But a recent DST kasina white paper, published online February 22, 2017, suggests that rather than treating disruption as a problem that needs to be solved, those of us working in the financial services industry should instead look at disruptive trends as opportunities for business transformation.
“Capitalizing on Disruption: Transforming Asset Management for 2020” is an insightful paper for a number of reasons, including:
- The clarity with which the authors describe the disruptors we’ve been discussing for years like the pace of regulatory change and the evolution of technology and investor demographics.
- The detailed explanation of the trends in industry consolidation among both broker-dealers and asset managers.
- The identification of three potential avenues and action steps for driving efficiency and transformation: product development, distribution, marketing.
It closes with a checklist you can use to score your firm’s readiness for transformative change.
The paper does an effective job at consolidating the information into an easy to read format, including the checklist — and filled with info graphics. It is an insightful resource and easy to share with other members of your team who have responsibility for turning disruptive trends into business opportunities.
“Capitalizing on Disruption: Transforming Asset Management for 2020” is free and available for download on the DST kasina website.