|
European wealth managers can free up time to spend building client relationships by switching to suitability technology when onboarding new clients, behavioural finance experts, Oxford Risk says.
Its study with wealth managers across France, Germany, Netherlands, Spain, Italy, Switzerland, and the Nordics found 92% spend more than 40 minutes establishing suitable risk levels for a new investment client. Around two-thirds (64%) say they take between 41 and 60 minutes, while (27%) say it takes between 61 and 90 minutes and 1% even longer.
Less than one in 10 (8%) say they spend 40 minutes or less, the research by Oxford Risk, which builds behavioural risk suitability software to help wealth managers support clients, shows. The study with wealth managers...
|