Fostering Diversity and Inclusion in the Financial Planning Profession
The financial planning profession stands at a crossroads of change. As we push towards creating a more inclusive and diverse… Read More
Insights and best practices for successful financial planning engagement
• Cara Woodland • April 1, 2022
Rapid technological advancement, evolving consumer needs, and economic stimulus all contribute to optimistic conditions in the wealth management industry. Firms have to prioritize growth, innovate, and be prepared to reallocate resources to thrive in this environment. Access the report here to get McKinsey & Co’s guide for the future of wealth management.
After a down year in 2020, last year saw record-breaking M&A activity. Total M&A deal values hit all-time highs of $5.9 trillion in 2021. Companies were motivated to acquire transformative capabilities and remain competitive. See Bain & Company’s fourth annual global M&A report to learn more.
The landscape is changing for RIAs—they’re experiencing differentiation dilution, sparking a potential expansion of services. A number of trends are causing RIAs to reevaluate their position in the marketplace, including a convergence of business models, the wealth transfer, investor influences, and more. Access the report here to learn more.
Among the findings of this nationally representative survey were that 43 percent of Americans hold some amount of cryptocurrency, pointing to the rapidly rising popularity of digital assets. Also, 35 percent of respondents don’t have any investments at all. The survey revealed a number of trends financial professionals should know to serve clients in the age of DIY.
Stay tuned for next month’s financial planning research roundup!
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