HOLLYWOOD, Fla. -- Banks continue to lose out on the wealth management opportunities in front of them. That was one of the takeaways from a session at BISA's annual conference here moderated by Amanda Smith, senior vice president and head of marketing for Fidelity's National Financial.
Fidelity conducted a survey that found bank executives expect wealth management revenue to increase 25% by 2018. And there's good reason for high hopes. High-net-worth customers have more confidence in banks than brokerages, she says. And mass-affluent customers are more likely to consolidate their banking and investment relationships with one firm.
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