Evolving Trends in Wealth Management: Insights for 2020

Explore the transformative trends shaping wealth management in 2020, including the rise of Millennial preferences for digitalization, the increasing influence of high-net-worth women, and the integration of artificial intelligence for enhanced customer service and operational efficiency. Stay ahead of the curve with key insights into the evolving landscape of wealth management

Rise of Millennials and Digitalization

With the transfer of wealth from older generations to Millennials, there's a significant shift towards digital technology in wealth management. Millennials prefer handling financial transactions themselves through digital solutions such as apps

Increasing Number of High-Net-Worth Women

There's a growing segment of high-net-worth women who control substantial wealth. Many of these women have different investment attitudes compared to men and may not trust male wealth managers with their money

Utilization of Artificial Intelligence (AI)

AI is being increasingly employed in wealth management to streamline processes such as know your customer (KYC) and onboarding. The aim is to digitize these processes and offer fast and seamless experiences to clients, particularly Millennials and other younger clients who value convenience