Thomas “Tom” Finke is the chairman and CEO of Barings, LLC, an institutional asset management firm which he has led since 2008. With over 300 billion dollars of assets under management, Thomas Finke oversees one of the largest asset management institutions in the United States.
In 2020, wealth management trends are largely focused on expanding digital capabilities in the sector. The approach to technology is entering a stage where personalization is becoming a priority. By using large-scale analytics, advisors and managers can cross-sell services to clients from diverse areas of practice offering services strategically throughout major transactions.
Ethical investments are also seeing a surge in 2020 and more millennial investors are looking to shift their spending power into the investment arena. Environmental, social, and political impact investing is likely to continue to grow and wealth managers will have to adapt their strategy to focus their advice and services in those areas.
Furthermore, the wealth management landscape is becoming more competitive overall. As marketing efforts and client outreach programs become more sophisticated, more investors will start to compete over the same pool of investors.
