“There has been a higher level of contacts across the spectrum. The volume of contacts that the investment advisors receive from the investment community has increased substantially,” he said. “Advisors needed to manage multiple priorities in their day-to-day work, and the investor’s appetite for information has increased as well during the pandemic.”
The landscape of investment products has also changed due to the changing regulatory climate, forcing advisors to discover ways to streamline their operations while maintaining efficiency. Even as many advisory firms work to simplify and downsize their selection of investment product options, asset managers and fund companies are launching new products whose complexity is increasing to answer new market needs.
“The ongoing pressure on fees and demand for sustainable investments are also transforming the industry,” D’Iorio said. “This has pushed us to become product and subject matter specialists for advisors to help them navigate this new investment environment.”
To see WP’s full profile coverage with Andrew D’Iorio, click here.
