Skip to content
Monday, April 19
  • Reviews
  • Trending Now
  • Don’t Miss
  • This is my next
  • About Us
  • Become A Contributor
Insight Glimpse - Online Review Website For Products & Business

Insight Glimpse - Online Review Website For Products & Business

  • Mobile Phones
  • PCs
  • Software & Apps
  • Technology
  • Electronics
  • Trending Now
  • Don’t Miss
  • Mobile Phones
  • PCs
  • Software & Apps
  • Technology
  • Electronics
  • Trending Now
  • Don’t Miss
Trending Now
  • New Google Features 2021 Rolled Out for Android Users
  • Moto G30 Phone Review: Price, Features, Specs in India
  • Samsung Galaxy F62 Review: Price, Features, Specs in India
  • OnePlus 8 OxygenOS update 11.0.2.2 rollout for OnePlus 8 and OnePlus 8 Pro phones
  • OxygenOS 10.5.5 update for the OnePlus Nord N10 5G phones
  • OxygenOS 10.5.3 update for the OnePlus Nord N100 phones
  • OxygenOS 10.5.2 rollout for the OnePlus Nord N100 phones
  • OxygenOS 10.5.1 update rollout for the OnePlus Nord N100 phones
  • OxygenOS 10.0.1 update for the OnePlus 5 and 5T phones
  • OxygenOS 11.0.1.1 update rollout for the OnePlus 8 and OnePlus 8 Pro phones
Home>>Finance>>These Top Wealth Management Trends 2020 Every Financial Adviser Should Follow
key wealth management trends every wealth manager should know
FinanceTrending Now

These Top Wealth Management Trends 2020 Every Financial Adviser Should Follow

Pranav PrashantFebruary 4, 2020 563 Views

The Wealth Management market is growing at a rapid pace. This very landscape is best known to High Net-worth Individuals (HNIs), big banks, and sophisticated financial planning advisers as a smart way of allocating finances to maintain liquidity and to invest money cleverly for a dominant growth.

As the market matures further with the booming world economy, a great number of people are hiring wealth managers and financial professionals to micro-manage their funds. New Decade brings new trends with itself. As we enter this prosperous New Year 2020, financial planning goals and wealth management are undergoing a remarkable transformation.

20 wealth management trends for financial advisors in 2020 - Top Trends in Wealth Management 2020

Let’s delve deeper into Top Wealth Management Trends in 2020 to watch in this year

1. INTELLIGENT INVESTMENTS THROUGH SMART TECHNOLOGY

The Indian economy has witnessed a rapid growth of 6.74 percent in 2016-17 and it is expected to reach 7.7 percent by 2019-2020 according to the World Bank estimation. As the economy gaining progress in India gradually, investors are getting more desperate to save and invest their disposable income making smart investments popular.

Yes, right from screen-based real-time trading to online trading and then mobile trading, the “smart technology-enabled intelligent investments” are leading the way in the financial ecosystem and driving the industry forward. Blockchain, Cloud Computing, Machine Intelligence, Big Data and Robo Analytics have become the key driving forces, which play an integral role in mitigating the risks in a disciplined and rational manner.

Key Areas of Focus for Wealth Management Firms in 2020 -  Intelligent Investment Strategy - Top Trends in Wealth Management 2020

2. ROBO-ADVISORS IS THE NEXT BIG TREND

With a growing inclination towards the digital revolution and seamless digital portals, Robo-Advisors are taking the center stage in the financial planning and asset management landscape. As we begin the new decade, futurists in the industry believe enterprises may hire mobile and cloud-based Robo-advisors in one capacity or another in the coming 10 years to determine their risk tolerance and formulate an investment strategy.  

3. DEMAND FOR MORE PERSONALIZED SUPPORT IS SKYROCKETING

Yes, it is true. Capgemini reported that in North America “wealth management firms have already made strides in enhancing client experience but can now also focus on equipping their wealth managers with robust tools, especially on the financial-planning front.” Firms having investment management and financial planning services as important offerings in their solution portfolio must focus more on personalized support as client expectations are inching towards higher quality standards.

4. ANALYTICS AND BIG DATA – THE WAY AHEAD

2.8 zettabytes of complex data were created in 2012, and the figure is witnessing an exponential growth to rise up to 40 zettabytes by 2020 – making advanced analytics, MIS reporting systems and data management the dominant players in the next several years to deliver key business insights around client segments, advisor books, product penetration, and training program effectiveness. Nowadays, the WM industry is more focused on delivering more descriptive and predictive analytics to assess existing or potential new clients’ propensity to invest.

disruptive trends in wealth management - Top trends that will influence Wealth Management in 2020 - Top Trends in Wealth Management 2020

5. AI (ARTIFICIAL INTELLIGENCE) WILL TRANSFORM WEALTH MANAGEMENT

The greatest change in 2020 is the emergence of Artificial Intelligence (AI) in the wealth management landscape. Wealth managers are taking advantage of this most responsive innovation to speed up know your customer (KYC), digitizing the onboarding processes and improve customer experience. Firms who are rigid towards AI and not willing to embrace this reality may suffer in the near future.

