Effective Monday, March 16, 2020 and until further notice, Econsult Solutions is having staff members work from home. This form of “social distancing” has been implemented with the safety of our staff and the community at large in mind. We have instituted all necessary remote-working features and remain open for business, hard at work on current engagements and eager to hear how we can support your needs.
These are extraordinary times. The global pandemic has reached every aspect of every life in every corner of the world. More than ever, ESI stands ready to apply economics, strategy, and insight to help you move forward. Be on the lookout for additional content on our blog, Present Value. Together we will emerge stronger and wiser.
Like many industries, wealth and asset management is going through a radical transformation that will reshape the industry in the years ahead. Chief among the forces of change is the inexorable shift to a digital marketplace, which will almost certainly thrust some firms into new prominence and leave others behind.
As the industry faces irreversible change, investment providers need to act now to ensure their digital futures. Firms that are out in front are already seeing leaps in AUM, profitability, productivity, and market share. Those that are behind are not only paying a financial penalty in lost revenue and cost savings but run the risk of falling out of the race altogether.
To help investment providers reinvent their businesses for the digital age, ThoughtLab, in conjunction with a coalition of leading firms, conducted one of the most comprehensive studies on the digital transformation of the investment industry.