it is pertinent that traditional industries such as wealth management must continue to re-evaluate how they utilise technology. Until now, wealth management’s personalised response has relied on human effort. However, with 69% of high net worth individuals using online and mobile banking and only a quarter of wealth managers currently offering digital channels there is an obvious disconnect.
The ‘Sink or Swim: Why wealth management can’t afford to miss the digital wave’ report evaluates the relationship between wealth, technology and the role of the professional wealth managers from research conducted on over 1000 high net worth individuals with US$1 million+ in investable assets in Europe, North America and Asia Pacific.
Gain more insights into the survey findings in our full report and our Asia Pacific highlights.
Globally, technology is a real disruptor altering how we live and the speed with which we engage with one another. But how does this impact wealth management? Until now, wealth management’s personalised response has relied on human effort.
Asia Pacific’s high net worth individuals suggest that consumers will continue to place more value on wealth management’s provision of technological products and services. How can the wealth management industry prepare for this?