Product Innovations in Wealth Management Market

Insight Report: Product Innovation in Wealth Management

Insight Report: Product Innovation in Wealth Management is available at MarketReportsStore.com industry research reports collection.

This report analyzes the wealth management sector through the perspective of online innovation, with a focus on innovative online platforms and analytical tools launched during the review period.

It also examines regional HNWI demographics in the Americas, Europe, Asia-Pacific, and the Middle East and Africa proprietary HNWI database comprising 100,000 individuals from the four regions. Product innovation is increasingly becoming the key to gain market share, as web-based wealth management platforms disrupt the business structures of the traditional wealth management market. Key innovative offerings in wealth management include DIY platforms, social media platforms, lifestyle, innovation platforms and targeted innovative platforms. Web-based companies have increasingly penetrated into the market of core HNWIs.

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The report covers the following areas: A global snapshot of the HNWI Market, Market trends in the online wealth management market, Drivers of, and barriers to innovation in wealth management, Attitudes of wealth managers and private bankers to online investment platforms, Web-based wealth management innovations and case studies.

The global HNWI landscape is currently dominated by older HNWIs over the age of 45 years, which account for around 85% of the population. Younger HNWIs aged below 45 years form a minority, with around just 14% of the population. Technological advancements and high internet penetration among young HNWIs are driving innovation in wealth management. Fast DIY service is a key strength of online investment platforms; with lack of personal service their key weakness. Lower technical know-how among HNWIs aged over 45 is the...