The global wealth management industry, overall, experienced a good year in 2020, and sustainable investing took a giant leap forward. Many consumer surveys in the market report that individual investors are interested in investing for positive impact, and Aite Group projects even faster growth in sustainable investing as private clients accelerate their transition to investments with thematic or impact goals. Dawn of a New Era: ESG Integration Into Wealth Management, the latest Aite Group report, examines how wealth managers are pivoting their business models and technology platforms toward ESG.
“Financial institutions are well-advised to move forward with technology initiatives related to ESG, as this phenomenon is shaping the future of the industry,” recommends Wally Okby, senior analyst at Aite Group.
This report shares data and insights on investment decisions, areas of focus, return expectations, challenges, trends, and, of course, opportunities in this rapidly evolving space. It is based on Aite Group’s in-depth interviews with chief executive officers or executive managers of 14 global organizations—wealth managers, rating agencies, specialized data providers, and core private banking providers. The report also briefly profiles select innovators in this space: Fidelity Investments, First Affirmative Financial Network, Morgan Stanley, and Standard Chartered Private Bank.
