Jim Combs, Contributor, September 27, 2018
For an industry so laser focused on carving assets away from vulnerable rivals, a lot of wealth managers remain shockingly exposed to the market cycle and shifts in the technological landscape.
When the market swings, their AUM shutters. And when next-gen providers emerge promising to do the job of managing client portfolios cheaper and at a greater scale, profit margins race to the bottom.
This doesn’t have to be you. If you recognize your competitors in this discussion, that’s great. Their strategic weakness is your opportunity. READ MORE.