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Top 10 Trends in Wealth Management, 2013

Top 10 Trends in Wealth Management, 2013

Change will remain the dominant, overarching trend as we enter year six following the start of the financial crisis.

Boston, January 16, 2013 – A new report from Aite Group reveals the top 10 trends that will shape the wealth management industry in 2013.

Change will remain the dominant, overarching trend as we enter year six following the start of the financial crisis. Regulations, business and servicing models, and operating models are all still adjusting to the post-crisis business environment, and the main goal for many firms is to finally kick their wealth management business into gear and once again accelerate growth.
For 2013, then, Aite Group’s top 10 trends for wealth management are as follows:

     • Re-evaluation of operating and growth strategies—acquire vs. partner
     • Investment advice regulations drive business model changes
     • RIAs reach for greater efficiency
     • Intergenerational wealth management and advisor succession planning in the spotlight
     • International firms reassess international operations
     • External asset managers grow
     • Engaging the active trader
     • Cloud-based trading emerges
     • Politics still matter (U.S. edition)
     • Technology enhances the client/advisor relationship

“Five years after the start of the financial crisis, the wealth management industry is still dealing with the aftermath of the crisis and trying to switch its businesses into growth mode,” says Alois Pirker, research director with Aite Group and co-author of this report. “Uncertainty will persist in 2013 as the wealth management industry waits to see whether investors will finally return to investing and taking on risk.”

This Impact Note is 19 pages. Clients of Aite Group’s Wealth Management service can download the report.