Preparing for Transformative Evolution in Wealth Management
Evolution, at its core, is about transformative change. While evolution typically happens gradually, sometimes it can seem like it occurred overnight, especially for those unprepared. We all know that change is inevitable, but in business, it’s not always positive, producing winners and losers. It’s how individual businesses, and even whole industries, prepare for evolutionary change and react when it occurs that determines success or failure. This is true even in an industry as heavily regulated as wealth management.