What's Stopping You? Solving the data-value equation in wealth management

What's Stopping You? Solving the data-value equation in wealth management

There’s been talk of becoming data-driven for 5+ years now, but we’re still a long way off. Getting data right will transform the speed and quality of wealth and advice services, freeing RMs to focus on real relationships, and paving the way for automation in everything from compliance reporting to planning advice and discretionary portfolio management. What’s standing between us and this bright future? What do we need to do that we’re not doing?

Get the value from the strategy

Data must be central to business strategy, and this will require a cultural shift at the heart of the organisation: being data-driven is a mindset, not just a question of tools and technologies. How do you ensure your data and business strategies are aligned so that you’re poised to exploit the next wave of industry innovation?

Customer (data) first

To provide the best experiences, service providers will differentiate themselves with an increasingly granular understanding of the customer, and the ability to turn that understanding into actionable insights and personalised advice. This is the realm of open banking, predictive analytics, and AI. Where are you on the path to data-driven personalisation?

Core capabilities

You need data-driven insights. But it’s not easy if you have poor quality data, a lack of process and disparate, legacy source systems. How do you build maturity in data management? Which core capabilities will lay the best foundation to get the most out of your data?