The Future of Wealth Management
It’s easy to imagine that by 2030, investors will use wearable technology to track progress relative to their goals, just as we monitor our health today with fitness trackers. This would not eliminate the role and value of advisors. Rather, it would shift the focus toward developing comprehensive financial plans, establish-ing realistic objectives, implementing investment strategies, and monitoring progress toward goals. This is because technology is not a replacement for good advice—it’s a tool to provide efficiency and valuable information to help investors achieve desired outcomes.
Investments & Wealth Monitor July/August 2021 Issue
“By 2030, at least 80 percent of advisors will offer goal-based advice, and about half of clients will actively pursue and track bite-sized goals."
This issue of the Investments & Wealth Monitor explores new and upcoming trends in wealth management.
Our industry is constantly evolving the ways that we serve investors, the tools and techniques we use to invest portfolios, and the skills and acumen necessary to flourish in an ever-changing world. Insights about the industry’s future.
The contents of this article have also been converted into a webcast. Watch and listen as Bob Powell and I discuss the future of wealth management in the latest episode from TheStreet.com