man providing wealth management services Source: Shutterstock.

While wealth management is not often the prime topic of conversation among credit unions, it is one that warrants attention. While many credit unions are focused on attracting new members with the best rates and newest mobile banking experiences, they are missing out on an element of their business that needs the same digital update – investing.

The Boston Consulting Group estimated there is $74.3 trillion of global assets under management. While more than half of these managed assets belong to institutional investors like banks or funds, the remainder belongs to smaller organizations or individuals. Just from individuals alone, there are trillions of dollars being invested each year.

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