Helping Asian Wealth Management Communities interact

What are the opportunities and challenges for the year ahead? - Michael Levin

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1. What opportunities and challenges do you see for the year ahead?

Video transcript

1. What opportunities and challenges do you see for the year ahead?

A lot of people talk about fee compression. I think it's real. I think we have to be thoughtful and strategic about the fees that are charged relative to the services and value that are delivered to clients. So, I think it's a challenge. On the one hand, you have fee compression, but it's also an opportunity to be differentiated relative to your competitors in how you price and the type of services that you deliver. In particular, I think the opportunities are to be more solutions-oriented, and to increase the level of personalization for the same or reduced fee.