These Top Wealth Management Trends 2020 Every Financial Adviser Should Follow

The Wealth Management market is growing at a rapid pace. Let’s delve deeper into Top Wealth Management Trends in 2020 to watch in this year.

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


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


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.  


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.


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


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

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