8 Ways the Advice and Investing Worlds Are Changing Now

The work of financial advisors and asset managers continues to evolve, and often the two fields converge when serving clients. The details of the industry transformation were recently discussed at length by Katie Koch, TCW's president and CEO, and Bob Oros, Hightower Advisors' chairman and CEO, at the recent 2024 Morningstar Investment Conference. Kanal Kapoor, Morningstar's CEO, moderated the panel and said that the changes represent a paradigm shift in both asset management and wealth management. Here are eight trends driving shifts in these areas. (Pictured: Katie Koch and Bob Oros)