Ahead of our Digital Integration in Wealth Management 2017 event we spoke with Wealth Management Analyst Silvana Amparbeng about what she’s looking forward to and how digital developments will shape the financial advice and wealth management industry.
What is happening within wealth management at the moment that excites you?
What excites me most is the current disruption being brought about in the industry by technology, making competition even fiercer when updating online platforms and digital services. Regulation is also challenging the industry, requiring greater standards of transparency. It will be very interesting to see how these two factors integrate and eventually bring long-lasting improvements to the industry.
Which conference presentation are you most looking forward to?
I am definitely excited about attending the “Considering the next generation of robo-advice” presentation by Richard Flax, chief investment officer at MoneyFarm. I look forward to hearing the latest forecasts on the shape that the robo-advisor industry will take over the next few years. Will it reach its climax and slowly fade away, or will it expand further, taking over specific fields of the wealth management industry?
How do you think digital technology will change the wealth management industry in the future?
I expect major changes to affect the advisor/client relationship. Millennials will soon make up a notable part of the market, and the best way to reach them is through mobile applications. Not only can these applications help wealth managers build relationships with younger investors, they can also automate many of the processes that come with managing portfolios.
If you’re interested in attending this event please sign up here.