Client Preferences for Digitalization and Ecosystems in Wealth Management

Teodoro Cocca ()
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Teodoro Cocca: Johannes Kepler University Linz, Postal: Altenbergerstrasse 69, 4040 Linz, Austria, https://www.jku.at/Institut-fuer-betriebliche-finanzwirtschaft/

Journal of Financial Transformation, 2020, vol. 51, 82-92

Abstract: This article uses empirically collected data in Switzerland, Germany, and Austria to illustrate how the share of digital clients in wealth management has evolved since 2012. Using this data, we try to determine the relationship between client characteristics and the preference for bank-centric or open ecosystems. We find that a clear majority of clients seem to lean toward an open digital wealth management ecosystem as opposed to a bank-centric one.

Keywords: Banks-Bahavioral; Finance-Digitalization-Wealth; Management (search for similar items in EconPapers)
JEL-codes: G40 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:ris:jofitr:1645

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