Being future-ready in a competitive financial landscape can be difficult, especially for individual MFDs/wealth managers. Here is what they need to equip themselves to stay abreast and stay relevant in these ever-changing times.
Currently, just as there is inequality at an individual level, there has been increasing polarization in stock markets too with a select few stocks accounting for a disproportionate share of overall market cap.
In the post-covid world, more independent financial entrepreneurs, who are more digital led, collaborative and addressing a wider range of potential customers.
The magnitude of benefit to the real economy will depend on the virus situation and the extent to which the economy is open both officially but more importantly in terms of actual people behavior.
Risk management often allows to eliminate the potential risk involved and provides ways to diversify the investment options depending on the goals of investors.
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