Here’s How Quickly the Competitive Landscape for FAs Could Change
October 8, 2019 by Mrinalini Krishna
New entrants and the changing nature of financial advice are trends that top wealth management executives see playing out over the coming year. And advice firms need to be ready, experts warn.
At an event in New York City Wednesday, Tash Elwyn, president and CEO of Raymond James & Associates and Shirl Penney, the CEO of Dynasty Financial spoke about trends they see changing the industry.
Big tech’s wealth management foray
One trend to watch for, according to Penney, is how well the large tech companies can make inroads with the end consumer for financial services products.
Apple announced a credit card with Goldman Sachs in March, which went live last month. And more tech companies could follow suit with other products.