Digital Wealth Management

Submissions are now closed for the 2023 Digital Wealth Management Impact Innovation Awards.

What Is an Impact Award?

Customer needs and expectations continue to evolve, and financial institutions must strive to stay one step ahead. Their capabilities and breadth of product portfolio must go beyond what has traditionally been offered to address new market challenges and capture new opportunities. Datos Insights’s Impact Awards are designed to recognize and celebrate innovation achieved by financial institutions leveraging technology to surpass the status quo. Award recipients are leading the industry by identifying and implementing new products, capabilities, and/or levels of automation and effectiveness that are bringing our industry one step closer to next generation financial services. They are the financial institutions, regardless of size, that others will follow.

Categories for Consideration:

1. Product Innovation: Award for excellence and innovation in the manufacturing and distribution of financial products to consumers by wealth management firms.

2. Client Engagement: Award for excellence and innovation in how wealth managers are interacting with clients, including (but not limited to) client reporting, use of data and analytics to personalize engagement, client portals, next-gen programs—and does not need to be limited to purely digital offerings.

3. Advisor Enablement: Award for excellence and innovation in how wealth managers are enabling advisors to serve clients, including (but not limited to) next best action programs, advisor workstations, sustainable investing platforms.

4. Technology Transformation: Award for excellence and innovation in the successful transformation of all or aspects of a wealth manager’s technology stack that has provided a significant and realized business result.

5. Holistic Advice and Planning: Award for excellence and innovation in how wealth managers help clients manage their balance sheets and plan their financial lives, including but not limited to planning apps, goal-based planning frameworks, and integration of investment planning with complimentary topics (e.g., borrowing, income protection, longevity planning).

6. Wealthtech Startup: Award for excellence and innovation by a recently launched wealthtech firm.

7. Artificial Intelligence: Award for excellence and innovation by a wealth manager leveraging artificial intelligence to provide demonstrated business impact.

Requirements for Participation:

1.  Financial institution offerings that meet the stated criteria of the respective award.
2.  Nominated offerings must be in production.
3.  All nominees must be willing to allow Aite-Novarica Group to publicly announce and describe their initiative should they win.