The Wealth Management Industry is changing. More specifically, the expectations of wealth managers' clients are changing, according to new white paper coauthored by IBM and business intelligence vendor Actuate. Wealthy clients are considering more-sophisticated strategies for managing their assets and as a result, are demanding more from their providers. According to IBM's research, assets under management in traditional eqyity and balanced strategies is declining while alternative investments - including hedge funds and private equity - are gaining in popularity. This trend is exaggerated by what Actuate and IBM refer to as "the Google effect,"The Internet has empowered individuals to track business and market performance in near real time, which has raised the expectations of wealthy clients.
展开▼
