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7. Market-Responsive
The onslaught of technology is driving this buzzword, with every wealth manager keen to show it has the upper hand thanks to proprietary artificial intelligence and other tools to screen and potentially adapt portfolios 24/7 for every market blip. This is a great idea if somewhat diluted in more industry jargon of «optimizing of investment portfolios» through «innovative solutions» and «bespoke services».
In short, it simply means private banks shouldn’t rest on their laurels: the rapid-fire churn in financial markets needs very responsive and initiative money managers.
