As the great wealth transfer gets underway, an estimated $30 trillion is set to change hands. Mobile-first connectivity fuels client expectations, and wealth managers will likely face intense competition as the wealth industry prepares for outsized growth. That’s why it’s important for institutions to prioritize initiatives that allow them to run efficiently, connect with customers in more meaningful ways and grow smartly.
As more consumers seek wealth management products that are easy to understand and use, community banks can deploy their capabilities and reputations for personalized service to not only win more customers, but also manage more of their assets.
Following the financial crisis, many community banks saw years of stagnation, if not full-on 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.
