PUBLISHER: GlobalData | PRODUCT CODE: 1234450
PUBLISHER: GlobalData | PRODUCT CODE: 1234450
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In this report, GlobalData's Wealth Management team consider the key trends and themes that will shape the global wealth industry over the course of 2023. These include ESG, rising inflation, the Russia/Ukraine conflict, and increased adoption of artificial intelligence.
Wealth management is in for another challenging year, which is set to dampen profits and result in many disgruntled clients. Looking at the top trends in the market, there are more challenges and threats than opportunities for growth. Geopolitical tensions, inflation, and the Crypto Winter are all headwinds for the industry. Despite these crisis management issues, wealth managers are still looking to build up capabilities in ESG, expand in key growth markets, unlock the benefits of more personalization, and integrate artificial intelligence within more areas of their business.