Caldwell, NJ — The many forces reshaping the financial services industry are causing advisors to step back, re-evaluate their business models, and rethink the value propositions they provide to clients. This is causing a convergence: distribution channels are growing more similar every day. Organizations must reexamine their assumptions, and align with the right practice models — regardless of old definitions — that match their capabilities and growth objectives.
This research discovered 6 factors reshaping the advisor landscape, including
- Convergence: convergence blurs traditional lines and intensifies competition
- Technology: digital is essential and growing exponentially
- Increased expectations: empowered advisors expect more
The speaker is Mark Hopkins, Executive Director, EY. Mark has over 25 years of international experience leading strategy, finance and operations engagements for financial services companies. His current work and research focuses on life insurance and annuity company modernization as well as the future of distribution including the impact of science, analytics and technology on advice, distribution and underwriting of insurance products.
About SIFM: SIFM is an exclusive network of insurance financial professionals from global insurance, reinsurance companies, public accounting firms and their servicing organizations. Membership grants exclusive access to our network of industry peers, resources and expert knowledge. Click to view upcoming conference agenda.
For more information contact: Diane Mensinger (973 303 6297) or visit SIFM.org.