Success will likely come to those who offer the best-in-breed products with added features and functions.

What's the status of today's wealth management industry? We surveyed industry professionals to find out.

Our findings focus on the following:

• Product and client strategy
• Distribution channels
• Technology, people and processes
• Wealth management product demand

What's next for wealth management?

We see a few key challenges ahead. With little differentiation in strategy, success will likely come to those who offer the best-in-breed products with added features and functions. This should be delivered through an advisor channel that is free of non-asset-gathering activities.

Strategic investments in wealth management advisor tools, risk-related enhancements in technology, people and processes — though critical for success — will have to be balanced against other organizational imperatives in a highly competitive market.

Next >>