According to this year’s World Wealth Report, released by Capgemini and RBC Wealth Manager, wealth managers and firms are facing a crossroads between adapting to technological change or sticking to the traditional way, forcing them to decide whether they are going to respond or get left behind. These industry changes and challenges present a significant challenge as well as opportunity for wealth managers. In this series of articles, we will take a look at some of the key takeaways, from the World Wealth Report, as it relates to wealth managers and how they can meet the challenges of the rise in technology and the needs of today’s digitally focused clients.

Firms and wealth managers face a host of industry challenges which are driving the evolution of the wealth manager’s role.  The Infographic below, courtesy of Capgemini and RBC Wealth Management, explores the changing role of the wealth managers within the evolving landscape and rise of new technologies.