[NEOBHÁJENO] Decentralized Governance in Wealth Management: Empowering Institutions through an Innovative Management Model

Abstract

This study explores the effectiveness of a decentralized management model for wealth management companies. Traditional top-down management models may not be well-suited to the dynamic and evolving nature of the wealth management industry. The study draws on a literature review and seeks to gather qualitative data from various wealth management firms that have implemented a decentralized management model. The study finds that a decentralized approach can promote flexibility, innovation, and accountability among team members, leading to improved performance and client satisfaction. However, challenges exist, such as the need for clear communication, shared goals and metrics, and continuous learning. The study concludes by providing recommendations for implementing a decentralized management model in a wealth management company, including aligning it with the organization's goals and values, empowering teams, and fostering a culture of continuous improvement.