The Evolution of Wealth Management

This chapter delves into the three phases of wealth management: Wealth 1.0, Wealth 2.0, and the emerging Wealth 3.0. It discusses the shift from product-focused advising to holistic financial planning, emphasizing the need for advisors to adapt to the rising expectations of millennial clients who demand advanced technology and comprehensive service. The conversation highlights the challenges and opportunities faced by the industry in responding to these expectations while navigating the complexities of 'Wealth Tech 3.0'.