I think the failure of the traditional asset managers to own the narrative is the biggest drawback that they have. Some of them have gone ahead to develop apps (although not as great as the fintechs') and some are even offering exposure to US markets like ARM stock trade but they still fail to appeal to the millennials and gen Z. Either ways, I think some of them will still win through the fintechs' win by the virtue of partnerships.
Informative.
Fantastic piece!!
I think the failure of the traditional asset managers to own the narrative is the biggest drawback that they have. Some of them have gone ahead to develop apps (although not as great as the fintechs') and some are even offering exposure to US markets like ARM stock trade but they still fail to appeal to the millennials and gen Z. Either ways, I think some of them will still win through the fintechs' win by the virtue of partnerships.