Press release
Advisors Share Market and Business Outlooks, Focus on Client Experience in the New Year
SEI Study: Astute Investors May Continue to Shape Advisory Firms in 2020
OAKS, Pa., Dec. 17, 2019 – A new study conducted by Independent Advisor Solutions by SEI (NASDAQ:SEIC) highlights changing demographics and investor demands as top factors shaping the financial advice industry in 2020. The research explores advisors’ outlook on various market, client and business factors heading into the new year.
“While advisors have acknowledged the need to adapt the client experience in order to survive in the future and meet evolving investor demands, our research shows the strategy to do so remains an elusive target today for most advisors,” said John Anderson, Head of Practice Management Solutions at Independent Advisor Solutions. “Despite this, advisors seem optimistic, yet somewhat cautious about the future and the prospects it may bring.”
Market Outlook
Client Experience
Business Outlook and Competitive Landscape
Methodology
SEI conducted the financial advisor survey online from Dec. 2, 2019 to Dec. 13, 2019. The survey generated responses from 400 independent financial advisors, representing clients and non-clients of SEI.
Independent Advisor Solutions by SEI provides independent financial advisors with wealth management services through outsourced investment strategies, administration and technology services, and practice management programs. It is through these services that SEI helps advisors save time, grow revenues, and differentiate themselves in the market. With a history of financial strength, stability, and transparency, Independent Advisor Solutions has been serving the independent financial advisor market for more than 25 years, has 7,400 advisors who work with SEI, and $67.7 billion in advisors’ assets under management (as of Sept. 30, 2019). Independent Advisor Solutions is a strategic business unit of SEI. For more information, visit seic.com/advisors.
After 50 years in business, SEI (NASDAQ:SEIC) remains a leading global provider of investment processing, investment management, and investment operations solutions that help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth. As of Sept. 30, 2019, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages, advises or administers $1 trillion in hedge, private equity, mutual fund and pooled or separately managed assets, including $335 billion in assets under management and $662 billion in client assets under administration.
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