As the world grapples with rapid technological advancements, demographic shifts and evolving consumer expectations, the landscape of financial advice is undergoing a profound transformation.

Traditional models of financial advice are being reevaluated in light of these changes, pushing the industry towards innovative practices that could significantly enhance the financial well-being of individuals globally. This white paper delves into the transformative trends in financial advice, drawing on insights from industry leaders, academics and policy-makers. It emphasizes the pivotal role of financial advice in major life decisions – from retirement planning to debt management and investment strategies.

Addressing the challenges of this dynamic era, the paper calls for technological innovation, enhanced financial literacy and a holistic approach that promotes inclusivity and transparency. The ultimate goal is to empower individuals to make informed financial decisions that facilitate long-term financial stability and well-being.

Report by the World Economic Forum