Growing numbers of retail investors are interested in expressing their ethical and moral views around the environment, social inequity and corporate governance via their investment portfolios. Concurrently, HNW investors want to minimize tax burdens to shelter their wealth as global equity valuations continue to soar. For mass affluent investors, the move to zero-dollar commissions and growth of fractional share platforms allow all investors to implement individual strategies rather than the use of commodity mutual funds and ETFs.
The common denominator across these seemingly disconnected trends in the wealth management industry is portfolio customization. Conceptually simple and appealing to investors, wealth managers have historically struggled to deliver customization at scale. Margin compression and the flight to no-fee passive funds have forced wealth managers to reduce headcount and simplify operations, placing a premium on technology that can automate portfolio management workflows. The ability to determine optimal portfolio composition is computationally expensive, and requires sophisticated optimization algorithms. Additionally, customization is a data intensive exercise, requiring hundreds of data points across multiple custodians, and each investors’ individual goals.
In this webinar, we’ll discuss:
- The market dynamics driving demand for increasing levels of portfolio customization
- Some of the new ways that technology and data integration are being used to deliver customization at scale for both mass affluent and complex HNW portfolios
CFP, CIMA®, CPWA®, CIMC®, RMA®, and AEP® CE Credits have been applied for and are pending approval.
Doug Fritz - Moderator
Global Director, Wealth Management
Charles River Development
Head of Equity Research