We spoke to Nick Hungerford, the Portag3 Ventures partner and Nutmeg cofounder, about a new dawn in wealth management – fully automated advice. Follow for more.

Part two of a five-part series.

About Elsewhen:
Elsewhen is a digital product consultancy in London, bringing consumer-grade CX to enterprise businesses, in Financial Services and beyond.

Since its inception in London in 2011, Elsewhen has strived to provide a different approach to digital consultancy—one that combines strategy, design and engineering into one unified process. Today, Elsewhen is trusted by FTSE 100 and S &P 500 companies to deliver best-in-class solutions into business-critical functions, end-to-end, for clients including Google, Mastercard, Microsoft, Inmarsat, Procter & Gamble, Citi, JCDecaux, Tesco, Pollen Street Capital, Bupa, and specialising in the financial services, data, healthcare, banking and insurance sectors.

Learn more about us at Elsewhen.com and the Elsewhen blog, find out what’s new on LinkedIn, Twitter or see our contributions to coding best practices on Github.

Technology has reshaped the wealth management industry and will continue to transform the future of the business. What are some specific developments that could have the most significant impacts on the way wealth managers work in the future?

In this episode of NEXT, Mark Bruno, Managing Director at Informa Wealth Management, speaks with Bill Bruckner, Managing Director at BNY Mellon Pershing, to dive into the key findings from a new “NEXT: Wealth Management Firm of the Future” Research report.

Mark and Bill discuss:

– How the rise of mobile has improved advisor-client relationships
– How artificial intelligence will shape financial advice in the future
– The services that financial advisors will provide the most in the next five years
– What pain points for advisors will be addressed within the next few years

Connect With Mark Bruno:

WealthManagement.com
LinkedIn: Mark Bruno
Twitter: Mark Bruno
LinkedIn: Informa

Connect With Bill Bruckner:

Bill Bruckner
Pershing

About Our Guest:

William Bruckner is a Managing Director and the Head of Consulting and Implementation in the Wealth Solutions group of BNY Mellon | Pershing. He leads a group of consultants providing expert guidance in the fields of business management, technology, and operations, and an integrated implementation team that can bring a client’s vision to life.

As demographics, wealth and ‘traditional’ clients shift, building an engaging and scalable digital investment management journey is paramount. The changing nature of private banks means that the industry must innovate to stay relevant and respond to global macro trends and movements accordingly. By rewriting the investment playbook with high quality data integration, taming complexities with automation and providing for the emerging affluent or underserved client segments with smart innovation, the wealth management ecosystem is reshaping how businesses are run and returns are generated.

Are wealth managers sufficiently prepared to serve the changing needs of their clients in a changing and disruptive environment? How far are digital wealth managers and wealthtech disrupting the space as we know it? What does the wealth manager of the future look like and what do they need to be successful?

Mary Callahan Erdoes, J.P. Morgan Asset & Wealth Management CEO, explains the differences between asset and wealth management. She’s on the latest episode of “Bloomberg Wealth with David Rubenstein.” The interview was recorded on June 7.
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