Innovation in Retail Wealth Management

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Summary This report provides a roundup of innovations within the global retail wealth management market, including subscription models, personalization, and offshore investments.

New York, July 15, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Innovation in Retail Wealth Management” – https://www.reportlinker.com/p06292979/?utm_source=GNW

The number of retail investors grew substantially over the course of the pandemic, with the number of emerging affluent investors rising 18.2% in 2021 alone. Meanwhile, mass affluent investors increased by 8.8% year on year. The larger investor pool has spurred a renewed interest in serving the investment needs of consumers with modest portfolios. A number of fintechs and established wealth managers have rolled out new products, service models, and technology to economically address the investment needs of this growing investor class.

Scope
– 2022 global GDP growth has been revised down from 4.4% to 3.5%. Revisions of a similar magnitude preceded the 2008 and 2020 recessions.
– The subscription model truly arrived in wealth when Charles Schwab adopted it for Intelligent Portfolios Premium – the company’s hybrid robo-advice offering.
– The beginnings of widespread customization of client portfolios was mainstreamed by the deployment of services from major online brokers such as TD Ameritrade.

Reasons to Buy
– Understand the key technology, business models, and channels trends being used to reach out to retail investors.
– Access the latest consumer survey data on evolving channel behavior, provider preferences, and product holdings.
– Access firm-level/case study insights on leading players within retail wealth management.
Read the full report: https://www.reportlinker.com/p06292979/?utm_source=GNW

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