Close
White Paper

The Next-Generation Wealth Advisor: Harnessing Data and Technology to Drive Business

A roadmap and business case for wealth advisors looking to both realign and digitally transform their practices.

The Next-Generation Wealth Advisor: Harnessing Data and Technology to drive business

In 2017, ESI ThoughtLab and Broadridge completed a landmark study on digital transformation in wealth management, surveying 1,503 investment providers worldwide in different sectors, including 250 wealth advisors. We have drawn on data from these surveys for this white paper.

As the investment industry reinvents itself for a digitally-connected world, wealth advisors must also radically reimagine and retool their businesses. Unfortunately, many have not moved quickly enough — or at all — to make the necessary changes, putting their future market position at risk. 
 
ESI ThoughtLab and Broadridge provide a roadmap and business case for wealth advisors looking to both realign and digitally transform their practices. 

Topics include:  

  • Looking at an industry in flux – A look at economic, demographic and technological shifts that will have major implications for wealth advisors.  
  • The preparation of advisors – Many firms are struggling to keep up with the speed of change and are not prepared in several crucial areas.  
  • The next-generation advisor – How to stay relevant in the digitized marketplace by rethinking advisor roles and how they drive value to investors.
  • How to drive transformation with technology – For advisors, technology can present both disruption and opportunity as it raises investor expectations and provides a new way to meet client needs. 
  • The ROI of digital innovation – Although getting up to speed on technology can be challenging, the payback can be significant. And advisors who move too slow will pay a steep "laggard penalty."
  • Calls to action – Based on ESI ThoughtLab’s research and input from Broadridge experts, we have framed six calls to action to help investment advisors adapt to new market realities.

READ THE WHITE PAPER