Asset & Wealth Management: Top ten trends

November 2024

The asset and wealth management (AWM) industry has been influenced by shifting macroeconomic conditions, geopolitical tensions, and other pressures, prompting a period of introspection and strategic action. The rising expectations among investors, employees, regulators, and society at large have placed significant pressure on asset and wealth managers. They now need to rethink and adjust their operational models to meet these increased demands.

Several global trends with long-term implications are poised to continue shaping the industry for many years. The interplay between these trends is likely to accelerate both the speed and the breadth of change within the industry, particularly in the Asia Pacific region. The next wave of disruption is already underway, necessitating that asset and wealth managers carefully consider a multitude of facets. These include product innovation, distribution strategies, investor segmentation, client experience, integration of emerging technologies, management of cost to serve, and most importantly, the continuous effort to deliver value to investors and shareholders.

In this evolving landscape, asset and wealth managers must remain agile and forward-thinking. They need to anticipate and adapt to the rapid changes, ensuring they not only meet but exceed the expectations of their diverse stakeholders. This will involve leveraging technology, embracing new business models, and fostering a culture of continuous improvement and transparency. By doing so, they can navigate the complexities of the current environment and position themselves for sustained success in the future.