Balancing short-term needs with long-term financial wellness

The Fintech Effect 2022 for wealth managers

Many consumers are focused on short-term needs and 95% are experiencing some degree of financial stress. To help consumers achieve financial wellness, wealth managers will first have to help them meet these needs and bridge their knowledge gaps.

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77%

Of consumers say accessing their finances from anywhere has helped them navigate a challenging economy

73%

Of consumers use payment services, making them the most widely adopted fintech tool

79%

Of consumers crave more financial knowledge, with topics like spending and saving topping the list

Download this executive briefing to learn:

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What financial topics consumers want to learn about the most — saving, investing, and more

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How different fintech tools meet consumer needs based on their financial situations

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Why open finance is increasingly important for asset managers to share effective advice 

Asset managers have an opportunity to help consumers meet short-term needs and educate them about foundational financial topics like spending and saving.