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  1. Digital transformation. The pandemic accelerated usage of digital technology to engage with clients. Online planning and communication tools are commonplace. Video conferencing is now the norm rather than the exception. Who knew that “Zoom” would become one of the most frequently used terms of the year?
  2. Artificial Intelligence (AI). Venture capitalists and individuals are looking for opportunities to fine-tune their investment approach using AI. Corporations are using AI to become more innovative and efficient. Expect an increased emphasis on using AI in an attempt to outperform traditional passive investment approaches
  3. Sustainable investing. Investors are expressing an increased interest in Environmental, Social, and Governance (ESG) Total value of ESG assets has doubled in four years to $40 trillion.
  4. Fee-based financial planning. As passive, inexpensive investment portfolios become commonplace, clients are increasingly turning to financial advisors for planning advice. Advisory firms will likely adopt subscription-based advising tailored to a client’s unique needs.
  5. Holistic financial services. We live in an increasingly hectic world. Clients expect their financial advisor to demystify and simplify their financial lives. Wealth management firms are expected to offer a variety of financial services, including tax, estate, insurance planning, and more. Does your advisor meet this need?