While wealth managers should be commended for rapidly engaging clients in new virtual ways and safeguarding clients’ portfolios during these uncertain times we see three larger challenges they must address.
Wealth management firms that have invested in technology have seen their efforts pay off. Financial advisors and their clients are happy. But those that have failed, or fallen short of expectations, have seen their frustrated financial advisors looking to take their business elsewhere.
80% of “Sandwich Generation” adults—those raising children while providing care for older relatives—say the pandemic has left them feeling “often or constantly” overwhelmed, according to a national survey.