Digital Financial Management Tools for Wealth Clients

Financial management services and tools that help customers manage their day-to-day and long-term finances and financial goals are part of a comprehensive approach to wealth management. Although retaining wealth and generating further gains has traditionally been a cornerstone of wealth management services, even U/HNWIs need to track and keep control or watch over their expenses and plan their financial future. However, as U/HNWIs’ financial situations are more complex than that of the average retail banking client, specific tools and resources are warranted that will ease the task of keeping track of their finances.

This flash report breaks down the necessary elements of an ideal financial planning tool for wealth management and offers several case studies of institutions that have extended this type of service to their wealth management clientele in the form of app features and online products.