We are pleased to announce the release of our highly-anticipated annual report, WealthTech 2024. With contributions from industry leaders such as Objectway, 7IM, Philanthropy Impact, and many more, this report provides valuable insights and perspectives on the latest technology trends and innovations set to shape wealth management throughout the coming year.
This fifth edition of WealthTech 2024 delves into a wide range of topics, including Generative Artificial Intelligence (AI), catering for the mass affluent, investing for good, the retirement gap, data aggregation, content marketing, private markets, technology for recruitment and retention, and technology as a service differentiator. This collection of industry insights offers a diverse and thorough examination of the key drivers of change in the wealth management industry, providing readers with a deep understanding of the forces shaping the future of the sector.
Report at a glance
The report is structured into three main sections: Introduction, Data insights and infographics, and Thought Leadership pieces, including The wealth management offering and The business strategy.
1. Introduction
The WealthTech 2024 report also includes an introduction from us, providing an overview of the current state of play in the market and a summary of the key drivers of change in the industry.
2. Data insights
The report then features an infographic and data insights section, offering readers valuable information on key trends and data points impacting wealth management.
3. Thought leadership
A collection of industry viewpoints focused on technology in wealth management in the year ahead.
3.1 The wealth management offering
This section features articles discussing strategies and technology solutions that can help wealth management firms better serve their clients and adapt to their ever-changing needs. There is a lot of emphasis on leveraging AI and ecosystems and applying a holistic approach to retirement planning and data aggregation is also tackled. Customers needing personalised services with accessible platforms and information and wanting advisers to be knowledgeable and steering them to ‘invest for good’ are also covered.
3.2 The business strategy
Technology tools are more vital than ever to ensure wealth management companies can remain competitive. This section breaks down some of the more important processes of the business that can benefit from technological support. For example, content marketing and prospecting for new clients can be supported with Generative AI, especially once firms have identified their target demographics. There is also a focus on the democratisation of private market investments.
WealthTech 2024 serves as a valuable resource for industry professionals seeking to stay ahead of the curve as the wealth management industry continues to evolve and adapt to the rapid evolution of technology. Whether you are a wealth management firm, a technology provider, or a financial adviser, this report offers essential insights into the latest developments and trends for 2024.
Stay informed, stay ahead, and shape the future of wealth management with WealthTech 2024. We invite you to read and download the full report here.
We hope you find value in this report and look forward to continuing to bring you more insight into technology and wealth management in the future. If you are interested in featuring in the next issue of this report series, please do not hesitate to get in touch at office@thewealthmosaic.com
A big thank you to the report contributors!
The report features insight from Roger Portnoy, Chief Strategy Officer at Objectway; Ben Covey, Managing Director, Private Clients, at 7IM; John Pepin, Chief Executive at Philanthropy Impact; Christopher Baxter, Senior Solutions Consultant at aixigo; Grayson Greer, Managing Director, Global, at First Rate; Emily Traxler, Managing Director, Data Services at First Rate; Rav Hayer, Senior Adviser at Alvarez & Marsal; April Rudin, Founder of The Rudin Group; Hugo King-Oakley, Leader of Private Markets and Community at GPFO; Leo McKeague, Executive Director and Co-Founder of eMFusion Global; Benjamin Quinlan, CEO and Managing Partner at Quinlan & Associates; Chand Sooran, Founder and CEO of EdgeworthBox; and Michael Walford-Grant, Founder of MDWG Consulting.
About The Wealth Mosaic
The Wealth Mosaic (TWM) is the definitive information and knowledge resource for the global wealth management industry. It is founded on a curated, online solution provider directory to close the knowledge gap between wealth management businesses worldwide, the growing technology marketplace, and related solution providers.
For wealth managers, the buy side of our marketplace, TWM is designed to enable discovery of key solutions, solution providers and knowledge resources by specific business needs.
For solution providers, the sell side of our marketplace, TWM exists to support the positioning, exposure and business development needs of these firms in a more complex and demanding market. There is also a growing range of quality supporting content and thought leadership that firmly positions TWM as a market leader at the forefront of community trends and developments.
