Five tech risks wealth managers can turn into opportunity
By Tom Carnegie, 23 Aug 18
Wealth managers need to look at ways of embracing technology rather than viewing it as a threat
Click through the slides below to see the top tips
Russell says it can be all too easy to respond to the challenge of constantly evolving technology by continually adding new, best-of-breed applications to an existing infrastructure.
“As a result, you may find your firm managing a large number of disparate systems and data becoming disjointed.
“Further, the need for constant upgrades to systems in this type of environment can be daunting and expensive, as it costs more to support the structure and connectivity,” he said.
Wealth management companies need to be thoughtful and stay focused on the value of integration and improvement of their employees’ and customers’ holistic experience.
“It’s also important to spend time identifying your unique value proposition within the markets you serve.”
