February 10, 2022 – The wealth management industry is facing a host of challenges, including increased client expectations of the digital experience, the loss of customer commissions as a key source of revenue, increased client demand for advice and education, and the emergence of new, more active traders. As a result, both established firms and new entrants must adapt their revenue models to these changing industry economics.

This Impact Report summarizes the key takeaways from Aite-Novarica Group’s 2021 virtual executive forum, “Wealth Management in Transition: European and North American Marketplaces.” It takes a holistic view of changes in client engagement and advice, alongside shifts occurring around portfolio management and product sets.

This 38-page Impact Report contains eight figures and one table. Clients of Aite-Novarica Group’s Wealth Management service can download this report and the corresponding charts.

This report mentions Accenture, Allianz, Bank of America, Black Diamond, Capital Group, CGI, Edward Jones, Envestnet eMoney, Focus Financial Partners, Formue, Goldman Sachs Financial Management, JPMorgan Private Bank, M1 Finance, M&G Plc, MoneyLion, Morgan Stanley, MyVest, NaviPlan by InvestCloud, Old National Bank, Orenda Software Solutions, Raymond James, Refinitiv, Riskalyze, Six, and Societe Generale Private Wealth Management.