How will the investment industry look in 2030, a mere 15 years from now? The world today is very different from the one our parents, grandparents, and even great-grandparents knew many years ago. A decade and a half from now, we can only expect things to change even more.

In the realm of finance and investment, analysts agree that certain trends—or, to quote KPMG, “megatrends”—have already begun to drive a major transformation. We discuss four of them here:

1. The Role of Technology

As client needs change, newer business models have emerged to meet them. One such model causing waves today is financial technology. By maximizing the technology they have in hand (including the Internet), these “fin-tech” firms are changing the way people go about banking.

Picturing today’s youth with their laptops and lattes managing these fin-tech start-ups, you may think it’s all hype and will pass soon enough. Looking at the growth rates and profit margins of these young firms, however, it looks like they’re here to stay.

2. Future of Investment

Once built on the backs of the baby boomers, the industry is now experiencing a generation shift. It’s leaving the reins in the hands of a younger, more dynamic client group—the very one that’s leading the fin-tech megatrend.

Additionally, the “face” of investment now may hardly be recognizable in 15 to 30 years. We expect that the investors of 2030 and beyond would be much more mobile and global. They’d be more connected and come from a more diverse demographic than the clients of investment managers today.

3. Importance of Trust

We also expect changes in the way financial institutions deal with their customers. Trust is already becoming a big component of the total customer experience. The idea is to build mutual trust through honest and transparent financial services.

Many professional asset and wealth management firms in DC are already adapting this “trust paradigm.” AOG Wealth Management, for example, operates on this very principle. Since investing is an important aspect of securing your financial future, seeking the help of a professional you can trust is necessary.

4. Evolution of Outcome-Oriented Solutions

According to KPMG, we’ve started to see this trend emerge in the country already. Outcome-oriented solutions differ from the traditional approach in that they focus more on the customer and less on the product. It zeroes in on the problem and devises strategies to help clients get what they really want.

AOG Wealth Management uses this approach. The first step is to set personal investment goals, whether that means setting up a retirement fund, college savings, or mutual fund. Then we’ll establish a financial planning program through which our asset and wealth management DC professionals can help you meet your goals.

Whether these megatrends in the investment industry will stay, one can’t really say. No one can comprehensively predict the future, after all. But AOG Wealth Management can certainly help you prepare for it. Contact us today to learn more about our financial services.

The article and opinions in this publication are for general information only and are not intended to provide specific advice or recommendations for any individual. We suggest that you consult your accountant, tax, or legal advisor with regard to your individual situation.