More than half of wealth managers believe the industry is undergoing a dramatic change, according to a new survey by SEI, and a further third concede the industry is at least somewhat moving in a customer-centric direction.

For one-third of respondents, that means bolstering holistic planning at the expense of product sales, while another 27% of respondents say solidifying recurring revenue, i.e. fee-based accounts, is a top priority.

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