This excellent piece by McKinsey & Co. highlights the profound changes the Wealth Management industry will undergo in the next decade in North America.
From the "Netflixing" of advice to widespread goal-based investing, only those firms who act decisively and move fast to retool their businesses will be able to compete in this new landscape.
Read this article here.
https://www.mckinsey.com/industries/financial-services/our-insights/on-the-cusp-of-change-north-american-wealth-management-in-2030#