What can financial advisors and wealth managers learn from the early days of the mobile phone market? Much more than one might expect. Perhaps the most important lesson learned is the strategy advantage that the financial services industry can gain from building a digital moat around their business. What is a digital moat? Unlike traditional business moats— the term introduced by Berkshire Hathaway’s Warren Buffett more than two decades earlier— digital moats offer more flexibility and can more efficiently respond to industry shifts.
According to a survey by Deloitte University Press titled Digital Transformation in Financial Services, 90 percent of investment professionals acknowledge the powerful disruption technology is playing in the financial services industry, but fewer than half of those polled (46 percent) believe their firm or business prepared for the ongoing disruption.
Join us on January 27th at 4:00 pm ET to learn how wealth management firms can grow their firm’s valuation, protect revenues and create an unforgettable new client experience through the integrated digital moat strategy. For 2022, viewers will walk away with actionable next steps to immediately put decisions to strategy.
CFP, CIMA®, CPWA®, CIMC®, RMA®, and AEP® CE Credits have been applied for and are pending approval.
Director, Wealth Management Solutions
Chief Technology Officer