Digital wealth management is the use of digital tools in the wealth management process to provide a fulfilling and efficient client experience. The wealth manager uses a combination of client relationship management, marketing and portfolio management to increase client engagement while promoting transparency. Advantages of digital wealth management Digital wealth management provides the following benefits to clients: 1- Self-service and automation: With the introduction of Robo-advisors and client self-service portals, clients can now access their accounts and control their investments 24/7 without calling the human financial advisor for knowing the account details. Clients can also solicit investment advice from the…
