Datos Insights recognizes seven innovative financial institutions leveraging best-in-class initiatives.
Boston — Datos Insights has announced the winners of the 2024 Digital Wealth Management Impact Awards. The awards, which were presented during the Wealth Management Forum in New York on October 10, recognize and celebrate the industry’s best and brightest financial services firms across seven dynamic categories.
In its fifth year, the awards program honors innovations achieved by wealth management firms leveraging technology to surpass the status quo. Award recipients are leading the industry by identifying and implementing new products, capabilities, or levels of automation and effectiveness that are bringing our industry one step closer to next-generation financial services. They are the wealth management firms, regardless of size, that others will follow. The winners across the seven categories are as follows:
- Client Engagement, Client Experience: Fiduciary Trust International
- Client Engagement, Prospecting Technology: Merrill Wealth Management
- Advisory Enablement: Morgan Stanley
- Technology Transformation: Stonehage Fleming
- Wealthtech Startup: Jump
- Artificial Intelligence, Customer Engagement: LPL Financial
- Artificial Intelligence, Data Management: Money Concepts
A panel of four external experts on digital wealth management agreed to judge the nominations based on the following criteria, which were considered when scoring each entry:
- Level of innovation and competitive advantage
- Market needs assessment
- Impact on customer experience
- Impact on customer operational efficiency
- Level of new revenue opportunity for the organization
- Impact on customer retention/new customer attraction
- Level of scalability across customer base
- Future roadmap
“The 2024 Impact Award nomination process was special for so many reasons. For one, the nominees deftly presented leading real-world illustrations of innovation across a wide scope of traditional and budding categories. Our judges had tough decisions to make, particularly given the considerable number of nominations that came in and their exceptional quality. It was also particularly striking to see just how much care and diligence went into the submissions. One of the fascinating results of the process was a clear visualization of the efforts wealth management firms are executing with respect to advisor enablement, overall technology transformation, and artificial intelligence.” says Datos Insights Strategic Advisor, Wally Okby. “With that, we have every reason to feel optimistic about the innovations leading the way forward to scale wealth managers’ businesses.”
The identification of a Datos Insights award winner or finalist is not an endorsement by Datos Insights of any vendor, product, or service.
To request additional information about Datos Insights’ Wealth Management Impact Awards, please contact us at [email protected].
About Datos Insights
Datos Insights delivers the most comprehensive and industry-specific data and advice to the companies trusted to protect and grow the world’s assets, and to the technology and service providers who support them. Staffed by experienced industry executives, researchers, and consultants, we support the world’s most progressive banks, insurers, investment firms, and technology companies through a mix of insights and advisory subscriptions, data services, custom projects and consulting, conferences, and executive councils.