We’re pleased to provide you with insights like these from Boston Private. Boston Private is now an SVB company. Together we’re well positioned to offer you the service, understanding, guidance and solutions to help you discover opportunities and build wealth – now and in the future.
Basic financial services are becoming increasingly commoditized. Growing numbers of DIY platforms empower consumers to transfer money, pay bills, borrow, trade securities and invest, all via the convenience of a mobile app or online platform. The initial obstacles to new tech-driven models - inertia, consumer confidence, technological acuity, platform agility and regulatory preparedness - are steadily fading. From what I've seen, most financial services firms understand that it is now a matter of "when," not "if," a new model will disrupt Wall Street and banking in general - not unlike the industry-altering disruption driven by companies such as Apple, Amazon and Netflix…
Anthony DeChellis, CEO of SVB Private, is a contributor to Forbes' Finance Council, an invitation-only group of thought leaders in accounting, financial planning and wealth management.
