Boston, January 19, 2012 – A new report from Aite Group assembles a collection of 10 trends that have the potential to dominate the wealth management industry in 2012.
The wealth management industry has experienced radical changes ever since the financial crisis of 2008, and change will continue to take place in 2012. Many trends impacting the industry this year will affect business models, profitability, investor requirements, and more. Wealth management firms will be required to quickly and frugally rethink the way they do business in order to be successful in a challenging market environment. This Impact Note will discuss the following top 10 wealth management trends for 2012:
• Market reshuffle, continued
• Profitability pressure
• Wealth management revenue for banks
• Business model changes
• Self-directed investing
• A less-than-ideal investment climate
• Copy trading
• Mass-affluent retirement-income initiatives
• Advisors seeking more control
• Mobile initiatives
“For wealth management firms, 2012 is expected to be yet another year in which financial assets fail to show desired growth and investors have little appetite for risk-taking,” says Alois Pirker, research director with Aite Group and co-author of this report. “This type of environment favors firms that already inhabit a strong position in the market. Firms that have the capital and drive needed to innovate and grow in 2012—organically or by acquisition—will be in a great position to further cement their leadership position.”
This 30-page Impact Note contains 13 figures. Clients of Aite Group’s Wealth Management service can download the report.