WealthTech signifies much more than merely integrating technology into financial planning. At its core, it embodies a pivotal shift that is radically changing the dynamics of wealth management. Morningstar Wealth , which helps firms build intuitive digital experiences, has released a new white paper exploring the top trends in WealthTech and how aggregated financial data fuels innovation. With the backing of cutting-edge technology, WealthTech has successfully managed to bridge existing gaps, personalise services, enhance efficiencies, and provide comprehensive insights. This tech-centric approach has substantially elevated the experience for investors, advisors, and back-office operations. WealthTech adoption has accelerated over the past few years, helped by several factors. One of the primary catalysts of this surge in WealthTech adoption is the emerging generation of investors. Over the forthcoming two decades, US Gen Xers and Millennials are poised to inherit a staggering $84rtn from their preceding generations. This colossal wealth transfer has, for many, already started. As these investors gain command over their new-found wealth, there is a distinct inclination towards digital instruments. An illuminating study by the global consulting firm EY highlighted that in 2019, a mere 6% of consumers recognised FinTech as their leading financial associate. However, by 2021, this […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
