BlackRock's Jaime Magyera on Wealth Management and Retirement | Masters in Business
From Masters in Business
Jaime Magyera•Head of U.S. Wealth Advisory and Retirement Business, BlackRock
Executive Summary
11 quotes
Concerns Raised
A significant disconnect exists between the high retirement confidence of savers and the low confidence of plan sponsors regarding employees' retirement security.
Retirees exhibit low confidence in their ability to manage finances and sustain their lifestyle after they stop working.
Organic growth remains a primary challenge for wealth management firms, requiring them to improve scale and efficiency.
Opportunities Identified
The $70 trillion+ wealth transfer to women and younger generations.
Expanding access to private market assets for wealth management clients to enhance returns.
The growing $350 billion market for outsourced model portfolios.
Increased adoption of Bitcoin ETFs by financial advisors and wealth platforms.
Providing sophisticated tax management solutions like direct indexing to capture 'tax alpha'.