The January 2023 Aite-Novarica Group report outlines 10 trends shaping wealth management amid economic volatility and shifting client expectations. ESG strategies face unprecedented pressure, while adoption of high-quality, liquid alternatives grows. Advisors are exploring alternative compensation models and leveraging data aggregation, AI, and automation. CRM systems are becoming central to client engagement, and product democratization is expanding access to formerly exclusive offerings. Firms are merging channels, deepening tech integrations, and embracing WMaaS to enhance digital experiences, drive revenue, and improve client acquisition and retention.

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