The ability of individuals across different income and wealth tiers to access the financial markets has massively increased in the last two years bolstered by technology innovations, the proliferation of data and an expansion of the types of financial products available. That is what you could describe as a democratization of wealth management.
This also created a wide array of personalization that's available today to investors. Personalization around setting goals and the type of content an investor wants to receive or the type of products one could access. But on the flipside, there is today a nearly overwhelming amount of information available that clients—whether experienced or first-time investors—have access to.
Scott Reddel with Accenture and the World Economic Forum’s Matthew Blake explain the driving forces behind this democratization of wealth management and what it means for the industry and the society.
Scott and Matthew will discuss:
· What democratization is and what is driving it?
· What does it mean for the products and services that exist today?
· How the world of advice might be changing?
Listen to the podcast Wealth Management for All.