This is the third episode of our podcast “The world of Fund Selection” conducted by Carla Solera, Investor Relations Specialist at RankiaPro Europe.
In this third episode of the World of Fund selection titled “The future of Wealth Management” we had Antonio del Vaso, Head of investment services at Volksbank, and they chatted about the future of wealth management, and how the industry could include the next generations.
“The next five years will be crucial for the wealth management industry has been able to come back from the pandemic with significant inflows, the higher percentage over the last years, but the problem is on the margins, which remained stable during 2020 despite all the saving on costs, marketing, events”
“The inclusion has to be in two sides, on side, inside the industry, and the other side the users of the industry. For insiders, for workers in the industry, digital transformation may have to include other industries from outside the wealth management, such as engineering, maths, statistics. For users, for reaching out the new generations, Millennials or generation X, the most likely scenario, is the development of a digital consulting department”.Antonio del Vaso, Head of investment services at Volksbank