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Summary: Expect banks to become bigger players in the wealth management space. According to a new study by Fidelity, over half of bank executives expect to grow their revenue from wealth management practices by 25 percent in the next five years. After dealing with the financial meltdown and the effects of regulatory change, banks are now looking for new revenue opportunities, with a particular interest in fee-based business, according to the Fidelity Bank Wealth Management Study.
 As banks move forward in wealth management space, their ability to transition over that relationship and transition that trust that has been built up over the years will broaden their ability to increase wallet share,
Mike Norton, Head of Banking Segment, Fidelity Institutional.
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