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Digital Wealth Management Strategies

The document discusses implementing digital platforms in wealth management. It covers several topics: - The scope of digital wealth management includes standardizing and personalizing advice, redefining the nature of advice, using multi-channel delivery, and updating technology systems. - Younger generations, like Millennials, are hyper-connected, interested in social investing, and expect faster two-way communication across diversified investment markets. - For wealth managers, differentiators include strong planning tools, behavioral segmentation, holistic planning, tracking goals, using multiple channels, performance measurement, and improving service delivery. Technology enables these through solutions across enterprises.

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Miles Marcom
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130 views11 pages

Digital Wealth Management Strategies

The document discusses implementing digital platforms in wealth management. It covers several topics: - The scope of digital wealth management includes standardizing and personalizing advice, redefining the nature of advice, using multi-channel delivery, and updating technology systems. - Younger generations, like Millennials, are hyper-connected, interested in social investing, and expect faster two-way communication across diversified investment markets. - For wealth managers, differentiators include strong planning tools, behavioral segmentation, holistic planning, tracking goals, using multiple channels, performance measurement, and improving service delivery. Technology enables these through solutions across enterprises.

Uploaded by

Miles Marcom
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd

Implementing Digital Platform

In Wealth Management
Scope Of
Digital Wealth
Management

Standardization and personalization of


advice
Redefining the nature of advice
Multi channel delivery
New service model
Upend their current technology
systems
Millennials
In The Digital Age

Hyper connected
Social investing
Diversified investment markets
Faster, detailed, two-way
information
Familiarity of communication
Critical Role Of
A Wealth Manager

Differentiators:
Strong wealth planning tools
Focus on behavior based segmentation
Holistic and integrated approach to
planning
Tracking and reporting against client
goals
Use of multi channels
Goal based performance measurement
Improving service delivery
Enablers:
Effective use of technology
Cross enterprise multi solution
Adapt Technology That Taps With Advanced APIs

Using Rules engine in pre and post trade risk management;


Compliance reporting and customer preference notifications & alerts
Using Analytics for end user reporting
360 degree consolidated customer view of portfolio
Omni-channel view / Multi channel customer on-boarding
Key Success
Factors

Investment in digital
experience
Mindset change in
Investing in right
infrastructure
Adoption Of
Wealth
Management

Ingrain digital throughout


client experience
Xxxxxx
Xxxxxxxx
xxxxxxx
Timelines and Timeframes
Whats next in wealth
management
Standardization and
Personalization
Channel delivery
Robo Advisory
Cognitive analytics
Rebuild technology platforms
Case study Kotak Bank
Contact us

www.milessoft.com

India UAE Philippines Partner Office Europe


Miles Software Solutions Pvt. Ltd. Miles Software Solutions FZ-LLC Miles Software Solutions Inc. Funds-Axis Limited
B - 801, Trade World, Kamala Mills, 210, Level 2, The Loft Offices, Penthouse Mavenue Building, 7844 31 Southampton Row,
Lower Parel (W), Building# 2, Entrance C, Makati Avenue London, WC1B 5HJ,
Mumbai 400013. Dubai Media City, Dubai, Poblacion, Makati City 1210
T: +91-22-66518400 T: +971 (4) 422 5817 T: +63 2 224 4393 (vOffice) T: +44-7977-250034
T: +63 2 543 1486

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