Technology plays an important role in wealth management operations, streamlining processes, increasing transparency, and, ultimately, helping to build stronger client relations.
The WealthStack Study, brought to you by WealthManagement.com and sponsored by BILL, asked advisors, c-suite executives, and others across the industry how they are using technology to grow their firms and better serve their customers.
The survey breaks down the findings by the three categories of technology users: Innovators, Operators, and Laggards. In addition to uncovering the top-three business objectives for firms, it also reveals the leading reasons wealth managers are investing in technology. They include:
Enhancing efficiency and, ultimately, productivity
Creating deeper relationships with clients and improving communications
Providing services that align with what today’s modern clients need, such as bill pay
Whatever your category of technology adoption is, this report will help you understand your peers’ motivations behind wealth tech use and adoption.