The wealth management industry has experienced significant change over the past few years, due partially to the COVID-19 pandemic. The effects of the ongoing Great Wealth Transfer, as well as the continued digitization of every facet of our lives, have also contributed to the industry’s rapid evolution, especially when it comes to what investors are looking for from financial professionals.
We believe the five most impactful trends in investor expectations, demographics and behavior set to shape the future of wealth management include:
* More people searching for financial advice
* An increase in direct brokerage accounts
* Mainstream demand for direct indexing
* The expectation of a more personalized experience
* Women as the next phase of growth in wealth management
To learn more about each of these trends, as well as what advisors can do to prepare and future-proof their practices to meet them, access our blog article, Five Investor Trends Set to Shape Wealth Management in 2023.
