Eighty-four percent of surveyed asset managers and investors say that disruptive technologies are enhancing operating efficiency, a figure closely matched by those noting improvement in revenue (80%). That’s according to PwC’s 2024 asset and wealth management report titled, “Unleashing the transformative power of disruptive technology.”
The report, released in November 2024, features insights from 264 asset managers and 257 institutional investors from across 28 countries and territories and highlights how disruptive technologies are transforming investor expectations, driving innovation, and opening new markets.
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The PwC report estimates global assets under management held by asset and wealth managers will hit $171 trillion by 2028.
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In addition, investors continue to show a growing interest in digital assets and cryptocurrencies.
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Moreover, when asked which disruptive technologies would transform wealth management in the years ahead, asset managers and institutional investors highlighted artificial intelligence, generative AI, cloud infrastructure, big data, and blockchain.
