Are you or your kids the next gen? Is your wealth management aligned with your financial needs.
It is up to the management to use the digital revolution to your benefit.
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With a constant increase in the number of high net-worth investors (HNIs), Indian markets have moved up the ladder of the digital wealth management world. 42% of wealth managers believe that a mix of digital and offline ways of communicating is ideal. Wealth managers should be able to adapt to the changing digital ecosystems of these HNIs who are still under-served by traditional wealth management institutions and yet keep a balance between the two schools of wealth management.
This change in requirements of the HNIs has not emerged overnight, but is a result of changing market conditions and various other factors in the economy.
How digitalization is changing wealth management
Today’s young tech savvy generation looks to conduct all their interactions and transactions online with the help of their smartphones. Digital presence in the investment world has changed the way investors function. It has enabled them to take riskier yet quick decisions with the help of technology. Such an efficient working culture has led to the following changes in the wealth management world:
All in all, investors who are still using the old school methods of working are losing out on tapping various upcoming opportunities to optimize the risk-return profile of their portfolios. So go ahead, all you have to do is make sure you have telephone connectivity and leave the rest on digitally well equipped experts who have their best interest in your growth.
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