Serving more than seven years as the president of TriState Capital’s Private Bank, Charles C. Fawcett IV manages more than $600 million in loans and deposits. Along with his team of wealth management professionals, Charles C. Fawcett IV stays current on industry trends that impact clients’ assets.
In January, the research firm Aite Group released a list of top 10 trends for 2014 that will impact the wealth management industry. Among these are innovation returns, platform integration, and growth acceleration in mobile trading. Aite Group predicts that wealth management firms will utilize technology to develop content-based marketing that targets customers and to improve the overall client experience. Furthermore, enhancements to customer relationship management platforms are expected and will be beneficial as firms create strategies that cater to clients. The integration of multiple wealth management platforms will also be essential in streamlining workflow. Firms may designate one centralized platform to store and filter all information, rather than piecing together details from multiple applications. Additionally, Aite Group foresees significant growth in mobile trading. The firm conducted a survey in November 2013 with the top 10 retail brokerage firms in the nation. The results show that mobile trading is on pace to become the leader in trading technology within the next five years.
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AuthorFor more than two decades, business expert Charles C. Fawcett IV has enjoyed an outstanding level of success in finance, sales, and product development. Archives
February 2018
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