Millennials and wealth management
Trends and challenges of the new clientele
The financial crash and the volatility of the markets have led to a state of general distrust toward financial institutions, especially among the millennials. Furthermore, this clientele imposes other requirements on wealth managers than the previous generations. The fact that millennials will be the largest client group is therefore driving many wealth managers to assess their business model as well as the way in which they interact with clients to identify which adjustments are necessary to successfully serve millennials. Early adoption will enable them to protect market share and keep their leading position. This article highlights the trends and challenges of the new clientele for the private banking industry.
Inside magazine issue 9, June 2015
Inside is Deloitte’s quarterly magazine offering an exclusive insight into best practices, trends and opportunities faced by our clients across all industries.
Inside focuses on the main hot topics relevant for the market (Asset management, Banking, Insurance, Public sector, Healthcare, Private equity, Real estate, TMT, Manufacturing and consumer business, Transport and logistics).