New Oliver Wyman wealth management report: Running faster to stand still
July 21, 2016
- Assets under management growth is expected to slow from 7% p.a. over the past five years to 5% p.a. until 2020
- To sustain profitability, the industry will need to redesign the ‘core’ high-net worth service model and digitize parts of the value chain
- The industry should explore new sources of value creation, such as platforms that enable investors to access opportunities such as growth stage financing or direct real estate investments
LONDON, July 21, 2016 – Oliver Wyman today released its first report on wealth management in a new initiative that will become an annual series of in-depth reports on the sector. The aim of the report is to provide insight into the outlook for the wealth management industry at a time of sustained interest in the sector among investors and financial institutions.