The rise of bionic wealth

July 13, 2016

A transfer in wealth from baby boomers to younger generations is underway, and it’s reshaping the banking industry. See what Forbes Insights has to say about the future of wealth management and the successful use of technology.

In this Forbes Insights survey report, more than 60 wealth managers and 35 high-net-worth (HNW) clients share their perspective on the evolving banking experience — how they communicate, their needs and the importance of technology.

Key findings:

42 per cent of wealth managers believe a mix of digital and offline communication is ideal
34 per cent of HNW clients want either digital-only or a mix of digital and offline communication
62 per cent of HNW clients say the digitization of wealth management services is good overall but they still want to meet often with an advisor
17 per cent of HNW clients say technology is essential
48 per cent of HNW clients rate cyber risk and hacking as top technology concerns
45 per cent of wealth managers believe detailed analysis of financial results and performance is the best way to build trust with clients

Highlights

Avoid fraud and identity theft

It’s said that a crisis brings out the best in people and, in most cases, that’s true. But there is a dark side to tough times, as fraudsters prey on people who are uncertain and looking for easy answers.

CPA Canada applauds federal government COVID-19 fiscal response

March 18, 2020

The federal government’s actions and fiscal support to address the widespread and devastating economic fallout of the COVID-19 pandemic are welcomed by Chartered Professional Accountants of Canada (CPA Canada).

Practitioner’s pulse: Special COVID-19 edition

April 2, 2020

Listen to this special edition Practitioner’s Pulse webinar where we answer some frequently asked questions around practice management issues and some key financial reporting and auditing implications of COVID-19.