In a slowing market, with budgets being squeezed and with margins under pressure, does one invest in people or technology to maintain a competitive edge?
Wealth managers are more worried about their overall business situation following Brexit, new report has revealed. A survey conducted by CPI/PwC found that 72% of asset and wealth managers are more worried than they were three months ago. Others though see positives with 40% viewing Brexit as an opportunity for change and believe it will accelerate transformation. Additionally, 39% said they think it will stimulate innovation and open up the market to new entrants.