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Don’t go extinct: how wealth managers can remain relevant

Learn what wealth managers need to do to get ahead and stay competitive

How can wealth managers avoid extinction?

How can wealth managers avoid extinction?

Wealth managers wanting to remain relevant must be ready to drive transformation.  8 areas need to be considered when designing an innovation journey. These include;

  • Reframe the business around the customer
    • Wealth managers need to ensure that understanding the customer is at the heart of the business, not as a one-off activity, but as a living process.
  • Strive for data maturity
    • The ability to ask questions from a place of data maturity will be a huge head start in the race to be tomorrow’s wealth leaders.
  • Act like a modern software company
    • Not every firm must start building and operating their own software, but there are ways in which even the least tech-centric businesses can benefit from adopting the methods and tactics of modern software companies.
  • Ready to learn about all 8 areas to focus on?

Wealth managers who are willing to innovate will begin to pull sharply away from those unwilling to change

Andrew WarrenHead of Banking & Financial Services, UKI, Cognizant

Ready to learn more?

Cognizant can help prepare for what’s to come in the wealth management industry