TIAA Buys MyVest: One More Incumbent Seeks Company Along the Digital Path

TIAA Buys MyVest: One More Incumbent Seeks Company Along the Digital Path

July, 21 2016 | Christopher

The approach wealth management firms ultimately take to developing a digital solution is among the largest decisions financial advisory firms are facing—it has a material impact on advisors’ service delivery, technology spend, business model, and, last but not least, brand. As digital advice moves from a nice-to-have service to an essential component, choosing an appropriate digital strategy will go a long way toward meeting the ever-changing needs of advisors and their clients. The recent investments by TIAA and UBS provide more evidence of digital wealth’s high stakes. Aite Group expects further mergers and acquisitions activity from leading wealth management firms over the next couple of months.

Read the entire blog at: http://aitegroup.com/blogs/william-boland/tiaa-buys-myvest-one-more-incumbent-seeks-company-along-digital-path

 

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