Wealth Managers Facing Stiff Competition from Technology in Consumer Payments Market : Ken Research REQUEST FOR SAMPLE REPORT Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit The robo-advice space is likely to undergo consolidation, with incumbent wealth managers moving to acquire providers as a means of gaining a foothold in the automated investment space The universal banking model of old is diminishing and many players are stepping back from investment banking. Ken Research has announced its latest publication on, ‘2016: Key Trends in Consumer Payments’, which offers detailed insights into the emerging trends across the wealth management industry. The publication includes various strategies wealth managers may adopt in order to respond to increasing competition. Additionally, the report also examines developments across a number of key strategic areas including regulations, product and services environment and other asset allocation drivers. More specifically, the report analyzes the impact of regulatory developments in the digital space on the business of wealth managers. The publication examines the consequences of commission bans for wealth managers in markets such as South Africa, Hong Kong and Canada. The report bases its findings on Verdict Financials’ 2015 Global Wealth Managers Survey of 343 executives across key areas and reviews the development tracked in the Wealth Management Competitor Tracker of over hundred companies. As the leading wealth management firms across the globe are still reeling under the after-effects for the financial crisis, the traditional banking and investment models are taking a back seat. In fact, the large multi-national players are undergoing significant restructuring of business models in order to adapt to the needs of the new, more digitally inclined members of the Fintech world. Moreover, the wealth managers also face threat of competition from automated players of the digital world such as robo-advisors. Combined together, all the above mentioned factors are forcing wealth managers to rethink their business models and processes in order to sustain the competition profitably. Talking about commission bans, they have pushed the industry towards a more universally applicable fee-based advice model. The ultra-high Net worth Individuals (UHNWs) are the fastest growing segment. Research has revealed that these UHNWs are favoring the new regulatory environment which constitutes of OECD’s Common Reporting Standards and commission bans. The popularity of these can be gauged from the fact that countries like Netherlands, Australia and the UK are no longer outliers in terms of commission bans. On the other hand, countries such as Canada, South Africa and Hong Kong have already accepted commission bans and are on the path of implementing full or partial bans. Over the forecast period, it is projected that wealth mangers need to restructure their business models to be able to retain their clientele. One such move is the consolidation of human wealth managers with the robo-advisors. The incumbent wealth managers are moving towards acquisitions of providers as way of gaining foothold in the automated investment space. Some of the trends governing the wealth management industry: New generation of visionary investors Digital revolution Advent of automated investment services through robo-advisors Challenging investment environment that requires diversification Shifting demographics and age of the investors Key Topics Covered in the Report: The global landscape of wealth management investments industry Global drivers for wealth management investment Competitive landscape of the wealth management industry Detailed profiles of leading players Detailed product environment in the wealth management market To know more on coverage, click on the link below: https://www.kenresearch.com/banking-financial-services-and-insurance/banking/key-trends-consumer-payments/7313-93.html Related Reports: https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/wealth-management-industry-/8488-93.html https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/self-directed-investments-implications-for-wealth-managers/2317-93.html Contact: Ken Research Ankur Gupta, Head Marketing & Communications query@kenresearch.com +91-124-4230204 Tags: Asset Allocation Trends, Developments in Wealth Management Market, Global Wealth management Industry, HNW Portfolio and Equity Market, Industry Competition in Wealth Management Market, Investment Banking and HNW Investors, Recent Developments in Investment Banking, Regulations in Asset Management Market, Securities Market in India, South African Financial Services Board regulations, Technology in Wealth Management Market, Wealth managers Role