Ensuring a Safe Transfer of Wealth

The “great wealth transfer” is poised to be the biggest earthquake to hit financial services in the next few decades. An estimated $30 trillion in assets will be handed from one generation to the next – and banking providers and wealth managers are charged with helping clients grow, preserve and pass on those assets. The challenge: making consumers aware and preparing them to pass on or receive assets.

Institutions that will see the greatest success are those that engage their customers and prepare them for upcoming wealth transfers.

See how one banking provider helped a baby boomer prepare for an impending retirement and to transfer assets to the next generation. Take this journey.

Ebook Wealth for Community Banks

Wealth for Community Banks

Community banks that now focus on financial planning as the hub of their wealth management offerings can more easily attract and retain new customers, as well as create loyalty and cross-sell opportunities. However, without a strategic vision – or the right technology – to fully support financial planning functions, it could prove a greater weakness than opportunity.

Barely 1 in 3 high net worth clients
Barely 1 in 3 high net worth clients
have a formal financial plan.
Whitepaper Three Key Business Outcomes for Managing Your Wealth Services

Three Key Business Outcomes for Managing Your Wealth Services

As the great wealth transfer approaches, the wealth management industry is poised to see amazing growth and expansion, but with this rush of new customers comes new and bigger expectations, especially around technology, data transparency, control and convenience. Wealth managers are likely to face intense competition as the overall industry is primed for outsized growth.

Only 20% of financial advisors
Only 20% of financial advisors
target family members of current clients.
Community Banks Top 4 Growth Strategies Infographic

Community Banks – Top 4 Growth Strategies

Following the financial crisis, many community banks experienced years of stagnated growth, if not full retreat. But now, with the right strategic vision and technology partnerships, community banks have a rare opportunity to quickly catch up to digital front-runners and win over a whole new generation of customers. FIS’ exclusive analysis reveals several growth strategies likely to produce results.

Digital Wealth Management – The Requirement to Compete in Today’s Market

More than ever before, the wealth industry is in constant flux as it adapts to diverse investor needs and digital disruption. This evolution has increased competition and enhanced portability of assets, requiring wealth managers to deliver a higher level of service to keep pace. The necessity to serve investors through the digital channel is obvious; in this white paper, FIS recommends three areas where wealth managers can significantly improve the digital customer experience while driving revenue and lowering expenses.

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