The wealth management industry is rapidly evolving in response to changing demographics, technology, investment in innovation and the increasing demand for financial planning advice and services. It is estimated that 10,000 baby boomers have and will turn 65 each day from 2011 to 2029 and they face a $4.1 trillion "retirement gap." As a result, the demand for financial planning services is increasing and the industry is evolving to fill this need.
This need is expected to increase as the financial planning landscape gets more complicated due to tax changes, regulation, assets' complexity and the growing demand for alternative asset classes. More and more, registered investment advisors indicate that they would like to hire students with both quantitative and "soft" interpersonal skills.
Further, there is critical need for increased communication between academic researchers exploring wealth management solutions and the industry professionals using them. Thus, a platform to convene state-of-the-art academic research and such concerns could revolutionize the Wealth Management industry.
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