As it is the beginning of the year, a number of research material (ranging from Compeer, PwC and E&Y reports) presented the trends in the industry as well as an overview of what is coming in the market. An interesting article encompassing these findings was recently published in the Private Banker International written by the CIO at Lloyds summarising some interesting points:
- There is an explosion of fintech companies seeking to help provide a competitive advantage
- A rise of the ‘disruptive’ RoboAdviser, although the client’s focus is still on “face to face service”
- A remarkable increase of the middle-class consumers globally
- Users are becoming more ‘tech savvy’
- Innovative technology is essential to keep up with [private banking] clients’ expectations
- Regulatory environment focus on transparency however investment advice and financial planning are still important…
The full article is available on the link above (it requires subscription), written by Markus Stadlmann, Chief Investment Officer of Lloyds Bank Private Banking.
By servicing the Investment Management industry for more than 25 year, Profile Software has developed an extensive network of clients, partners and expert professionals to meet the above requirements while its platforms deliver the functionality needed for remote collaboration, client service excellence, compliance and in some case with no internal IT infrastructure. IMSplus, the award-winning investment management platform, has already been implemented in international wealth management firms accommodating the needs for a competitive client service and advanced operations. Other solutions for wealth management are also available. [Trademarks are property of the respective owner]
