The power of connection

From higher client expectations and regulations to digitization and a multitude of emerging technology, the wealth management landscape faces an array of challenges. Throw in the acceleration of industry consolidation, and the complexity multiplies. 

Facing these challenges alone can be overwhelming. But by working together, we can tackle these challenges, elevate the client experience, and drive the industry forward. Peer-to-peer collaboration provides the opportunity to:

• Share knowledge and learn from each other
• Gain diverse perspectives
• Solve problems and share successes
• Identify new opportunities
• Build trust and make long-lasting connections

To promote industry collaboration, we rolled out our Innovation Communities more than five years ago.

Our latest forum brought together more than 50 firms, with 90 wealth management professionals focused on one goal: powering the future of wealth. 

Key takeaways included:

• Data is at the heart of everything we do. Harnessing data to provide better experiences for our clients—and their clients—is key. 
• Keeping pace isn’t just about technology. The right people and processes will be crucial to embracing change and preparing for the future.
• Don’t forget the basics. Though tools are rapidly evolving to help better serve clients’ needs, the basics of the wealth management business remain largely the same. 

Continuous collaboration, experimentation, and learning will help us all stay at the forefront of change to drive future growth—for our clients and the industry.