09-06-2017 17:59 via feedproxy.google.com

High-net-worth wealth managers can't survive the digital age on just 'their name and wood paneling'

Brands can be powerful.
Everyone knows that one person who  drinks Starbucks' coffee just so they can be seen holding a white cup with a green mermaid on it.
On Wall Street, brands can carry similar weight. Many high-net-worth investors give their money to old legacy money managers just because of the brand of prestige and elitism associated with such firms.
But these firms' reputations will only go so far as the Street continues to digitize, according to Gauthier Vincent, a finte
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