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New Research: Wealth Tech Traps, As Told From The Front Line

Wendy Spires, Head of Research, 22 March 2021

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WealthBriefing/Family Wealth Report and EY have joined forces to offer cutting-edge insights from those right at the technology coal face. Download our new report to learn what some of the wealth tech sector’s biggest names have to say about the traps firms face.

Today sees the launch of the 2021 edition of Technology Traps Wealth Managers Must Avoid, a must-read report tackling the full spectrum of challenges facing firms today.

Produced with EY as our consultancy partner, this report draws on the front-line experience of many of the technology sector’s biggest names, in recognition of the fact that they are the ones who will be solving wealth managers’ most pressing problems and have typically seen the ramifications of firms’ choices play out numerous times in various contexts globally.

Having the benefit of these experts’ wisdom will be a boon to organizations at a time of warp-speed technological change. The pandemic has intensified the sector’s need to embrace digitization in a way that will undoubtedly be to its very great benefit ultimately. Yet it is easy to see how the risk of missteps rises alongside the urgency with which enhancements are being made.

Rapid changes; lasting ramifications 
Wealth managers know that the choices they make today in systems selection, configuration and implementation will reverberate down the years, and that their margin for error is worryingly small given the competitive pressures they face. The first edition of Technology Traps Wealth Managers Must Avoid proved to be one of this publication’s most popular reports. Given what is at stake, we expect it will be even more widely read this time around.

This report is designed to be a one-stop resource tackling the hottest technology issues, and covers topics including: digital marketing and prospecting; hybrid wealth models; robo-onboarding; cross-border compliance; digital financial personality profiling; goal-based advice; balancing “man and machine”; and how to reimagine business models. Specifically for family offices, we look at why accounting and investment analysis should no longer be a notorious pain point, along with how infrastructure can solve the structural challenges of personalization and mass-scale.

While these topics are tackled in depth, this report is also very accessible and will appeal to technology specialists and non-specialists alike. Whether you are a C-suite executive who needs an overview of today’s hot topics, a technology decision-maker or a client advisor interested in future working practices, it will quickly bring you up to speed.

In addition to EY’s in-depth overview of what it is seeing out in the field, readers will learn from the insights of: InvestCloud, additiv, smartKYC, Apiax, Oxford Risk, Ortec Finance, SS&C Technologies, Contemi Solutions, FundCount and Private Wealth Systems.

Understand all the business-critical issues your firm needs to aware of by downloading your complimentary copy of Technology Traps Wealth Managers Must Avoid today.

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