When the pandemic hit in March 2020, the financial advice industry essentially became virtual overnight. Advisors and the companies that support them embraced technology like never before and now, roughly 18 months later, the business of advice has experienced it’s most significant period of change ever.
Where does the advice industry go from here? In this inaugural episode of the WealthStack podcast, Wealth Management’s Mark Bruno addresses the big picture with Joe Duran, managing director of Goldman Sachs Personal Financial Management. Joe dives into how modern technology and current worldwide events have changed the way that advisors work, from adapting client meetings to engaging virtually with potential clients and prospects.
Specifically, Joe and Mark dive into:
- What have been some of the most significant changes in the advisor-client relationship since March 2020? How will that re-shape the future of advice?
- What technologies, tools and resources allowed some advisors to thrive over the last 18 months?
- From an industry perspective, how has the landscape of wealth management providers changed the most?
- What types of firms, services and experiences will “win” going forward?