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Here are the top 10 trends in wealth management in 2016 [infographic]

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The year 2015 culminated with two major U.S. wealth management announcements that are likely to impact 2016.

On one side, the country set a higher target range for the federal funds rate, providing much-needed revenue opportunities for wealth management firms and likely catalyzing interest rate reviews elsewhere. On the other, a rule aimed at raising investment-advice standards for retirement accounts is likely to busy wealth management firms.

This, and the increasing pressure to adopt a digital service model, will result in a great deal of change that wealth management firms will have to react to in 2016. The infographic on the next page identfies the Aite Group’s top 10 trends in wealth management in 2016.

A summary of the Aite Group’s report, “Top 10 Trends in Financial Services, 2016: Fintech, Blockchain, and the Internet of Everything,” can be downloaded here.