An Assessment Model for Wealth Management Banks Based on the Fuzzy Evaluation Method

Abstract

COVID-19 has led people to question numerous aspects of life, including family budgetary arrangements and wealth management. The COVID-19 pandemic has thrown many of us a financial curveball. Managing personal finances is important, particularly during a crisis, such as the COVID-19 pandemic. Although the economic consequences are evident, financially induced stress caused by uncertainty is less visible. Individual wealth increments and firm size measures have brought a commensurate increment in their respective resources. Thus, monitoring these resources and coordinate investment exercises is necessary to preserve resource development. The best method to improve wealth management banks is to consider competitive preferences by designating a set of wealth management bank selections to oversee individuals’ wealth viably. This paper provides a step-by-step assessment guide for wealth management banks using multiple-criteria decision-making to illustrate the appropriateness of the proposed technique. We found that the two primary aspects of wealth management bank evaluations are transaction safety and professional financial knowledge. The proposed approach is relatively straightforward and appropriate for such key decision-making issues.