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A New Paradigm: Unified Digital Wealth Management

Wealth management firms, especially full-service firms, need to embrace the technology-driven change sweeping across the industry. Evolving technology will continue to impact the industry: new delivery models, compressing prices/margins and delivering consistent advice. Having and implementing a digital strategy is no longer a futuristic, nice-to-have vision; it’s a critical success factor.

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Cost Basis Reporting: Firms Reveal Biggest Needs, Drivers Behind Conversion of Legacy Systems

After quickly putting in place major system upgrades to meet new cost basis regulations several years back, many financial services firms have now realized that their solutions were not necessarily scalable to their enterprise or sufficiently flexible to adapt to the ongoing evolution of the requirements. Yet, even when dissatisfied with their existing systems, some firms have been hesitant to convert to a different reporting solution because of the potential risk of new system limitations, the significant investments made in their first system, or the perceived effort required to undertake such a conversion.

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Reevaluating the Wealth Management Technology Strategy

As the wealth management landscape continues to evolve with new technologies and user expectations, investments in client-facing technology have taken new precedence. Investment firms, faced with changing client profiles and technological advancements, are reevaluating their technology strategy in order to successfully engage investors and advisors. The latest research from Aite Group titled, “The Race to […]

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The State of Online Brokerage Platforms

Today’s U.S. self-directed market has evolved to address the realities of the “post-financial crisis” world. From generational shifts and changing client expectations to regulatory pressures and technological advances, the online brokerage market is being re-engineered to power an enhanced, multi-faceted client investment experience. The latest research from Celent titled, “The State of Online Brokerage Platforms,” guides financial […]

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Evolving Priorities: Digital Strategy a Rallying Call for Financial Institutions

Digital technology continues to expand with remarkable speed and ever-broadening scope.  As it does, it is rapidly and permanently altering consumer’s expectations about their relationships with financial institutions.  Given the fast-changing environment, firms are understandably prone to being consumed by short-term, piecemeal tactics.  However, to meet and exceed consumer expectations over the long haul, it […]

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Extend Your Wealth Management Business with Online Brokerage

A fully integrated self-directed investments channel has become an essential component to a comprehensive wealth management strategy. The latest research from Aite Group and Riperian titled, “Extend Your Wealth Management Business with Online Brokerage,” guides financial institutions through the development of a self-directed brokerage platform. Referencing research on online trading platforms, investor trading behavior, and […]

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Cost Basis Reporting: Total Cost of Ownership

With compliance deadlines fast approaching, financial institutions are now looking toward new and innovative ways to get the most out of their cost basis reporting investment. From total cost of ownership initiatives to maximizing the value of data, cost basis reporting has financial institutions reevaluating their overall strategy to better balance operational, business and client […]

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Client Experience Matters: Making the Case for the Mobile Brokerage Channel

Not that long ago, mobile technology was a revolutionary new force.  Today, it’s already become an integral part of the lives of more than 126 million Americans, with uses that extend throughout the full range of both everyday and not-so-everyday activity.  Among online brokers, mobile trades via mobile apps have more than doubled since the […]

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The Race for Self-Directed Investors: Developments in Online Trading Among Brokers and Banks

Recent research from Celent titled, “The Race for Self-Directed Investors: Developments in Online Trading among Brokers and Banks,”  takes a look at the evolution of self-directed technology and it’s usage among online and bank brokerages. The report reviews the current state of the online brokerage industry, identifies trends and developments for trading activity in online brokerage and […]

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The Race for Next-Generation Assets: Can Banks Maintain Their Lead?

According to Aite Group’s recent survey of more than 1,000 US investors, convenience and online tools that support the investment process were cited as key reasons for GenXers and GenYers to shift assets between financial institutions.  As younger, tech-savvy investors look for greater control of the investment decision-making process, wealth management firms, particularly banks, must ensure […]