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 Easy: Reevaluating the Wealth Management Technology Strategy,” takes a detailed look at the current wealth management landscape assessing the trends that are shaping tomorrow’s technologies. Referencing the latest data on client acquisition, digital wealth management service models, and expanding client-facing offerings, Aite’s research indicates an overarching need for change in client engagement at full-service firms. In addition to enabling digital service, firms must also evaluate how to augment this service with unique data, tools and insights.