A financial planning platform for students will offer valuable tools to 17- to 24-year-olds and may win their long-term loyalty and retention.

John Lewis will leverage its trusted brand and larger customer base to launch a robo-advisor with JPMorgan-owned Nutmeg, reducing its reliance on brick- and-mortar to drive revenue.

Insider Intelligence’s definition of wealth management encompasses services designed to grow, protect, and pass on a client’s wealth—such as financial planning, tax strategy, retirement planning, and investment management.

Asset management apps’ 200% crypto boost

One of Insider Intelligence’s latest reports discusses how HNWIs’ needs are changing and how technology can enhance onboarding, omnichannel capabilities, and ESG investments.

Charles Schwab’s $200 million fine signals that the industry will face more regulatory pressure to provide greater transparency on fees and portfolio allocations and avoid conflicts of interest.

“Although trust in robo-advisors has increased over the years, it still lags compared with trust in more traditional forms of investment management like in-person advisor services,” Shum said. “However, this may change as more people get comfortable with automation in investing.

A scant 25% of private banking clients in Europe want a fully digitally enabled private banking journey, with remote human assistance when needed, per a Q1 2020 McKinsey study. By contrast, 71% prefer multichannel interactions, suggesting that while the pandemic may have opened the door to digital, there is ample room and demand for personalized experiences. Value-Added Services.

It's considering an IPO to keep its momentum going following a record year supporting wealth managers’ digital transformation.

MoneyLion acquired digital media firm Malka Media to bolster its marketing and boost engagement on its platform.