The health and performance of the asset and wealth management industry is inextricably linked to that of the broader economy. As such, it is already evident that the impact of COVID-19 will be protracted and severe.
As is the case in other sectors, the pandemic is unlikely to fundamentally change business models beyond recognition. But short-term disruption and volatility, and the resulting challenges and changes can certainly provide a catalyst for positive, long-term evolution across the asset and wealth management industry.
Our experts discuss how the industry must find ways to balance the demand for flexibility and security, and innovate new products that reflect changing customer needs and attitudes.
“COVID-19 and the resultant disruption should also accelerate the overdue adoption of new technology, enabling the creation of richer customer relationships, fit for the digital age.”
This insight is brought to you using the capability of Strategy&, PwC’s global strategy house, alongside our PwC industry experts. Together, we transform organisations by developing actionable strategies that deliver results.
We are uniquely placed to combine strategy with technical, industry and execution expertise. We embed our strategy capabilities with expert teams across our PwC network, to show you where you need to go, the choices you’ll need to make to get there, and how to get it right.
The result is an authentic strategy process powerful enough to capture possibility, while pragmatic enough to ensure effective delivery. It’s the strategy that turns vision into reality. It’s strategy, made real.