Cloud computing is reshaping nearly all of the industries in the modern world and transforming the way companies do business. Both smaller companies and bigger enterprises enjoy the benefits of cloud-based CRM solutions to improve their efficiency and scalability while saving significant costs. The first CRM system in the cloud, Force.com, was introduced in 2007. Since then, such systems have become increasingly widespread due to their flexibility and convenience. Cloud …
Emerging trends in HNWI Wealth Management
Wealth management is a general term in the financial sector to describe financial advice and portfolio management services offered to wealthy clients. The HNWI Wealth Management is also called Private Wealth Management or Private Banking, when financial companies or banks provide comprehensive services to the millionaires, including portfolio performance, estate planning, and tax management. This article will explain the HNWI meaning, describe who are the ultra HNWI, and analyze the …
3 Things You Should Know About Millennials’ Wealth Management
Millennials are on the fast track to become wealth manager’s biggest clientele in need of financial and investment advice. Therefore, it’s important to understand what makes them different from their parents and how it could influence your client acquisition, customer service, and investment strategies. The Millennials (got their name from the years of their birth: 1981 – 2000), also called Generation Y, are currently the largest adult demographics as Goldman …
Be prepared for The Great Wealth Transfer
In the coming years, a seismic shift in wealth will occur – with the wheels already beginning to set themselves in motion today. It’s estimated that in the United States alone, 45 million households will transfer around $68 trillion to their children by 2045. ‘The Great Wealth Transfer’, as many have dubbed this large-scale transition of wealth will be sparked by the passing down of wealth and assets from the …
Benefits of using a CRM system at an investment firm
Being a Wealth Manager is a very complex job to have. Typically Wealth Managers need to have product knowledge of their financial offerings, stock market knowledge, and of course knowledge of their prospects and clients. Keeping up with clients and proper follow up is the lifeblood of any Wealth Management Firm. Let’s explore some of these reasons and benefits of using a Customer Relationship Management (CRM) solution. Technology aspects When …