Services include financial planning, tax strategy, retirement planning, and investment management. High- and ultra-high-net-worth individuals (HNWIs and UHNWIs) are two lucrative demographics for wealth managers due to their investable assets.

Ranks of new customers are dwindling, jeopardizing US robo-advisors' ability to attract new wealth. This report details how robo-advisors can expand into new products and services to boost customer acquisition and revenues.

Learn about how digital brokerages are changing and what's going on in the robo-advisor space. "In Other News," we discuss how banks should address personalization and how digital engagement with wealth management is changing. Tune in to the discussion with our analyst Michael Tattersall.

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.

Despite app satisfaction growth, wealth managers trail banks’ and insurers’ satisfaction scores—but access to advisors and education could help them make up ground.

Neo Financial will offer regular investors exposure to cryptos, real estate, and hedge-fund style approaches.

Banks face growing pressure from shareholders and customers to take more action on sustainability. While transitioning to a greener business model will be challenging, banks have a plethora of strategies to choose from.

US digital brokerages’ new user growth ticked up from 2019 to 2021. But growth will nosedive in 2022 and 2023, forcing digital brokerages to find new revenue growth strategies.

Across generations, retirement is the No. 1 investing goal in the US. That said, Gen Z is far more likely to focus on getting rich or learning to invest than older age groups. While 81% of baby boomer investors have their eye on retirement—no surprise as they approach that milestone—just 35% of Gen Z investors consider it their main priority.

The majority of US consumers are shouldering loan debt, with 61.1% holding one or more loan accounts with an outstanding balance. The most common types of accounts to have an outstanding balance are mortgages (33.3%) and auto loans (31.0%).

Despite the record-setting value and amount of venture capital deals for fintechs last year, momentum stalled during Q4. In Q1, investors appear more selective.

Spurred by shifts in customer expectations, incumbents will race to personalize services and enhance distribution strategies. Fintechs will focus their attention on tapping opportunities that first emerged in 2021.

As banking companies focus on meeting heightened consumer expectations for personalized experiences, 2022 may be another record-breaking year. These players will need to weigh partnerships with encroaching Big Tech competitors.

The news: The Universities Superannuation Scheme’s (USS) investment management arm announced £5 billion ($6.4 billion) of its £82 billion ($110.62 billion) assets under management (AUM) will now have a climate tilt. The USS is the UK’s largest private pension scheme, provided by staff of UK higher education institutions.

In the US, higher-income millennials are more likely to own cryptocurrency than their lower-earning peers. Some 61% of those making at least six figures per year own crypto, while just 25% of those earning less than $50,000 hold Bitcoin or the like. Gender plays a role as well—half of millennial men hold these digital currencies, while only one-fifth of women in that age group do so.

Chainalysis recommended steps for fighting sanctions evasion and long-term measures to revamp how the government addresses crypto-related crime.

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.