Wealth managers in 2024 face ongoing market volatility, rising rates, geopolitical tensions, and industry job cuts. Amid uncertainty, successful firms will prioritize focused execution over trend-chasing. Key trends include deeper AI integration, improving advisor desktop functionality, fixing broken client reporting, and expanding hyper-personalization beyond ultra-wealthy clients. The sector also confronts a looming advisor retirement wave, pushing succession planning to the forefront. Firms are targeting younger, diverse clients and embracing holistic financial advice across new channels. Adapting to changing economics will be crucial for sustaining revenue streams.

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