Intergenerational wealth transfer can be captured with tech
Engage younger investors on their terms
Engage younger investors on their terms
Advisor time constraints, attrition are controllable factors
This growth opportunity requires freeing advisors from time constraints and meeting demand for hybrid advice
New regulations come with cost but also opportunity
Several factors, including regulatory enforcement and improved productivity, are driving a surge in adoption
Opportunities and challenges must be weighed
Tech-assisted recommendations can improve client outcomes
An InvestorCOM analysis of KYP outcomes provides positive evidence
Position yourself to effectively address clients’ evolving needs and expectations
This emerging model requires investment in integrated tech
Tech can help protect firms and advisors against two key risks
Tech adoption isn’t optional given client expectations and trends
Leverage digital momentum to capitalize on trends
Tech frees advisors to focus on building successful practices
Client attrition trends and regulatory reform demand digital adoption
Firms that deliver on digital documentation and disclosure will reduce audit risk
Tech helps preserve product choice
Why segmenting product shelves into peer groups can help meet regulatory challenges
Reducing product offerings for the sake of KYP is unlikely to serve the investor’s best interest
Regulators will expect an advisor’s analysis to be documented and sufficiently thorough
Frictionless, relevant disclosure is critical to building trust with clients
The pandemic has made digital transformation a top priority
Advisors may have to consider 1 million data points per day when the CFRs come into force
Effective compliance measures mean you’re less likely to lose clients
Advisors and dealers are rethinking their pre-coronavirus routine of serving clients from their offices