March 29, 2022

Refinitiv Wealth Management Report – Getting Personal: How wealth firms can attract and retain the modern investor – Highlights data insights from investors

Alternative assets - 51% of investors globally are familiar with sustainable investments. 44% of  advisor-led investors are familiar with ESG factors compared to 53% of self-directed investors.

Digital capabilities – 58% of advisor-led investors and 62% of hybrid advisor and self-directed  clients state “advisor recommendations” as the most reliable source of information.

Personalisation - 64% of millennials and 51% of the 35-54 age bracket are willing to pay more for personalised investing products and services. The number was highest with Latin America 70%, Asia Pacific 47%, Europe 33%, and North America 22%.

NEW YORK, 29 March 2022 – Refinitiv, an LSEG Business, today released the findings of its latest Wealth Management report titled ‘Getting Personal: How wealth firms can attract and retain the modern investor’. The report is based on research commissioned by Refinitiv that surveyed more than 1,500 self-directed and advised mass affluent and high-net-worth investors, located across 13 countries: Australia, Brazil, Canada, China, France/Monaco, Germany, Hong Kong, Japan, Mexico, Singapore, Switzerland, UK and U.S.

The study highlights the need for wealth managers to personalise the client experience through a combination of digital offerings and high-touch service, ensuring existing clients stay engaged and prospective clients feel that their money and their future will be cared for over the long-term. The study found that to build client-centric solutions that attract and retain investors, wealth management firms need to understand what sets their investors apart and what similarities they share. The study discusses: what investment opportunities clients want, how they want to interact with those opportunities and why they are investing in the first place.

Key findings of the study include:

  • 51% of investors globally are familiar with sustainable investments
  • 32% of millennials believe tokenised assets will have the biggest positive impact on financial markets, followed by 23% for non-fungible tokens (NFT)
  • 58% of advisor-led investors and 62% of hybrid advisor and self-directed clients state ‘advisor recommendations’ as the most reliable source of information
  • 64% of millennials and 51% in the 35-54 age bracket are willing to pay more for personalised investing products and services: Latin America stood at 70%, Asia Pacific 47%, Europe 33%, and North America 22

Sabrina Bailey, Global Head of Wealth, Data & Analytics, LSEG said: “As investor needs continue to change and reflect new ways of investing and doing business, so too must those of financial advisors to retain clients and grow their business. Our report makes clear what those key investor expectations are and what financial advisors need to do to inspire confidence: provide a broader range of digital capabilities, personalised products and services, and alternative investment opportunities.”

William Trout, Director of Wealth Management, Javelin Strategy & Research said: “The rise of next-best-action and direct-indexing tools point to investor yearning for personalized service and proactive engagement from the financial advisor. The Refinitiv Wealth Management report both highlights the role of the advisor as a catalyst for decision-making and underscores the contribution of digital technology in shattering trade-offs between customization and scale.”

April Rudin, CEO, The Rudin Group said: “Today’s consumers have grown not only to appreciate, but to expect the ‘know me’ experience from the companies with whom they choose to interact. It’s no surprise they would expect the same level of personalization when it comes to their investments. Financial advisors are waking up to this notion and actively evolving their offer, but as this study underscores, there is lots of work – and opportunity – still ahead.”

Key takeaways from the study include five steps for advisors to personalise their client experience:

  • Choose your alternatives: Ensure you can meet the growing need for alternative investment data gaining popularity among investors, including cryptocurrencies, NFTs and tokenised assets
  • Get social: Develop your social media presence to increase engagement and exposure of your service
  • Enhance mobile: Enhance mobile access to your investors’ portfolio, including real-time data, trading tools and tax documents, to increase collaboration and effectiveness
  • Keep it simple: Build a single view of your client’s investment portfolio, increasing efficiency and streamlining the client experience
  • Humans drive loyalty: Leverage technology to enhance and improve the human touch, not replace it

 For a copy of the Refinitiv wealth management report titled ‘Getting Personal: How wealth firms can attract and retain the modern investor’, please visit:

For more information about Refinitiv Wealth Management, visit:

Refinitiv has a rich history of servicing the Wealth Management industry from front to back office. Over the last year, the firm has invested heavily in the business and is committed to bringing the most advanced solutions to the market. Refinitiv offers market-leading content such as Reuters news, Lipper mutual fund data, I/B/E/S Estimates and a comprehensive ESG ratings database. Most recently, Refinitiv has been building out the firm’s solutions including Refinitiv Workspace for Wealth Advisors, and recently launched Refinitiv Active Investor, a scalable market data and trading platform for active traders.

About Refinitiv

Refinitiv, an LSEG (London Stock Exchange Group) business, is one of the world’s largest providers of financial markets data and infrastructure. Refinitiv is powering participants across the global financial marketplace. We provide information, insights, and technology that enable customers to execute critical investing, trading and risk decisions with confidence. By combining a unique open platform with best-inclass data and expertise, we connect people with choice and opportunity – driving performance, innovation and growth for our customers and partners. For more information visit:


Lemuel Brewster
Refinitiv, London Stock Exchange Group
Communications Director
Mobile +1 (917) 805-1089