6 Questions
What is a key driver behind the changing landscape of wealth management?
Increasing customer expectations, particularly from the new generation inheriting and producing wealth.
How are robo-advisors expected to impact the wealth management industry?
Robo-advisors are forecasted to be managing more than 10% of global wealth in the near future.
What role does analytics play in the wealth management industry?
Analytics provides important insights that help wealth management companies provide appropriate investment recommendations for their customers.
How do social investment platforms benefit investors?
Social investment platforms allow investors to copy successful investment strategies without having to pay for the cost of specialists.
What is the purpose of personal finance management tools in the wealth management industry?
Personal finance management tools allow for the creation of an aggregate view of investment accounts and provide an end-to-end view of a person's financial situation.
According to the passage, which group of professionals is facing challenges in the wealth management industry?
Old-school advisors are retiring, presenting challenges in the wealth management industry.
Test your knowledge on the changing landscape of wealth management including the rise of robo-advisors, evolving customer expectations, and the impact of new technologies. Stay updated on the latest trends in the financial industry!
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