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New Culture Clash to Come From External Forces

The bank advisory business is in a struggle for relevance. And the problem is, many of the individuals involved don’t even realize it.

[…M]any  advisors have pointed to [the] branch reduction as the bane of their existence. But Wayne Cutler, managing director of consulting firm Novantas, says they have missed the main point, which is that banks are trying to reduce the day-to-day transactional traffic, not advisory business. In fact, many banks have been trying to highlight their advisors and morph their branches into and advisory/planning destination.

Read the full article at Bank Investment Consultant or in the July/August print issue…

For more information, contact Novantas Marketing

+1 (212) 901-2772

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