Wealth managers serving the Asian market should know that opportunities exist beyond HNW and ultra high net worth (UHNW) individuals. Specifically, there is a growing mass affluent market to be captured.
We need to make people’s lives easier. By following these simple lines out of Amazon’s playbook, wealth managers can build and retain a practice that will be more fulfilling and able to adapt through time.
Financial advisors need to continue demonstrating value to their clients. That requires their value proposition evolve to keep pace with market trends, changing demographics and business priorities.
Deploying blockchain technology to execute transactions in the financial industry may be an overhyped concept. Or is it? According to a Bain & Company Blog post, “Blockchain in Financial Markets” 80% of financial executives surveyed said that, “DLT will be transformative and will significantly impact markets.”
To hear some of the financial prognosticators speak, you might think Apple, Amazon, Alibaba, Netflix, Google and other Big Tech firms were going to take over wealth management. It is true that their deep technical proficiencies and bandwidth would make it easy for them to enter the financial services field and offer all sorts of automated, online investment-type services.
Anybody who has ever traveled to China probably noticed the popularity of basketball there. However, it may still surprise a lot of our readers from other parts of the world on just how vastly popular the National Basketball Association (NBA) is in China.
Some of the first FinTech robo-advisory services were introduced by North American firms like Wealthfront, Betterment and Wealthsimple. These companies provide automated investment services and personalized advice to investors with smaller assets.
Laszlo Hanyecz is an early Bitcoin developer and somewhat of a legend with crypto enthusiasts. Anecdotal evidence suggests that he is the guy who, in 2010, bought two Pizzas with 10,000 Bitcoins in order to prove that digital currency worked.
