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Guide to Modern-day Wealth and Asset Investors

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The post-pandemic industrial world can be defined as a watershed phenomenon for accelerating market evolutions and investment communities for business people -who were aware or were not ready- were compelled to have shifted to a fully digitised era. Being aware of ‘Wealth and Asset Management 4.0’ can help streamline the digital journey of modern investors and business solution enablers. 

Therefore, this article dives deep into the subject to help the reader understand how wealth and asset managers in the digital revolution should be prepared to be resilient to the many changes spurred by the pandemic and compete in this new era while being digitally conscious and responsive to social, demographic, and economic transformations.

First of all: Wealth management VS Asset Management

difference-between-wealth-management -asset-tigernix-australia
Modern-day asset managers tend to personally manage finances but seek professional talents in handling investment portfolios. Still, instead of hiring a single person to do the job, they employ multiple professionals rather than use a single technology solution to manage wealth and assets. The difference between wealth management and asset management can be summarised as follows:
  • Simply said, wealth management is a thorough approach to handling your finances and assets. Its goal is to protect and grow your wealth, including cash and other priceless items you may already own.
  • On the other side, asset management specialises in overseeing investment portfolios. It is a duty carried out by a dependable expert known as a fiduciary who operates in your best interests. Asset management aims to limit risk, develop your portfolio over time, and produce income from your investments.

So What Must The Next Generation Asset and Wealth Investors Do?


The old mean-variance approach, frequently taught to wealth management professionals in CFA (Chartered Financial Analyst) and other programs, has become less and less applicable as investment products have developed and our understanding of customer preferences has improved. Additionally, financial advisors and scholars often need more training in creating a sound asset allocation framework, a conceptually straightforward but practically challenging endeavour. So how can modern-day wealth and asset investors proceed? Here are a few steps you can follow before you swim at the deeper end:

Selecting the Best Investment Types

By allowing your wealth to grow, compound and add value, you can identify the risk tolerance and all investment types to pick your best investment mode. You can learn more about ETFs (Exchange-traded Funds), REITs (Real Estate Investment Trusts), Mutual Funds, Bonds and Stocks and take your pick.

Tailor a Tech-savvy Investment Strategy

Discuss with professionals which investments should be added to your portfolio. Smartly pick the right technology to provide real-time updates and visibility to your core business activities by understanding your pain points.

Diversified Portfolio

Diversification is one of the most crucial factors to consider while investing. Diversification involves distributing your investments among various asset classes and types to reduce risk.

Start Investing

To start investing, choose a brokerage company that best meets your needs. Conduct in-depth research on numerous companies, accounting for costs, investment choices, and customer service. Research is crucial because each form of account has unique regulations and tax effects. After that, decide on your investment approach while considering your objectives, risk tolerance, and time horizon. Choose assets that are consistent with your plan.

Risk Management

You can protect your savings and meet your financial goals by assessing and managing investment risk. However, it is imperative to remember that investing involves risk and that investment returns are not guaranteed. To manage risk efficiently, staying informed, competent, and adaptable is essential.

Research, Monitor and Adjust

You can increase the likelihood of achieving your investment goals by devoting time to conducting in-depth research and critical examination of potential assets. But it’s essential to remember that there’s always some risk involved in investing, and there are no guarantees that your money will make money. It’s crucial to stay informed, competent, and flexible to navigate the investing world successfully. The long-term nature of investing necessitates constant monitoring and the judicious rebalancing of your investment portfolio.

Hear What the Pros Said About Post-pandemic Megatrends of Wealth and Asset Management


An article posted by econsultsolutions.com interviews three industry experts to learn about the most significant disruptions that can affect the wealth and asset management domain in today’s industrial world. They were questioned to probe their awareness of the rise of the new normal and what aspects modern wealth and asset managers should keep a close eye on.

#1 Speaker: TCC Group CEO Mike Park

The wealth and asset management industry, according to the CEO of the TCC Group, was on the verge of transformation. The current trend of “purpose-led” businesses, which prioritise societal good and create social value over pure profit, has the potential to change the face of the sector. This change foreshadowed a significant cultural transition that would soon take place.

The global epidemic served as a devastating reminder of the relationship between business culture and financial success, even though it had long been known. Traditional operations motivated by aims found it challenging to adjust to changing conditions. Companies that had placed a high value on their culture, encouraging teamwork, creativity, and compassionate leadership, fared better during the crisis.

A strong business culture might promote resilience, and success reverberated powerfully throughout the industry. The once-disregarded intangible elements of organisational dynamics are now recognised as essential elements of sustainability. The wealth and asset management industry would need to adopt a new paradigm that combined profit with purpose and acknowledged the transformational power of culture as the CEO reflected on the lessons learnt during the crisis.

#2 Speaker: Chiara Gelmini, Solutions Marketing Lead, Appway

According to Chiara Gelmini, Solutions Marketing Lead at Appway, the financial services sector has faced numerous difficulties lately. A complicated and dynamic disaggregation process impacted the industry’s value chain, channels, data and systems, and regulatory environment. However, the sector was suddenly dealing with a new degree of upheaval, mainly affecting customer satisfaction, productivity, and organisational resilience.

According to Gelmini, 2020, like every catastrophe, has sparked a significant transformation. It was anticipated that the consequences of this crucial year would last for the following five years. The industry would have to deal with the fallout and adjust to the new environment this time of transformation would bring about.

#3 Speaker: Joe Norburn, CEO, Recordsure

The CEO of Recordsure, Joe Norburn, emphasised the pandemic’s significant effects on the financial and asset management sectors. Fundamental adjustments in the industry were required due to the disruption brought on by the limitations on face-to-face interactions between clients and agents. When faced with the difficulty of ensuring company continuity, businesses quickly adopted other forms of communication.

Although need played a significant role in embracing these new client-agent communication channels, they are quickly replacing the previous standard in the sector. They have been widely adopted because of how useful and flexible they have proven to be. Because of this, the conventional dynamics of the wealth and asset management environment are changing, as are how clients and agents engage.

Norburn added that it had become essential to monitor and analyse consumer interactions across all communication channels. Comprehensive oversight of exchanges across several platforms is necessary to ensure fair treatment and adherence to legislation. This increased focus on monitoring and analysis indicates the industry’s dedication to upholding moral standards and adhering to laws in an evolving digital environment.

Future of Wealth and Asset Management

The wealth and asset management sector has substantial development potential and is critical to helping people accumulate wealth despite competition and inflation. Wealth and asset managers should adopt a value-focused strategy that considers clients’ needs and preferences at all wealth levels if they want to see long-term success. By concentrating on value creation, tailoring solutions, fostering solid connections, and implementing a connected strategy to suit customers’ changing needs in the digital age, modern wealth and asset management specialists overcome obstacles and accomplish development.

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