Among the biggest developments set to influence advisors’ businesses this year include Regulation Best Interest, the trade war with China, banking as a service and new use for health savings accounts.
Between political instability, technological advances and the regulatory changes, there are a number of factors impacting the wealth management industry. Global research firm Aite Group in Boston recently released its Top 10 Trends in Wealth Management, 2020: Winds of Change report, highlighting its top predictions for the industry. Among the biggest developments set to influence advisors’ businesses this year include Regulation Best Interest, the trade war with China, banking as a service and the new use for health savings accounts. Here are the top eight trends to watch for.
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