Tech for the Ultra-High-Net-Worth Client

Tech for the Ultra-High-Net-Worth Client

The prevailing sentiment for years has been that tech tools in wealth management are primarily designed for the mass affluent. These are clients who don’t need to meet with an adviser regularly and can use automated digital services for much of their needs. But for high-net-worth clients, the human touch was still needed, the thinking went.exaggerated. Still, the old days of banks just plastering new branches everywhere as if they were billboards are surely over.

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Fintechs and Financial Institutions: Together Forever?

Fintechs and Financial Institutions: Together Forever?

In the early part of this decade, fintechs were viewed by some traditional financial institutions as barbarians at the gate, eager to take customers away. Fintechs, for their part,  frequently talked about “disrupting” the financial industry and doing things digital-first, not being held back by legacy technology or processes.

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Why Can’t Banks Sell Things Digitally?

Why Can’t Banks Sell Things Digitally?

Virtually anything today can be purchased with the tap of a digital button on a smartphone. Groceries, pet food, toilet paper, stocks, cars and even therapy sessions are among the myriad items you can buy at the click of an app. Yet, how many financial institutions allow a consumer to apply for and receive, say, a small business loan entirely through digital means? The answer is very few.

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