As client demands for digital capabilities continue to grow, we look at how the Wealth Management industry is responding in our fifth annual Digital Readiness survey.

In an environment where a firm’s digital offering is becoming increasingly important, this is a problem for asset & wealth managers, who risk losing market share to digitally-savvy competitors.
Adam Starkey-Smith and Kevin O’Shaugnessy discuss ways to tackle this challenge.

Measuring the success of different digital transformation efforts across organisations requires firms to use a range of different measures in order to quantify a range of different outcomes (e.g., commercial benefits, efficiency, risk reduction, productivity etc.). A key, undermeasured outcome is that of the commercial benefits, where firms are not currently able to successfully measure the increased ability to find prospects, win new business and cross sell products to existing clients. In this article, Mark Webb explores how firms measure commercial value and how firms can move away from measuring Digital in an Analogue way.

Current estimates suggest investment in digital transformation across all sectors will almost double from $1.25 trillion in 2019 to $2.3 trillion in 2023. A significant proportion of this will be spent in the insurance sector, but as we have seen in the past, high expenditure is no guarantee of desired outcomes. In this article, David Clarke, Miles Bishop and Huw Barker explore how to set up an effective digital transformation programme.

Alpha’s 5th Annual Asset Management Digital Readiness Survey provides unique insights into an industry that is ‘coming of age’ in its digital journey. Read on for our key findings from this year’s results.

Digital client experience has become an increasingly important focus area across the Asset Management sector, driven by the accelerant effect of the COVID-19 pandemic on the shift from physical interactions to virtual interactions. Alpha’s approach to defining digital client experience strategy helps Managers respond to the constantly evolving landscape of their end-client’s digital expectations, leading to increased client satisfaction, in addition to improved commercial propositions and operational efficiencies.

Alpha present the fourth year of the Wealth Management Digital Readiness Survey. Read on to understand how far the industry is progressing with its Digital Transformation journey.

In this article, Mark Webb and Kevin O’Shaughnessy assess the opportunity that Digital Data presents Asset Managers, the journey that the industry will be on in the near future and what Asset Managers should do now to capitalise on this key capability.

Alpha’s 2021 Asset Management Digital Readiness Survey provides unique insights into the progress the industry is making on its digital journey. It will be no surprise that the global pandemic has been a major theme this year, as Asset Managers have had to urgently shift to digital ways of working as restrictions were applied across countries. Read to find out how the industry has improved its digital capabilities and grown its maturity in this space during these extraordinary circumstances.