The Rise of Wealthtech: Infographic

Evolving consumer expectations, the rapid adoption of technology and new competitors entering the markets are placing new demands on today's wealth management firms. These trends are re-shaping the look and feel of the industry, and the change is happening across all aspects of the value chain, from client acquisition to advice to ongoing portfolio monitoring and decision-making. According to Ketan Samani, chief digital officer for APAC at UBS Wealth Management, the industry is just at the start of its digital journey. "Wealth management is taking the lead from the retail banks, which experienced high disruption by start-ups in payments, lending and other products," he said. "It is just waking up to the fact that the robo-advisers will do the same. There is a way to go, but the journey has begun."