Transforming the Wealth Management Experience
10.27.23
The financial distribution “supply chain” between asset managers and their financial advisor and wealth management firm clients has been fraught with wasted resources, engagement friction, and many inefficiencies. Engagement between wealth managers and their asset manager vendors - which has largely relied on spreadsheets, emails, and SharePoint folders for tracking, communication, and storing files - has been a growing anachronism in today’s rapidly changing business environment driven by technology and business model innovation.
Financial technology firms are increasingly addressing this need by developing solutions offering industry-altering modernization, procedural simplification, sleek efficiency, and a much-needed customer experience focus. This is a large scale, strategic endeavor, but to date, has largely addressed singular pain points.
To better explore this modern movement and understand the technology of change behind it, Brian Moran and Mark Spina deliver a deep-dive on how they have been using technology to redraw the landscape of engagement within the wealth management industry.