Innovation in Retail Wealth Management

This report provides a roundup of innovations within the global retail wealth management market, including subscription models, personalization, and offshore investments.

The number of retail investors grew substantially over the course of the pandemic, with the number of emerging affluent investors rising 18.2% in 2021 alone. Meanwhile, mass affluent investors increased by 8.8% year on year. The larger investor pool has spurred a renewed interest in serving the investment needs of consumers with modest portfolios. A number of fintechs and established wealth managers have rolled out new products, service models, and technology to economically address the investment needs of this growing investor class.

Scope

• 2022 global GDP growth has been revised down from 4.4% to 3.5%. Revisions of a similar magnitude preceded the 2008 and 2020 recessions.
• The subscription model truly arrived in wealth when Charles Schwab adopted it for Intelligent Portfolios Premium - the company’s hybrid robo-advice offering.
• The beginnings of widespread customization of client portfolios was mainstreamed by the deployment of services from major online brokers such as TD Ameritrade.

Reasons to Buy

• Understand the key technology, business models, and channels trends being used to reach out to retail investors.
• Access the latest consumer survey data on evolving channel behavior, provider preferences, and product holdings.
• Access firm-level/case study insights on leading players within retail wealth management.