Citisoft's Steve Young recently authored an article for the Global Banking & Finance Review on disruption in the wealth management industry. While changes in the broader asset management industry suggest that evolution in wealth management is inevitable, what's unclear is whether small, large, or new firms will be the ones to shake up the industry, and how this change will come about.
"I believe that disruption will come in potentially one of two ways. Real disruption will come when large, global wealth managers introduce new operating or business models that fundamentally change how the industry works," Steve commented. "At the smaller end of the market, disruption will come through how wealth managers service clients, through the increased use of robotics and other technologies to enhance the customer experience, or via specialist products to address niche markets."
For Steve's insight on how tech, culture, M&A, and more are contributing to the need for disruption in the wealth management industry, read the full article.
