India's digital revolution has accelerated socio-economic mobility and growth over the past several years. However, the pandemic forced digitization and updated customer habits in various sectors, including wealth management.
India is home to 357,000 dollar millionaires, and this number is expected to rise by 80% before 2031. So, the need to digitally transform the wealth management experience has never been greater. This practice is much more complex than simply enabling digital transactions; it requires integrating technology at the foundation of the customer experience to provide greater efficiency, broader selection, faster delivery, better value, and increased transparency.
As more and more young digitally native investors generate and inherit the majority of wealth, they play an outsized role in impacting market opportunities. As per the World Economic Forum, 80% of India's population is expected to reach the middle-class segment by 2030. The massive expansion of income per capita coupled with the growth of the Indian economy will supercharge the wealth management industry over the next decade.
Technology will be critical in interpreting consumer data, improving the client experience, and scaling the investment personalization phenomenon. In this session, we will rely on decades of experience and insight from trusted financial advisers to explore the future of the wealth management industry in India.
