What are the top trends facing the wealth management industry in 2015? Celent explores this question along with the areas in which wealth managers and vendors are lagging and/or missing opportunities to position themselves for long-term growth. The main trends highlighted in the report include:

• Realignment of the wealth management business.
• Ongoing disruption of advisor-based model.
• Next-gen clients arising.
• Digitization and channel expansion.
• Creating efficiencies with platform consolidation and middle/back office improvements.
• Increasing focus on advisor and end user tools.
• Mutualization of costs.

The wealth management industry has traditionally taken a “wait and see” approach to implementing technology for fear of weakening their advisors’ value proposition. However, Celent firmly believes that wealth managers must begin taking bolder stances when it comes to new technologies, or risk being left behind. Read more here: http://celent.com/reports/wealth-management-trends-2015