Cubby Bice graduated summa cum laude from Georgia State University in 1998, where he studied finance. He is currently studying for a PhD in finance from Liberty University. He also has a BA in finance from Eastern Washington University where he graduated magna cum laude. Since 2004, Cubby Bice has been the president of Bice Wealth Management, a financial wealth management consulting firm.
The wealth management industry is constantly growing and changing. Here are three trends currently shaping the sector:
Increased Democratization
One notable trend is the democratization of the range of investment solutions available to clients. This is marked by the availability of several liquid alternatives to traditional hedge funds, such as exchange-traded mutual funds (EMTFs) and exchange-traded funds (ETFs).
Role of Technology
Clients (particularly the younger generation) are increasingly gravitating to wealth management firms that have deployed the most responsive technology. Younger clients are interested in technologies such as digital platforms and apps when planning their wealth creation and management strategies.
Utilization of Artificial Intelligence
Wealth management firms and managers are increasingly adopting artificial intelligence (AI). They are using AI to speed up their onboarding and know-your-customer (KYC) processes.
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