London, UK (PRWEB) September 30, 2014
Product innovation has an increasingly important role to play in gaining market share, as online wealth management platforms upset the business structures of the conventional wealth management market. Amid the major innovative product offerings in wealth management one can name social media platforms, do-it-yourself (DIY) platforms, lifestyle, innovation platforms and targeted innovative platforms. Web-based firms have increasingly made inroads into the market of core HNWIs. Younger HNWIs below the age of 45 years represent a minority, with around 14% of the population. Technology breakthroughs and high levels of Internet penetration amongst young HNWIs are one of the main drivers of innovation in wealth management. Fast DIY service is core strength of online investment platforms; with the lack of personal service being their main weakness. Lower technical know-how amid HNWIs above the age of 45 is the bigger barrier for web-based investment platforms. Web-based companies have been capable of breaking into the market of core HNWIs, consisting of lower- and mid-tier millionaires.
New research report “Insight Report: Product Innovation in Wealth Management” drawn up by WealthInsight is now available at MarketPublishers.com
Title: Insight Report: Product Innovation in Wealth Management
Published: September, 2014
Price: US$ 3,800.00
The research study presents a detailed unprejudiced analysis of the wealth management sector through the prism of online innovation, with a special focus on innovative web-based platforms and analytical tools launched in the recent years. The report also provides an up-close look at the regional HNWI demographics in Europe, the Americas, APAC, and the Middle East and Africa. Attitudes of private bankers and wealth managers to online investment platforms are reviewed, as well as discussions of online wealth management innovations and case studies are available in the report.
- Make sound business decisions and create better business strategies using the up-to-the-minute information on product innovation in the wealth management sector.
- Gain a deeper understanding of the drivers of, and limiters to wealth management innovation, along with their implications on the wealth management market.
- Stay abreast of key trends in the online wealth management market, and address each of the trends accordingly.
More new reports by the publisher can be found at WealthInsight page.