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State of the wealth management industry 2023 research report

Wipfli Insights Team
Aug 11, 2023
2023 State of the wealth management industry research report

New research reveals insights from wealth management firms

Following major market disruptions fueled by pandemic irregularities, staffing shortages, rising inflation and more, wealth management firms are facing future operations with cautious optimism.

Wipfli surveyed more than 100 wealth management firms in 28 states to learn about current challenges facing the industry — and the ways firms are working to solve them.

Responses outline firms’ approaches to staffing shortages, technology acquisition demands, changing client demographics and more. They also offer insights into wealth advisors’ broad prediction of growth in this time of continued uncertainty: More than half anticipate revenue growth of between 5%-8% in the coming year, while under a third expect more standard growth of 8%-10%.

Download the full report to explore wealth management advisors’ top priorities and concerns in 2023. You’ll learn how firms are addressing:

  • Employee retention and recruitment
  • Client cultivation
  • Technology integration
  • Mergers and acquisitions

Fill out the form to download the report.