Customer Data Management And Data Analytics
The main areas of focus include customer data management and data analytics. Both these processes are interrelated and play a key role in the performance of a financial advisor. Proper data management helps in improving customer satisfaction levels, while data analytics improves the financial decision-making process. Moreover, a good financial advisor ensures that there is proper interaction between financial assets and liabilities.
The Banking And Financial Services Industry
In recent years, the banking and financial services industry has seen significant growth and development. Although financial institutions saw slow and steady growth in the past five years, financial institutions have experienced growth in the past two years alone. This growth can be attributed to various factors such as the economic climate, consumer spending habits, and banking products. Digital-only accounts gained popularity and penetration in the past few years, which were mainly responsible for the growth of the banking sector.
