“100% of wealth management firms see ESG as a commercial opportunity”. (C-level research by Compeer Feb 2021).
Client demand is the main driver of ESG integration at firms. Indeed, wealth management clients increasingly want their investments to align with their values and want to ‘do good while doing well’.
The majority of clients see ESG as a real differentiator between firms. Many are willing to leave/choose a firm (2/3rd in the case of millennials according to Cerulli research 2020), based on the quality of their ESG offering and how it is delivered to them.
ESG is currently a hot topic in wealth management with client demand and mitigating risk as the main drivers for firms.
A recent PwC report highlights that within the next 5 years, ESG assets will reach 50% of total assets, and a massive 77% of respondents told PwC they intend to stop investing in ‘traditional non-ESG compliant products’ within the next two years. Currently, the latest figures from the Investment Association show that almost half of all new net money in funds went into ESG funds (Jan-Oct 2020).
We are particularly proud when recognition from market analysts and clients coincides, and this is what happened in Celent’s October 2020 report, Front-to-Middle Office Platforms: EMEA Wealth Management Edition: 2020 XCelent Awards: Powered by VendorMatch. The report was written by Celent Wealth Management Senior Analyst, Ashley Longabaugh.
Objectway WealthTech Suite, in fact, has been awarded with the XCelent award for Breadth of Functionality and for Client Base.
Dear Objectway Customer,
As we enter the holiday season and begin to look ahead to the New Year, I want to extend my personal thanks for trusting Objectway as your digital partner. The coronavirus pandemic and its impacts have been unique and remarkable, requiring all of us to think and act in new ways. Throughout this period, Objectway has remained focused on being there for you every step of the way.
Objectway is a leading software provider of wealth management digital solutions with customers distributed across four continents.
Being headquartered in Italy, we were early to deal with the COVID-19 emergency in the EMEA region. The rapid escalation of COVID-19 outbreak has forced us to test our business continuity plans, in Italy first and soon after that in our UK and Belgium operations.
Last thursday I attended a networking event in London hosted by Objectway. The theme was to help define “The Wealth Management Firm of 2025”. The participants represented the crème-de-la-crème of the UK wealth management/private banking industry, providing more than 3000 jobs, a staggering £105 billion assets under management and combined revenues of £770 million as of 2018.
We recently heard Alberto Cuccu, CEO of Objectway Ltd, on stage at the Global WealthTech Summit in London, talking about creating digital alpha: reaching excellence in modern Fintech, when you must rely on digital technology.