Wealth Management Trends


The financial crisis that struck in 2008 left all corners of the financial world reeling. As markets, investments, and the investors themselves recover their footing, though, promising trends are on the horizon for wealth managers. Clients in particular stand to benefit from many of the changes in the landscape, according to Aite Group and WealthManagement.com, making this an exciting time to evaluate your wealth management options.

Wealth Managers Focus and Specialize

It may be a global financial market, but that doesn’t mean that every wealth management firm will benefit from expanding into a worldwide enterprise. In fact, some of the industry’s heavy hitters are selling off international interests and consolidating efforts into targeted markets. Wealth managers will reach out to tech companies to create new ways to gather and analyze data, allowing them to develop strategies that cater to their clients’ individual needs and investment personalities. The way firms operate may be slated for change as well, as new tools develop to manage workflow and allow financial advisors to assist a client in all aspects of financial planning and wealth management.

Client Experience Drives Change

Wealth management clients will likely be impressed in the coming months as firms seek to shore up customer loyalty and attract new clients. Expect resurgence in innovation, specifically in technology that places financial planning resources in the hands of clients via web portals and mobile apps. Some forerunners in this trend report giving clients ready access to their financial data frees up wealth managers’ time to respond to client questions and offer financial advice.

The Value of Wealth Management

All of these trends speak to exciting changes in the wealth management industry, but you may wonder why you would even need a wealth manager. The truth is, your Portland wealth manager offers knowledge and expertise that would be difficult for the average investor to match. They have access to financial planning resources and investment options that enable you to realize a better return on your various investments, and work on your behalf so you don’t have to spend all of your free time tracking your portfolio, reviewing financial news, and educating yourself about the stock market, investing, and more. Instead, your wealth manager becomes your partner and the two of you work together to achieve your financial goals.