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Wealth management trends: Embrace disruptions and drive growth with advanced tech
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Wealth management trends: Embrace disruptions and drive growth with advanced tech
NASDAQ CM: GDYN
$20.50
Dec 20, 2024 4:00 PM EST
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quote icon In an era of economic uncertainty and shifting investor demographics, wealth management firms that leverage AI-driven technologies and data-centric strategies will experience exponential AUM growth. The key to outperforming lies in deploying these innovations to deliver hyper-personalized advisory services, optimize risk-adjusted returns, and navigate complex regulatory landscapes. Suresh Nageswaran Senior Director of Technology, Financial
Services, Grid Dynamics

The wealth management industry stands at a pivotal juncture, facing unprecedented macroeconomic challenges and a paradigm shift in client expectations. With the impending $84 trillion Great Wealth Transfer, evolving regulatory frameworks like T+1 settlement, and the rising demand for alternative investments, firms must adapt swiftly or risk obsolescence. This comprehensive e-book dissects five transformative technology trends that are redefining wealth management, offering actionable insights on leveraging AI, advanced analytics, and digital ecosystems to revolutionize operations, enhance alpha generation, and deliver superior client experiences.

From achieving a holistic 360° client view to integrating sophisticated alternative investment platforms, these trends are reshaping the future of wealth management. Download our in-depth e-book to discover how your firm can harness these cutting-edge technologies to drive AUM growth, optimize risk-adjusted returns, and navigate the complexities of today’s dynamic financial landscape.

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AI-powered hyper-personalization

Explore how advanced analytics and machine learning algorithms are driving a 20:1 ROI on personalization investments, revolutionizing client engagement and advisor productivity across the entire book of business.

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Data-driven alpha generation

Delve into the power of unified data platforms and AI-driven asset management, enabling a comprehensive book-wide view that has led to a 77% increase in tailored investment portfolio creation.

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The rise of alternative investments

Understand the critical importance of building robust digital ecosystems for alternative assets, as millennial investors drive allocations beyond the 20% threshold for the first time in history.

Explore these cutting-edge trends which are discussed in depth in the ebook.

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1. 360° client view for total relationship awareness

Integrate structured and unstructured data from CRM, portfolio management, and custodial systems to achieve a holistic client perspective. Leverage natural language processing and machine learning to analyze client interactions, enabling proactive risk management and personalized wealth structuring strategies like Grantor Trusts and SLATs.

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2. Engaging wealth management clients through hyper-personalization

Utilize AI-powered data aggregation tools and APIs to create bespoke risk profiles that transcend traditional categorizations. Implement direct indexing strategies for tax-loss harvesting and ESG alignment, increasing after-tax returns and meeting the growing demand for sustainable investing options.

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3. Augmented intelligence for financial advisors

Empower advisors with AI co-pilots that leverage Large Language Models (LLMs) to analyze market trends, regulatory changes, and client sentiment. This technology enables advisors to provide data-driven, forward-looking advice, with 73% of UK investors already expressing confidence in AI-powered financial guidance.

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4. AI-driven AUM and book-wide view

Harness the power of semantic search and predictive analytics to consolidate household AUM, increasing share of wallet and enabling access to high-value investment opportunities. AI algorithms provide real-time portfolio visibility across diverse asset classes, facilitating strategic rebalancing and risk management.

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5. Creating a digital ecosystem for alternative investments

Develop modern platforms capable of managing complex alternative assets, including private equity, real estate, and structured products. Leverage blockchain for enhanced transparency and smart contracts, while employing big data analytics to uncover alpha in traditionally opaque markets.

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About the author

Suresh Nageswaran

Suresh Nageswaran

SENIOR DIRECTOR OF TECHNOLOGY, FINANCIAL SERVICES

Suresh Nageswaran is the Grid Dynamics Senior Director of Technology, specializing in Financial Services. Suresh brings over 20 years of experience in management consulting, specializing as a financial risk management professional with expertise in market, credit, and operational risk. His extensive background spans asset management, investment management, AI, and hedge funds, showcasing a comprehensive skill set in management and strategy, program/project management, business analysis and requirements…

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