The wealth management industry is headed toward a consumer-focused business model and the trend will only be accelerated by disruptive technology giants.
The combination of the consumer data right legislation and distributed ledger technology will give consumers the ability to control their wealth management data, taking power away from product providers.
The makeup of staff in advisories will need to radically change as more affordable cloud-based computing speeds up the advice generation process, according to Finura Group.
Open data ecosystems designed by tech giants will drive down the time taken to produce advice, and the most important decision an advisory can take is choosing to adapt with it, according to Finura Group.
/PRNewswire/ Ally Financial Inc. (NYSE: ALLY) President of Ally Lending, Hans Zandhuis, will present at the Citi 2021 FinTech Virtual Conference on Tuesday,.