IDEAS home Printed from https://ideas.repec.org/a/ers/journl/vxxivy2021i3bp141-151.html
   My bibliography  Save this article

Wealth Tech Impact on Wealth Management Sector

Author

Listed:
  • Tomasz Dziawgo

Abstract

Purpose: The goal of the research paper is to familiarize reader with both Wealth Tech concept and key trends regarding global wealth management sector. Design/Methodology/Approach: For the purpose of the paper, the following methods have been applied: critical analysis of literature including research papers, and comparative analysis of presented data. The goal of the research paper is to familiarize reader with both Wealth Tech concept and key trends regarding the global wealth management sector. Findings: Because of such rapid digital transformation, Wealth Tech was able to emerge as significant part of wealth management. With funding in billions of USD on new Wealth Tech companies, strong reliance on major technologies such as artificial intelligence, robo-advisory, big data or blockchain, it can be concluded that Wealth Tech role in wealth management will be more significant and it could attract more clients, which are both younger as well as less affluent. Practical Implications: Digital transformation is one of the key trends in wealth management industry, that was further fastened by COVID-19 outbreak. Originality/value: Rapid digital transformation in wealth management sector will enable Walth Tech to have stronger impact on overall wealth management.

Suggested Citation

  • Tomasz Dziawgo, 2021. "Wealth Tech Impact on Wealth Management Sector," European Research Studies Journal, European Research Studies Journal, vol. 0(3B), pages 141-151.
  • Handle: RePEc:ers:journl:v:xxiv:y:2021:i:3b:p:141-151
    as

    Download full text from publisher

    File URL: https://ersj.eu/journal/2463/download
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Tomasz Dziawgo, 2021. "Big Tech Influence on China Financial Sector," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 1), pages 1110-1120.
    2. Jan Kolesnik, 2021. "The Contagion Effect and its Mitigation in the Modern Banking System," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 1009-1024.
    3. Mateusz Folwarski, 2021. "The FinTech Sector and Aspects on the Financial Inclusion of the Society in EU Countries," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 1), pages 459-467.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Jasman Tuyon & Okey Peter Onyia & Aidi Ahmi & Chia-Hsing Huang, 2023. "Sustainable financial services: reflection and future perspectives," Journal of Financial Services Marketing, Palgrave Macmillan, vol. 28(4), pages 664-690, December.
    2. John Yang & Sang-Uk Jung, 2024. "Harnessing FinTech for Sustainable Finance in Developing Countries: An Integrated SWOT–Multi-Level Perspective Analysis of Mongolia," Sustainability, MDPI, vol. 16(10), pages 1-24, May.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Hrvoje Serdarušić & Mladen Pancić & Željka Zavišić, 2024. "Green Finance and Fintech Adoption Services among Croatian Online Users: How Digital Transformation and Digital Awareness Increase Banking Sustainability," Economies, MDPI, vol. 12(3), pages 1-18, February.

    More about this item

    Keywords

    Wealth Tech; Asset Management; Wealth Management.;
    All these keywords.

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • G51 - Financial Economics - - Household Finance - - - Household Savings, Borrowing, Debt, and Wealth
    • P46 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Consumer Economics; Health; Education and Training; Welfare, Income, Wealth, and Poverty

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ers:journl:v:xxiv:y:2021:i:3b:p:141-151. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Marios Agiomavritis (email available below). General contact details of provider: https://ersj.eu/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.