Wealth Management Organizations Can Boost Investor Experience Through Personalized Interactions

by | Nov 23, 2021

4 Innovative Ways to Personalize Wealth Management Communications

Customer experience (CX) is a key differentiator in today’s dynamic, digital environment and personalization is a critical CX enhancement tool. Companies today, including wealth management organizations, need to ensure they are providing customers/investors with personalized service and interactions. This will show that the organization understands them and their specific needs at each point in their journey together.

The wealth sector has been facing several key challenges, even pre-pandemic, including digital disruption from non-traditional competitors and a shift in how investors expect to interact with their wealth managers. To retain existing clients and grow their assets under management or administration, wealth companies must focus on achieving higher levels of satisfaction when it comes to investor engagement.

Personalization Drives Better Engagement & Revenue

Drives Interest

71% of consumers say a personalized experience influences their decision to engage.

– Dynamic Yield

Motivates Action

202% of companies see an increase in conversions when calls-to-action are personalized

– HubSpot

Increase Loyalty

28% of consumers have increased brand loyalty when communications they receive are personalized.

– SmarterHQ

Boosts ROI

95% of companies that saw 3x ROI from their personalization efforts.

– Monetate

Doxim offers a holistic CCM solution that will help boost investor experience and make every interaction count. Connect with a Doxim CCM expert in wealth management today


Understanding the value of personalization

Recent research by Keypoint Intelligence confirms that consumers recognize and respond to personalization.

About 45% of consumers spent much more time reviewing digital marketing communications that were personalized and relevant to them than generic communications. This share was even higher for direct mail (52%).

As cited by 43% of consumers, personalization was the top factor that made consumers more likely to read or review a digital marketing communication.

Only about 37% of consumers were frequently or very frequently receiving highly personalized marketing communications, so is there is certainly room for improvement.

Businesses have realized that personalization is particularly important to consumers. According to Keypoint Intelligence’s Vertical Visions research, 84% of financial/banking firms that used direct mail customized or personalized these pieces to have more targeted messaging. Of these firms, the vast majority report significantly or moderately higher response rates on personalized/customized direct mail.

Personalizing Wealth Management Communications supports the recent shift to Customer Experience Management

Across industries, we’re seeing a shift from Customer Communication Management (CCM) to Customer Experience Management (CXM).

It’s therefore vital to enhance investor experience through personalized interaction, and this can be achieved by engaging investors with communications that are:

  • Frequent and ongoing – to maintain good engagement
  • Connected across touchpoints of the investor journey – where one communication triggers the next
  • Omnichannel and delivered in the member’s preferred channel
  • Ad hoc and frequently interactive, supporting 2-way engagement
  • And, most importantly, PERSONALIZED

4 Innovative ways to Personalize Wealth Management Communications

The latest release of Doxim CCM incorporates 4 powerful new tools your wealth management organization can leverage to achieve effective, personalized communications that deliver business results:

  • Targeted, Personalized Onserts – drive demand by including onserts, which are advertisements and messages that appear directly on investor  statements and communications, in designated blocks. But, because no two investors are the same, marketing business users can segment their investors, design and upload onserts for each segment and apply logic – so that during document generation the process will automatically select and include the right onsert based on the individual investor’s data.
  • Self-Serve Correspondence – give your customer service team the ability to send urgent communications to investors. Doxim CCM Self-Serve Correspondence gives them the control, speed, and agility they need to rapidly author service communications and, in doing so, deliver a better investor experience.
  • Personalized, Interactive Video – satisfy investors, motivate them to act, drive conversions and wallet share, as well as lower the cost per sale with Doxim CCM Interactive Video. It delivers an interactive and personalized experience utilizing the same statement extract data that drives traditional print, PDF or interactive HTML statements – providing investors with a superior digitally engaged experience.
  • Interactive Documents – Provide rich, interactive information and personalized end-to-end engagement – all contained within the capsule of a PDF document and sent securely to the investor via email with Doxim CCM Interactive Documents.

How Doxim Can Help Wealth Management Organizations Achieve Their CXM Goals

As a single, trusted partner offering a holistic CCM solution that will meet all your CXM needs, Doxim can help you operationalize your investor experience strategy and make every interaction count.

Doxim’s omnichannel CCM platform can empower your business users to generate the frequent, ongoing, and personal interactions your investors have become accustomed to and crave. Communications are also distributed through multiple channels (via print, PDF, HTML, email, text, and online interactive experiences) to further enhance the investor experience.

The omnichannel capabilities of the platform are such that when an investor calls in for support, the service representative can provide immediate assistance by calling up the communication or document that the customer received. This keeps every customer communication connected, making multi-step, omnichannel customer interactions a reality.

Doxim CCM Interactive Video provides the ‘personal touch’ needed to simplify complex information and drive increased satisfaction and wallet share. Seamlessly integrated into the broader Doxim CCM platform, Doxim CCM Interactive Video will enable personalized digital experiences, such as interactive statements, or reports, that offer visual engagement and real-time interactivity.

Behind the scenes, Doxim’s seasoned customer experience experts can also help you encourage investor engagement and consult on creative communication design that delivers a great user experience.

And of course, Doxim’s customer communications management technology offers you all the security and compliance you require to keep your investors’ sensitive data secure, plus the scalability and flexible pricing you would expect from a modern SaaS-based solution.

Let’s discuss how we can help personalize your wealth management communications to ensure a great investor experience. CONNECT WITH ME


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Scott Biel
Scott has 25 years of experience in Customer Communications Management (CCM), with a primary focus on delivering exceptional results for the financial services industry.In his current position as VP Sales, Financial Services North America, Scott leads a team of sales executives who sell Doxim solutions to the financial services industry, including Wealth, Insurance, Banking and Credit Unions.Scott leverages his extensive knowledge of CCM, regulated and financial services to improve customer experience, drive operational effectiveness and achieve cost optimization through digital technologies.

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