The wealth management industry is undergoing significant changes. Business models are shifting from commission-based to fee-based, fiduciary models and intuitive digital tools are now a minimum requirement from both clients and advisors. In addition, new-entrant growing pains are posing a challenge to the industry. Wealth management firms now need to become more client-centric to meet their clients' demand for increased personalization.Download this solution brief to find out how wealth management firms are creating more meaningful connections using cognitive analytics to better service their clients, scale their businesses and capture the next generation of wealth.
Understanding pro-rata rules can ensure that a client only pays their fair share to the government. Plus, these retirement preparations can boost returns and a look at when spending means better planning.