During the last yr, the wealth administration business has confronted extraordinary market circumstances and macro-economic challenges, inflicting many corporations to rethink their operational methods. New expertise choices and funding alternatives are all disrupting the established order, so it’s crucial to concentrate to the refined but dramatic adjustments taking place within the impartial wealth house that may form the business going ahead.
On this episode, Shannon Rosic, director of WealthStack content material and options, speaks with Tim Welsh, president of Nexus Technique, on the 5 tendencies that may form wealth administration in 2023 and past.
Shannon and Tim talk about:
- How expertise acts as a deflationary drive in an inflationary economic system
- The position of AI in monetary planning and funding administration processes
- Why advertising automation and expertise integration can be vital drivers of change
- Why wealth managers are investing in non-public fairness, and why non-public fairness corporations are investing in wealth managers
Join with Shannon Rosic:
Join with Visitor:
About Our Visitor:
Timothy D. Welsh, CFP, is President, CEO and founding father of Nexus Technique, LLC, a number one consulting agency to the wealth administration business.
Previous to founding Nexus Technique, Tim was Director of Enterprise Consulting Companies for Schwab Advisor Companies the place he led the event and advertising of follow administration sources for impartial advisors. Whereas at Schwab, Tim additionally held senior roles in Technique, Advertising, Promoting, PR and Business Content material growth.
Previous to becoming a member of Schwab, Tim was vp at Merrill Lynch the place he was answerable for advertising, product growth and monetary advisor coaching for the monetary planning group. Tim is ceaselessly quoted within the wealth administration media on a variety of enterprise administration and business subjects. He’s the writer of quite a lot of business white papers, a visitor columnist for RIABiz, Funding Information and wealthmanagement.com, and is a frequent speaker at business conferences and occasions. Tim earned a bachelor’s diploma in Economics from the College of California, Berkeley and an MBA in Finance from the College of Colorado.
Tim holds the Licensed Monetary Planner, CFP® designation and is an energetic member of the Monetary Planning Affiliation (FPA), serving in a management position on quite a lot of activity forces, committees and as a previous elected member of the Nationwide Board of Administrators.