Product Type: Market Research Report
Published by: TowerGroup
Published: December 2007
Product Code: R301-1376Description Firms in the brokerage and wealth management industry frequently ask TowerGroup analysts, "What will the key business drivers be in the coming year?" and "How should I respond?" Software vendors and consulting firms ask, "What are firms' technology priorities?" These questions are particularly relevant for 2008 as retail investors face personal financial complexity and financial institutions focus on becoming more client-centric. To help the industry chart a course for 2008, TowerGroup has compiled the top 10 business drivers and the resulting top 10 strategic responses and technology initiatives based on our own best view of the industry and conversations with industry leaders.
Table of Contents - Report Coverage
- Analysis of Key Issues
- The Top 10
- Exhibit 1 Top 10 Business Drivers, Strategic Responses, IT Initiatives in Brokerage & Wealth Management (2008)
- Exhibit 2 Sample Mapping of Top 10 Business Drivers for Brokerage & Wealth Management (2008)
- Business Driver 1: Demographic Trends/Segmentation/Retirement
- Business Driver 2: Pricing Pressure/Rising Cost
- Business Driver 3: Consumer Profile (Pressure)
- Business Driver 4: Competition for Holistic Wealth Management
- Business Driver 5: Advisor Productivity/Profitability
- Business Driver 6: (Return to Focus on) Share of Wallet
- Business Driver 7: Regulation
- Business Driver 8: Transfer of Responsibility/Liability to Individual
- Business Driver 9: Consolidation - Segment Maturation
- Business Driver 10: Product Performance
- Business Driver Wildcard: U.S. Election Year
- Recent Trends and Predictions for the Future
- Summary
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