Wealth managers and financial advisers are forecasting significant growth in the number of clients they support over the next three years, according to a new study by Ortec Finance.
The research found that nearly two-thirds (64%) expect client growth of 20% or more by 2027. The anticipated growth is largely attributed to a surge in the number of mass affluent, high net worth, and ultra-high net worth individuals seeking financial services. Around 75% of those surveyed noted the increasing demand from these client segments as a key driver of growth. In addition to rising client demand, the wealth management industry's investment in technology is expected to play a role in this expansion. Over half (55%) of respondents said their organisations' investment in techno...
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