Future of financial advice

2024

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AI-generated summary

1) This World Economic Forum white paper examines how shifting demographics, new technologies, and social media finfluencers are transforming the financial advisory landscape to expand access and foster financial resilience.
2)
- Analyzes six key trends shaping the future of advice: demographics, holistic well-being, digital accessibility, transparent pricing, technology innovation, and social media.
- Evaluates the rise of "finfluencers" and the associated risks, regulatory responses, and consumer protection needs across global markets.
- Provides actionable recommendations for financial institutions, regulators, social media companies, and investors.
3) Tags: financial advice, fintech, wealth management, financial literacy, social media

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