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Onur Erzan: Taking the Reins at -2-

Barron's · 01/06/2023 12:29

As a longtime student of the industry, what do you find to be the most interesting trends unfolding across the wealth management landscape right now? One, obviously, is the adoption of technology. I think technology has become much more mainstream in the wealth management industry when it comes to client servicing and client reporting. That has been a pretty important shift in the way the industry works. While technology continues to modernize client service, I think human financial advice remains critical. It has probably become more important, actually, with all the recent volatility and the circumstances that individuals have had to deal with. As a result, the demand for human financial advice, in my opinion, has been structurally validated.

Our clients obviously want advice on their investments, but particularly the clients with more complex needs want advice on many different things, whether it's family governance, wealth planning for multigenerational families or tax planning for both U.S. families and global families. So the nature of advice continues to grow, and I think that creates a great opportunity and a challenge for wealth management players.

How do you relax and recharge outside of work? Spending time with my wife and our kids is definitely a big priority. In terms of fun activities, I recently went back to tennis after a long time away. I'm not a good player, but I enjoy the exercise. Listening to books is something that I picked up during Covid while cleaning the apartment with my wife. And, good news and bad news: I enjoy a good meal, I really like the food experience. So that's why I have to keep up with the exercise.

Thanks, Onur.

Write to advisor.editors@barrons.com

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January 06, 2023 12:29 ET (17:29 GMT)

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