During the last 12 months, the wealth administration business has confronted extraordinary market situations and macro-economic challenges, inflicting many companies to rethink their operational methods. New know-how choices and funding alternatives are all disrupting the established order, so it’s important to concentrate to the refined but dramatic adjustments occurring within the impartial wealth area 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 traits that may form wealth administration in 2023 and past.
Shannon and Tim talk about:
- How know-how acts as a deflationary pressure in an inflationary economic system
- The function of AI in monetary planning and funding administration processes
- Why advertising automation and know-how integration shall be important drivers of change
- Why wealth managers are investing in non-public fairness, and why non-public fairness companies 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 Providers for Schwab Advisor Providers the place he led the event and advertising of apply administration assets for impartial advisors. Whereas at Schwab, Tim additionally held senior roles in Technique, Advertising, Promoting, PR and Trade Content material improvement.
Previous to becoming a member of Schwab, Tim was vice chairman at Merrill Lynch the place he was chargeable for advertising, product improvement and monetary advisor coaching for the monetary planning group. Tim is continuously quoted within the wealth administration media on a variety of enterprise administration and business matters. He’s the writer of 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 function on a lot of activity forces, committees and as a previous elected member of the Nationwide Board of Administrators.