167. Insights: A Wealth of Disruption - How Wealth Management is Changing

51min listen

Simon Taylor heads up an insights show focusing on wealth management, what it is and how it differs from asset management. He is joined by special guests Joe Parkin, Gemma Godfrey, Phil Smith, Olivia Vinden & Gareth Johnson.

In the first of our three-part series on investments, Simon Taylor is joined by special guests Joe Parkin, Gemma Godfrey, Phil Smith, Olivia Vinden & Gareth Johnson.

We kicked things off by asking our panel what IS wealth management? How does it differ from asset management and what does the future of the industry look like?

Our guests have a wealth of experience (pun intended) in this industry, and tried to dissect the role of the wealth manager and how technological evolutions will transform this space. We discuss whether or not digitisation of the role would to some extent mitigate the human element behind wealth management, and how exactly this will alter the customer relationship.

DLT, Machine learning and AI are all buzzwords, but how could these growing areas of innovation change wealth management? How will data, in tandem with these technologies successfully make wealth management for more accessible to the consumer? The panel discuss how these areas could benefit the industry, offering some very interesting insights.

Finally, we explore how changing demographics - both managers and customers - alter the approach to wealth management? It's incredible to think that many children born today, will live close the age of 100. This changes the approach from a wealth management point of view, but also increases the range of people who will understand future technologies that will have a vital role to play in this area.

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Special Guests: Gareth Johnson, Gemma Godfrey, Joe Parkin, Olivia Vinden, and Phil Smith.