Wealth Managers: Time to Shift Your Technology Priorities

Digital transformation is a critical item on any wealth manager’s priority list. However, the industry dynamics are driving wealth managers to consider a broader potential set of transformational strategies. Do we continue to invest in front and back-office technology solutions? Can we keep pace with the burden of administrative and regulatory change? Should we consider working with partners that can deliver technology innovation for our front office and also deliver component options for outsourcing the back office? Do we retain client money and custody permissions ourselves going forward?