White papers and reports across the board said that in order for financial advisers to stay afloat, they must dive headfirst into the high-net-worth market. But few papers actually give specific suggestions on how advisers should do this.
One company believes it has a solution that will help planners transition their firms toward catering to the wealthy.
Officials at Metavante said their purpose is to help advisers define wealth management and change a firms business model so that it can enhance revenue and retain clients. "Its a combination of processing technology and people as a package," said Norrie Daroga, general manager of Metavantes wealth management division. "This is a business solution to improve your bottom line."
This story was adapted from a story appearing on
