Why wealth managers will find it increasingly difficult to differentiate and control their costs unless they embrace a more flexible, collaborative model.
We have seen how COVID-19 has accelerated the need for digital technologies within the Wealth Manager market as firms are being challenged to step up and meet rising client expectations. The current situation has also made it much harder for firms to differentiate themselves, which is increasing competition in the market, and pushing them to be more open, agile and collaborative in order to maintain business levels and retain client relationships….