Nalika C. Nanayakkara | Source | EY Americas Wealth & Asset Management Consulting Leader at Ernst & Young
Nalika C. Nanayakkara
Nalika leads the Wealth and Asset Management (WAM) Consulting business for EY in the US, advising many of the top global WAM organizations on strategy, growth, efficiency, and innovation. She has led projects ranging from strategy to execution, focusing on business, operations and technology operating models. She works with clients to define innovative offerings for the digital age.
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There is still white space in the wealth management industry for mass affluent investors, so innovative fintechs can find niches to be successful in, for example, going beyond robo to bring private equity or other alternative investments to the masses. VCs funding will target these firms.
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Most other independent first-generation robos are focusing on having a platform strong enough so they can get acquired by an incumbent. I believe this is one of the reasons that VCs are still finding them attractive.
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Why are robos still attracting millions?Industry critiques of Wealthfront reflect doubts about first-generation digital platforms.
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Ernst & Young
EY Americas Wealth & Asset Management Consulting Leader