The Bottom Line

The financial planning and wealth management industry is undergoing a huge shift and it is high time wealth managers, firms, and financial professionals must prepare themselves to meet the evolving needs of the future.

This article is curated from the insights on an article titled: 10 Disruptive Trends in Wealth Management which first appeared on Deloitte.com

Related tags : Artificial IntelligenceFinancial marketstrends 2020Wealth Management Trends 2020wealth managers
Share:

Previous Post

Microsoft Dynamics 365 AI for Business Intelligence : Software Review

Microsoft Dynamics 365 AI for Business Intelligence

Next Post

OxygenOS 10.3.1 Update And Optimized Charging Feature Out for OnePlus 6/6T

OxygenOS 10.3.1 update and Optimized Charging Feature announced by OnePlus in India

Related Articles

Trending Now

Google launches People Card, doppelganger search with Arts & Culture app, Android 11 beta, wearable OS updates

Manu J conformed OxygenOS 10.0.8 (global) and 10.3.1(India) updates for OnePlus 7T in India Trending Now

OnePlus Google Assistant Ambient Mode Update Available

Trending Now

Samsung Galaxy Watch3 launched: Price, Review, features and specifications:

Know more about OnePlus OxygenOS OTA Update 10.5.3 & 10.3.3 Rollout for OnePlus 6, 6T and OnePlus 8 Phones Trending Now

OnePlus OxygenOS 10.3.5 update for OnePlus 6 and OnePlus 6T phones

Verizon and Lenovo launched the world's first Windows 5G laptop: Lenovo Flex 5G ReviewsTrending Now

Lenovo Flex (Yoga) 5G Laptop: The World’s First 5G Notebook

LET’S CONNECT

DON’T MISS

  • New Google Features 2021 Rolled Out for Android Users
  • Moto G30 Phone Review: Price, Features, Specs in India
  • Samsung Galaxy F62 Review: Price, Features, Specs in India
  • OnePlus 8 OxygenOS update 11.0.2.2 rollout for OnePlus 8 and OnePlus 8 Pro phones
  • OxygenOS 10.5.5 update for the OnePlus Nord N10 5G phones
  • OxygenOS 10.5.3 update for the OnePlus Nord N100 phones

TOP TRENDING STORIES

New Android Google Features 2021 Rolled out

New Google Features 2021 Rolled Out for Android Users

Insight Glimpse Editorial TeamMarch 2, 2021
New OnePlus 8 and 8Pro OxygenOS 11.0.2.2 Update rollout in India and World

OnePlus 8 OxygenOS update 11.0.2.2 rollout for OnePlus 8 and OnePlus 8 Pro phones

Insight Glimpse Editorial TeamFebruary 11, 2021
OnePlus Nord N10 Update OxygenOS 10.5.5 rollout

OxygenOS 10.5.5 update for the OnePlus Nord N10 5G phones

Insight Glimpse Editorial TeamNovember 29, 2020
OnePlus Nord N10 Update OxygenOS 10.5.5 rollout

OxygenOS 10.5.3 update for the OnePlus Nord N100 phones

Insight Glimpse Editorial TeamNovember 29, 2020

ABOUT US

Insight Glimpse is a fast-growing outsourcing agency (a part of Peacewell Nutraceuticals) founded in 2014 with a core mission and vision to make clients business transformed digitally. The company provides result-oriented services for content writing, data analytics, secondary research, financial modeling, MIS reporting, Digital Marketing, Online Reviews and Content Operations.

Besides helping clients with strategic outsourcing solutions, Insight Glimpse also offers online review online and help audience to make the right decision. Today, the platform is trusted by more than 1,200,000 visitors every month for best product reviews online published in the form of  indepth product comparisons, buying guides, how-to stories, latest news, useful informative articles, top business reviews, versus stories, FAQs, expert opinions, hands-on reviews and helpful insights from around the world.

Our team is reachable at info@insightglimpse.com

For career related queries, connect with us at hr@insightglimpse.com or call us +91-8076133801

POPULAR TOPICS THIS WEEK

  • Business
  • Don't Miss
  • Electronics
  • Entertainment
  • Finance
  • Life & Style
  • News
  • PCs
  • Reviews
  • Software & Apps
  • Technology
  • This is my next
  • Trending Now
  • Unicorns
  • Upskills
  • watercooler

LET’S GET SOCIAL

Quick Links

Blogarama – Blog Directory

TRENDING NOW

  • New Google Features 2021 Rolled Out for Android Users
  • Moto G30 Phone Review: Price, Features, Specs in India
  • Samsung Galaxy F62 Review: Price, Features, Specs in India
  • OnePlus 8 OxygenOS update 11.0.2.2 rollout for OnePlus 8 and OnePlus 8 Pro phones
  • OxygenOS 10.5.5 update for the OnePlus Nord N10 5G phones
  • OxygenOS 10.5.3 update for the OnePlus Nord N100 phones
Copyright All Right Reserved by Insight Glimpse | WordPress Theme Ultra Seven
  • About Us
  • Privacy Policy
  • Terms of Use
  • Home
  • Blog
  • Become A Contributor