Society needs educating on the importance of financial planning and wealth management


At a recent roundtable hosted by the Wealth Management Association (WMA), a powerful combination of senior executives representing 12 leading Wealth Management firms agreed that more must be done to educate society on the importance of long term financial planning and management of wealth.

The participants came to take part in a debate on ‘How to increase profitability in the Wealth Management sector.’ Included in the discussion topics were questions concerning technology – covering areas such as social media and problems of legacy, through to the introduction of new business and how to increase clients. The roundtable discussions are referenced in a report published by B.I.S.S. Research in association with the Wealth Management Association.