It is predicated that the fiduciary rule in the US will mean mass affluent clients miss out on financial advice, just as they did in the UK following the Retail Distribution Review. Wealth managers must respond by filling this advice gap with technology-led solutions such as robo-advice

Crypto currencies are surging in popularity and wealth managers must decide whether to act now to take advantage of the opportunities or to play it safe and wait to see how things develop

Integrated business models which are aligned with client needs are more likely to boost assets under management and wealth manager’s profits

Wealth managers are both trying to manage the fortunes of millennial gamers and incorporating gaming elements into their own offerings

High net worth individuals are increasingly likely to move around, but wealth managers are falling short when it comes to offering international services

Many entrepreneurs see social impact as a part of what makes their businesses successful. Wealth managers can help, for example by providing access to socially responsible investment vehicles and demonstrating the financial case for impact investing 

Technology has helped private banking to implement efficiencies and cut costs. But it is proving much harder to boost profitability

Wealthy individuals are conscious of having to prepare for the unexpected, though many possess an incomplete understanding of risk profiling and processes. Their advisers need to bridge this gap