<h1>Wealth managers pivot to digital-first, advice-led, fee-based models prioritizing ethics, suitability, and long-term fiduciary outcomes</h1> CFA Society India and CFA Institute convened a large wealth-management conference in Mumbai addressing industry transformation toward digital-first, advice-led, fee-based models and emphasizing professional standards and ethical duties of charterholders. Attendees included investment professionals, wealth managers and family-office representatives; sessions covered portfolio construction, risk profiling and suitability, manager selection, governance and intergenerational wealth transfer, private-banking business model and compliance challenges, and the role of alternative assets and capital allocation in philanthropy. Discussions highlighted regulatory and operational risks, the need for robust suitability frameworks, talent and technology adoption, and shifts from distribution toward advisory models to align investor protection, transparency and long-term fiduciary outcomes.