The past few years have been highly challenging and transformative for the Canadian asset and wealth management market. The already competitive segment has witnessed significant technological disruption and increased customer expectations. To stay relevant in the changing marketplace, financial portfolio management firms are adopting new strategies to deliver high-quality, frictionless service experiences for customers.
According to a report by Mordor Intelligence, the growth of the Canadian asset management market has outpaced both the U.S. and global industries, with assets under management rising by 14 percent to U.S. $3.6 trillion. This significant growth can be attributed to the rapid growth of the Canadian fintech market and the increasing investments in alternatives by Canadian investment managers.
To enhance service delivery, wealth managers are digitizing front-to-back experiences at pace. Despite the speed and customization offered by technological advancements, the traditional face-to-face service model remains irreplaceable. By building out advisor capability and capacity, wealth management firms are enhancing customer relationships and prioritizing seamless connectivity and service delivery across digital and personal touchpoints. At the same time, leading managers are designing and implementing an end-to-end, goals-based approach to deliver holistic services that meet and exceed customer expectations.
This edition of Financial Services Review Canada delivers a bird’s-eye view of the recent developments in the financial portfolio management arena and insights into how organizations are aligning with these trends and adopting new ways to transform legacy practices.
We have curated thought leadership articles from industry experts, including the Chief Financial Officer at American First Finance and the Finance Director - Finance Business Partner IT at AutoZone.
We also took a deep dive into the market trends to narrow down the list of companies delivering innovative financial portfolio management services. Equipped with innovative technological capabilities, companies like IFC Wealth Management and Tower Asset Management help transform businesses at the cloverleaf of various disruptive technologies.
We hope this edition of Financial Services Review Canada’s financial portfolio management service providers in Canada helps you build the partnership you and your organization need to foster an environment driven by efficient technology.
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