Wealth Management 2024: Re-Imagining Engagement
In recent years, Wealth Management continues to grow and show a significant increase, especially in Indonesia along with the increasing number of high net worth individuals and workers in this field. In addition, Wealth Management is also in the spotlight both in terms of services and products offered. Indonesia's current macroeconomic conditions provide enormous opportunities for the development of the Wealth Management industry, including product innovation and excellent service for customers who are increasingly "attractive." Furthermore, the International Monetary Fund (IMF) measures countries’ economies based on the projected value of gross domestic product (GDP). By 2023, Indonesia's GDP value is projected to reach US$1.4 trillion. This figure is equivalent to 1.4% of total global GDP, and ranks Indonesia 16th in the world. Meanwhile, Indonesia's projected economic growth rate in 2024 is estimated to reach 4.7%-5.5% according to Bank Indonesia, 5.1% according to the International Monetary Fund (IMF), and 5% according to the Asian Development Bank (ADB). With all the above facts, and by understanding the re-imagining engagement is the key to designing smart business strategies, product innovations that refer to client needs, and excellent services that are in line with technological developments.