June 20236The wealth management ecosystem is undergoing massive disruption primarily due to the shift to digitalized business practices. Companies are rapidly adopting technologies like chatbots, big data analytics, IoT, and artificial intelligence as catalysts to open new avenues for the market, meeting the evolving expectations of investors and advisors. On that note, the global wealth management market is forecasted to be worth $3.43 trillion in 2030, according to the latest market analysis reports. The reports identify the market to witness prolific growth at a CAGR of 10.7 percent during the forecast period. The increasing need to automate the wealth management process is propelling the market growth. Rapid demand for alternative investments like private equity, commodities, hedge funds, real estate investment trusts, and intellectual property also act as the key driving forces of the market growth. This edition of Banking CIO Outlook brings forth the most influential developments in the landscape aimed at developing an integrated plan for reaching long-term financial goals in all aspects of finances, risk tolerance, and personal values.The edition features thought leadership articles from John Turner, VP of investment advisor lending at Live Oak Bank, who highlights about incorporating automation-powered workflows and providing smooth transition of client relationships to address financial advisor retirement. It also brings to the spotlight invaluable insights from Lito Villanueva, executive vice president and chief innovation & inclusion officer at RCBC, who speaks about the importance of fintech-forward future and empathy-driven digital financial innovations.Along with these vital insights from industry experts, the edition features Wealth Management CPAs, a successful and comprehensive financial planning firm. It manages its clients' investments, helping them with everything from tax planning to retirement planning and estate planning. We hope this edition helps you find the most appropriate wealth management solution and service providers that will manage your investment strategies, retirement plans, and guide long-term financial goals. Let us know your thoughts!Copyright © 2023 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.Email:sales@bankingciooutlook.comeditor@bankingciooutlook.commarketing@bankingciooutlook.com JUNE - 15 - 2023, Volume 08 -03 (ISSN 2644-2418) Published by ValleyMedia, Inc. To subscribe to Banking CIO OutlookVisit www.bankingciooutlook.com Editorial StaffVisualizerHenry SmithIssac GeorgeManaging EditorJames RobertsonReshaping the Financial Advisory EcosystemJames RobertsonManaging Editor editor@bankingciooutlook.comCarolynn WaltersJustin SmithJoseph MichaelEditorialKenneth ThomasRussell ThomasPaul Barber*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staff
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