Contact

News & Insights

Grand Cayman wealth management benefits from technology

It is good to see that our competitors are also beginning to cotton on to the benefits offered by technological advances in the wealth management sector, with 60 per cent of wealth managers conceding that fintech poses a real threat to those financial advisors and wealth managers who fail to innovate.

“Sophisticated investors are still willing to pay for expert knowledge and advice, so the human adviser will never be completely replaced. However, the rise of new distribution models and players means the wealth management industry is on the cusp of change,” commented Iain Chidgey, vice president of Delphix, the firm which commissioned the research.

The great thing about wealth management technology is that it offers more for less, improving customer outcomes, enhancing in-house efficiency and increasing client acquisition.

Most important, however, is the way firms choose to implement this innovation; as one of the most comprehensive and experienced wealth management companies around, Blacktower understands that although technology is useful to increase client gains and efficiency, it cannot ever be a substitute for human advice and interaction.

This communication is for informational purposes only and is not intended to constitute, and should not be construed as, investment advice, investment recommendations or investment research. You should seek advice from a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.

Other News

Being multi-lingual is a much sought-after and important skill

Welcome signIf you’ve moved abroad to live as an expat, have you attempted to learn the language? If you do decide to make the effort, then you’ll be learning an extremely valuable skill, one that, as recent research has shown, many Britons are intent on achieving.

In fact, a new poll has suggested that one in five are planning to pick up a new language in 2018.

The survey was conducted by the British Council, the UK’s international organisation for cultural relations and educational opportunities, which questioned 2,109 UK adults. The British Council is hoping that more Brits pick up a second language because it will help the UK to remain “globally competitive post-Brexit”, according to British Council schools advisor Vicky Gough.

Read More

Select your country

Please select your country of residence so we can provide you with the most relevant information: