MyPrivateBanking Blog
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Archive for March, 2013

Apps for financial advisors - why are they a game changer?

Friday, March 15th, 2013

We’ve just published our newest report on Mobile Apps for Financial Advisors and Wealth Managers. And it has become pretty clear to us how important this new technology already is for the wealth management industry. Meeting with the client, talking to the client, reviewing his or her portfolio - this is the core of a wealth management relationship. Such meetings can become very dull, boring or outright overwhelming for a client if the advisor throws heaps of paper at him or her. Now imagine, there are no more paper reports but dynamic charts, graphs, background information in video format, real-time portfolio data, and the expertise of another specialist (say a tax adviser) can easily brought in via messenger or even video chat. The dynamics of such a meeting will be very different; the client experience much better… So, that’s why we call it industry disruptive for the wealth management industry. Have a look yourself…