Investment Firms Rush to Embrace Digital Innovation

Where investment providers see themselves now in digital transformation, and where they plan to be over the next five years.

With digital expectations rising rapidly, and a new generation of digital natives in sight, the stakes are high. This is not just about ROI, it is about survival.

The convergence of digitization, globalization, and consumerization will reshape the investment industry by 2022. For most executives, the question is no longer if the industry will go through a digital metamorphosis, but when and how they can ensure their organizations are not left behind.

According to a report published today by Roubini ThoughtLab, a leading global research firm, investment providers that go fully digital will see major gains: firms in later stages of digital transformation report increases of 8.6% in revenue, 11.3% in productivity, and 6.3% in market share. Digital laggards stand to lose $79 million per billion dollars of revenue a year—and risk falling out of the race altogether.

The new report, titled Wealth and Asset Management 2022: The Path to Digital Leadership, provides actionable insights into the industry’s future. It is based on a survey of 1,503 investment providers from 15 countries, advisory panels and in-depth interviews with over 100 industry leaders and experts, and rigorous benchmarking analysis. The research was conducted in conjunction with a diverse coalition of sponsors, including Appway, Broadridge Financial Solutions, Cisco, eToro, J.P. Morgan Asset Management, Oracle, Protiviti, Sapient Consulting, and the Vauban Group.

The CEO digital imperative

The research shows that digital transformation is now at the top of the agenda for industry CEOs, who are facing escalating demands from investors…

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