The Top 5 Research Reports for Wealth Managers (Your Summer Reading List)

The Top 5 Research Reports for Wealth Managers (Your Summer Reading List)

Check out our selection of 2021 research reports created to help advisors make sense of market trends that are anything but status quo this year.

After an intense period of pent-up demand, Canada’s workforce is in the midst of a much-needed and well-deserved vacation season - and nothing says vacation like a good read with serene scenery. 

Since advisors lean heavily on market trends and data that can help them guide their clients and their investments, they need access to reliable research reports. And with so many to choose from and so little time for relaxing they have to focus on the reports that will give them the most value. Check out our list of top research reports for wealth managers below.

Cost of Compliance 2021: Shaping the Future

Author: 

Thomson Reuters

Date Released:

June 2021

Description: 

This is the 12th edition of this report, focused on regulatory and compliance challenges. Risk and compliance experts from around the world participate in this annual report. A complementary infographic is was released with this edition and is available here.

Selected Highlights:

  • The report is focused on the aftermath of the pandemic that has shifted the way managers work permanently
  • Compliance functions are evolving to surface associated risks with new ways of working, underscoring the need for cultural and operational changes, including both technology and staff
  • Firms can help by engaging with regulators to share early feedback and provide direction
  • The biggest compliance challenge reported by respondents as a result of COVID-19 was having to work remotely

How to Access This Report:

https://legal.thomsonreuters.com/content/dam/ewp-m/documents/legal/en/pdf/reports/shaping-the-future.pdf 


The 2021 Global Wealth Research Report 

Author: 

Ernst & Young

Date Released: 

April 22, 2021 

Description: 

This annual report by Ernst & Young surveys 2500 wealth managers from around the world, and is focused on client service, engagement and purpose. 

Selected Highlights:

  • Clients feel their financial goals are held back by a lack of investment knowledge 
  • Asset preservation and security are a top focus for clients
  • Future investors are likely to be more risk-averse as a result of COVID-19 
  • Over the next three years, FinTech providers are well-positioned to advance
  • Globally, 53% of clients are willing to pay their wealth manager more for better, exclusive and more reliable digital services

How to Access This Report:

https://assets.ey.com/content/dam/ey-sites/ey-com/en_gl/topics/wealth-and-asset-management/ey-2021-global-wealth-research-report-optimized-for-web-v2.pdf 

The Future of Money 

Author:

Framework Ventures

Date Released:

November 2020 (Recently Updated Findings Presented at Canadian Fintech Summit in April 2021)

Description: 

This predictions-based report is a comprehensive analysis on fintech trends and predictions following COVID-19. Initially released in the Fall, the findings were updated for the 2021 Canadian Fintech Summit. The reports predicts that all financial services will become digital by the end of 2021 as a result of the pandemic.

Selected Highlights

  • Cashless and contactless is the future and cash will no longer be necessary
  • The entire credit cycle will begin assessing risk by relying on dynamic and real-time data points
  • Connected devices will enable real-time, usage-based rates
  • Cloud transformation will enable financial institutions to truly embrace digital
  • Traditional price discovery methods for capital markets will change, while retail trading is digitized
  • Peer-to-peer transactions will increase the overall adoption of digital transfers
  • The retail bank is moving online and fewer bank branches will be needed, if at all

How to Access This Report:

https://www.framework.vc/wp-content/uploads/2020/11/The-Future-of-Money-in-2020-Compressed.pdf


2021 Investment Management Outlook: Transforming to Thrive 

Author:

Deloitte

Date Released: 

2021

Description: 

With responses from 200 senior investment management executives from North America, Europe and Asia-Pacific, this report narrowed in on the investment management industry and how it was able to navigate the pandemic and ongoing recovery.

Selected Highlights:

  • The majority of firms say they have work to do in bringing their workforce back to the office 
  • Firms are investing in technology to support digital transformation, and related cost savings stemming from enhanced efficiency
  • Investors may make decisions based on a firm’s technology and the elegance of their experience
  • The experience of the pandemic has created a stronger and more digital investment management industry

How to Access This Report:

https://www2.deloitte.com/content/dam/Deloitte/tr/Documents/financial-services/2021-investment-management-outlook.pdf 


Long-Term Capital Market Assumptions: Time Tested Projections to Build Stronger Portfolios 

Author:

JP Morgan Asset Management

Date Released: 

November 2020 

Description: 

This is the 25th year of the J.P. Morgan Asset Management’s Long-Term Capital Market Assumptions publication. Reporting on capital market estimates for hundreds of asset classes and 16 currencies, investors and advisors rely on its information to inform portfolios and asset location.

Selected Highlights:

  • In response to the global pandemic, the economy is making a fast rebound, but the impacts of fiscal and monetary stimulus will be lasting  
  • Issues like climate change, technology adoption, and aging populations are continuing to affect asset markets
  • Despite the pandemic, long-term projections are stable. However, tail risks will experience a “fatter and flatter distribution”
  • “As we move further into the 2020s, we will need to adopt a new portfolio for the new decade. With expanded opportunity sets and acceptance that truly safe assets no longer offer income, investors can more fully exploit the specific trade-offs that a portfolio can tolerate in order to harvest returns” 

How to Access This Report:

https://am.jpmorgan.com/content/dam/jpm-am-aem/global/en/insights/portfolio-insights/ltcma/ltcma-full-report.pdf 


BONUS MATERIAL
The Value of Personal Advice: Wealth Management Through The Pandemic 

Author:

McKinsey & Company

Date Released:

May 25, 2021

Description: 

This publication aims to help North American wealth managers understand the impact of an unprecedented year, and empower them with data as a means to move forward amidst uncertainty. The report focuses on the impact COVID-19 has had on client retention, trading activity and more.

Selected Highlights:

  • “Total asset growth continues to be market-dependent as new client additions have stagnated (...) revenue growth has not kept pace with asset growth”
  • Technology-led wealth platforms had significant growth in 2020
  • More “hybrid households” means more are choosing fee-based accounts. Pricing on these account types is expected to decrease
  • A more conservatively-invested ageing client base that is resistant to fee-based products, puts pressure on advisors
  • Advisors will have greater influence over their ability to attract and retain new clients

How to Access This Publication:

https://www.mckinsey.com/industries/financial-services/our-insights/the-value-of-personal-advice-wealth-management-through-the-pandemic

Happy Reading

There are a ton of expert resources available for wealth professionals. With recovery on everyone’s mind, it’s no surprise that many reports are focused on the outcomes of COVID-19. As a result, this year’s research reports may be even more valuable to help advisors make sense of recent market trends that are anything but status quo. Yet, not every report will speak to every advisor. Choose reading that’s most valuable to you, in your limited time off. We highly recommend printing out any reports just this once, so you can be screen-free on your summer vacation, after a year of Zoom calls. Happy reading, and from our team to yours - enjoy your vacation season!



Image Credits

Feature Image: Unsplash/ Ben White

All screenshots by author, taken July 2021.