The requirement for a more immersive and complete client experience is reaching a tipping point, argues John Wise, so the wealth management sector needs to adapt to investors' digital communication preferences
People are now far more digitally savvy, communicating in a myriad of ways online. Advisers need to fall in line with this behaviour and yet, as PwC points out in its 2016 report Sink or swim: Why wealth management can't afford to miss the digital wave, only 25% of wealth managers offer a ‘digital experience'. Or, to put that another way, three-quarters of advisers across the world communicate with their clients almost exclusively through emails - from reports to advice to general messages. The industry is lagging behind, failing to keep up with trends in the way people communicate. Y...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes