The wealth management sector is facing significant changes due to declining revenue margins, the impact of the pandemic, and changes in customer behavior, investment trends, and the regulatory environment. These factors are leading to a need for significant reshaping of the sector, especially for those firms managing ultra-high-worth clients. While some wealth managers may view these changes as temporary, others may be more vulnerable to the impact of the sector's decline. Overall, it is clear that the wealth management sector will not be the same in 20 years as it is today.
