Predictions Report

Predictions 2023: Wealth Management

Wealth Managers Will Acquire A Broker Following The Crypto Shakeout, And Investors Will Look For More Advice

October 31st, 2022
Vijay Raghavan, Senior Analyst
Vijay Raghavan Senior Analyst
With contributors:
David Hoffman , Manuel Geitz , Aaron Suiter , Jen Barton

Summary

Continued market volatility will send investors back to wealth management firms with strong advisory capabilities. An upstart broker, weakened by the cryptocurrency shakeout, will get sold to a firm looking to add a younger, digitally savvy demographic to its customer base. Inflation scares and new legislation will drive 20% of US retirement plan assets into annuities paying a reliable income. At least one wealth manager will begin offering NFT-related services to their customers. This report outlines our predictions for wealth managers in 2023.

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