Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Digital Disruption in Wealth Management

553 views

Published on

EY Wealth & Asset Management explores how digital technology is accelerating the transformation of wealth management. Read the full report at ey.com/wealthITsurvey

  • Login to see the comments

  • Be the first to like this

Digital Disruption in Wealth Management

  1. 1. Digital disruption in wealth management Accelerating the transformation of wealth management through digital technology ©2018EYGMLimited.AllRightsReserved.EYGno.00119-184GBL.EDNone. High performers Low performers Spend more on front-office initiatives Outsource more and get more value through business efficiency and growth Have less discretionary IT spend and extract more value % of total IT spend 39% 39% 54% 24% 29% 60% How to win in wealth management higher IT share of cost when platform older than 10 years 1.4x % of business functionality provided Total cost of ownership Top performers also use fit-for-purpose IT platforms 5.9% 8.3% Best-of-breed IT platform Off-the-shelf IT platform Best-of-breed IT platform Off-the-shelf IT platform What do my clients expect in terms of digital capabilities? What can I learn from new digital upstarts? How can I benefit from emerging ecosystems of FinTech providers? Top performers take actions and make investments in areas with the most impact. 60.4% 79.1% Key questions wealth managers must ask themselves Read the full report: ey.com/wealthITsurvey Why incumbent wealth managers must act Emergence of FinTechs as Assets under management growth by robo-advisors every few months of high net-worth clients would value robo-advice 70%2x New competition Source of innovation Collaborators in new business models

×