•  
• Tweet
•  
•        Print
•  
•         Track Keywords
•  
• 

Laxman Pai, Opalesque Asia:

More than eight in ten (84%) wealth managers and financial advisers indicated plans to increase investments in new tools and solutions over the next three years to improve their estimates of key asset classes' future performance, said a study.

Only around a third (32%) questioned in its study with wealth managers and financial advisors whose organizations collectively manage approximately GBP1.207 trillion said their organization is currently 'excellent' at tracking the future potential performance of asset classes, according to Ortec Finance.

A further four in ten (42%) say they're 'good' and one in four (25%) say their organization is 'average' at tracking the future potential performance of key asset classes.

"Wealth managers and financial advisors need to do more to track the future performance and related uncertainty of key asset classes to properly and more effectively service their clients as they increasingly demand this type of analysis," said the study.

About 11% of the respondents said they expect this investment to increase dramatically, while only 15% believe the investment levels will remain the same.

This drive to enhance tracking capabilities is largely client-driven. The second most popular reason is the growing demand for such detailed analysis by clients. Furthermore, wealth managers recognize that improving these capabilities is crucial for business growth and client retention, as well as for reducing ......................

To view our full article Click here