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Trend 4: The Biggest Unknown—Will the Economy be a Roadblock to 5 Year Visions?

The long-term impact of COVID-19 remains a question mark. By F2 Strategy Research

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Critical Issues:

  • Firms, still reeling from the sudden instability caused by the pandemic and it’s largely unknown long-term impact, question whether it makes sense to plan five years out anymore
  • Economic uncertainty is a potential roadblock to appropriate staffing, large investments in tech and the capacity to take on multiple transformative projects
  • Other concerns that could derail 5-year visions include the future regulatory environment, M&A and changes to competitive landscape and unanticipated disruptive technology

F2 Strategy Research, a division of the global consultancy F2 Strategy, delivers intellectual and advisory-based research on technology and business issues impacting the RIA, wealth, bank/trust and family office industries.