Arena International is pleased to announce the launch of the inaugural Digital Integration in Wealth Management conference, taking place in London, 15th-16th February 2017. This exciting new event will be the only meeting to focus specifically on how wealth management firms and private banks can integrate digital capabilities with existing processes to enhance client engagement and reach new segments.

The conference aims to provide an interactive platform for you to discuss how you can create a practical roadmap towards digital integration in order to remain competitive and future-proof your services. Delegates will debate, investigate and share best practices on topics such as the impact of robo-advice, millennials and other disruptors, how to create omnichannel client journeys and achieving successful integration in-house and with technology partners. At this unique two day event, delegates can avail of unique networking opportunities with industry peers and cutting-edge technology providers, an interactive program and thought-provoking presentations delivered by thought-leaders in wealth management.

3 key reasons why digital integration in wealth management is important

Wealth management has been with us for years, and it is known as a really old industry in finance sector with a lot of emphasis on face-to-face communication and working directly with clients. However, we live in a digital age where technologies are becoming a significant part of our everyday life. It is harder for more established sectors to adjust to these unavoidable changes, but we listed 3 fundamental reasons why digital integration in wealth management is so vital.

1. If you want to stay a leader in the industry, external changes and trends cannot be ignored

Digital transformation in wealth management is happening now, therefore those companies that fail to adjust to these changes and implement new strategies will not have a competitive advantage that digital-friendly businesses do. Digital integration in wealth management is the only event so far focusing on capabilities with existing processes to become more competitive at this time.

2. Disruptors in wealth management

Wealth management has to be handled in a different way than decades before as we see so many disruptors in the market. Starting with smart phones and tablets that are part of majorities everyday life now. Robo-advice cannot be ignored either, as computer-facilitated processes are more reliable as they help to avoid human error and save time. Finally, target market itself is becoming a disruptor, bearing in mind that more and more millennials are demanding wealth management services.

3. Better allocation of resources

Finally, wealth management businesses are more competitive if they maximise the effectiveness of their resources. There is a new segment of customers known as the Mass Affluent (MA) group. Even though the definition for MAs can range a lot, it is estimated that anyone with liquid assets of £35k or above would be considered to fit into this category. Digital technology can help with this new segment and allow focus on both MAs and HNW client base. All in all, digital integration in wealth management is important in order to stay competitive in the in industry. With so many disruptors in the market it will help to foresee challenges and explore opportunities, and finally to help wealth management companies to manage their time and resources in more efficient manner. In order to explore the importance of digital changes attend our conference. If you want to request more information, do not hesitate and email our team.

The iUeMagazine team is delighted to work with Digital Integration in Wealth Management as Online Media Partners & is expected to bring Unlimited Inspiration for all readers from the proceedings of this event. Staying tuned to the enriching updates from this event is recommended.

Join us in February to find out how to build your digital strategy.