Asset Management as a Saving Grace for Banks

The video discusses the asset and wealth management industry, highlighting the challenges of an aging workforce and the high cost of training new financial advisors. It explores profitability trends, the shift of European banks towards wealth management, and the importance of brand in high net worth management. The video also addresses the challenges of cross-selling in financial services and concludes with a focus on the gender investing gap and how ElleVest aims to better serve women investors.

Discuss the impact of aging financial advisors on the asset management industry.

What are the challenges faced by financial advisors as mentioned in the text?

How has the profitability of wealth and asset management businesses changed over the years?

What is the significance of the gender investing gap mentioned in the text?

What strategies are suggested for better serving women in investment?