Wealth managers reluctant to outsource fearing loss of privacy

27 July 2012 | 2 minutes read

Despite the alluring cost-savings associated with outsourcing, wealth managers are reluctant to engage third-party providers because of confidentiality and privacy issues, according to a new report by US-based research and advisory firm Celent. In a new report, Wealth Management Outsourcing: A Global Market Perspective, Celent discusses the adoption of outsourcing in the wealth management industry. Outsourcing has been in use in…

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