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Wealth management services are provided by banks, professional trust companies, and brokerages. The "High perceived value" of wealth management has more attraction than the "Low cost transaction" for the retail market. Wealth management means taking care of the needs of clients, their families and their businesses as part of a long-term, consultative relationship. It's best conceptualized as a platform where a number of different sets of services and products are provided. This brings unique challenges for the service provider and opens up immense opportunities for IT players to offer solutions which can cater to the entire life cycle events of wealth management offerings. All in all, this is just the beginning of the new gold rush.

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Format:PDFSize:359 KB
Date:Jan 2009
Pages:5

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