Why is that -we never feel rich? Despite the average price of a London house now exceeding over half a million pounds sterling, – which sounds pretty rich to me, somehow, why is it that there is always the need for more? Or maybe it is not. Maybe it is just the need for stability?
We look at the inevitable rise of the Global WealthTech Summit in London this November 4th, and ask: is it now essential to be there?
Of course it is.
Apparently, the people who work in chocolate factories, no longer enjoy eating chocolate. It’s not that they don’t actually “enjoy” it – it’s just that there is no motivation any more. When everybody else is on that same ladder, and in that same predicament – the feeling of satisfaction, that you would have thought is part of being in a privileged environment – is lost in that daily routine.
And the same goes for the banks, asset managers, service providers, whose jobs it is to manage our money. And it’s taken a while. Over the past two or three years, the discussions over philosophical points of transformation, have hardly been rapid. People have taken their time. Perhaps there wasn’t a sense of pressure, – but I don’t believe that. It is just that people were confused and hesitant.
But that was last year, and this is now.
According to research recently carried out at the RocketFin boutique just off Liverpool Street -things are certainly happening in 2025! There is an impetus in fast and accurate development of new processes. At a recent London meeting, Director Lawrence Peirson told me that “At RocketFin, our edge is speed—powered by precision tech and a deep understanding of what clients actually need.”
Organisations that were just not sure – have finally dipped their toes and even kneecaps into the water, with new promises of clever tech and transformation. And the projects are large, and almost certainly include legacy system issues. Big issues indeed.
And yet – that is as far as it goes; these are defined projects. They have a start, and hopefully an end. And they use AI of course – but not in the way that so many expect. The AI is textual, and gives summaries. We are still looking for mainstream acceptance that can deliver a real difference. And that may be because we are looking in the wrong place.
The GLOBAL WEALTHTECH Summit, is a new way of seeing life. With over 400 WEALTHTECH buyers, at some of the highest levels of decision making and banking and finance experience, it has an immediate purpose, to bring some sense of order to a market critically out of balance with global upheaval and uncertainty. It is part of a series of some eleven related financial events, all designed to bring together the top innovators in wealth and asset management. With more than 78% of delegates at C-suite level, this is the venue of choice for people who know how to generate revenue,
And it may not be just about technology. Interestingly, if there are new trends, they may not be tech for the sake of it. According to Selby Jennings, the large executive placement company, – according to their own website – current trends are more about getting the right person , than the right tech; “At Selby Jennings, we’re seeing firsthand how firms are prioritizing candidates who have deep financial knowledge but also possess technical skills in data science, machine learning, and algorithmic modeling. These professionals are building the algorithms that are revolutionizing the industry.”
True enough – but then again, you could argue, if the tech choice isn’t right, then it does not matter what else happens.
I think this is serious. We expect to see a mix of tech, with realistic experience of commercial experience. Sure, we can take perhaps a more genteel approach, and discuss the finer points of say… asset management, etc – but the ambience of this year is business.
There is one of those pop up confectionery stalls just across the street at Marylebone station, not far from the Summit venue. Maybe it’s time for that bar of chocolate.
We are all rich now.
The Global Wealth Management Summit is on the 4th November 2025 at; etc.venues, Aldersgate, St Pauls, London. https://fintech.global/globalwealthtechsummit/
