What is Wealth Management’s Technology Tipping Point in 2015?

data warehousing, investment management platform

The use of technology in delivering wealth management advice may have finally hit a tipping point. This is due to the convergence of three critical factors. The first factor is growing momentum in the shift to cloud delivered applications. The second factor is the generational passing in assets to boomers who are fully tech friendly, and who see elements of self-service as an asset rather than an inconvenience. The third factor is the capability of effectively designed cloud-based platforms, like InvestCloud, to dramatically simplify and accelerate the creation of fit-to-purpose custom applets. This capability opens the door for more and more manual processes to be integrated and adapted to cloud delivery. This convergence is tipping the competitive balance toward more progressive firms and younger advisors in a way that will fundamentally change the industry.

Read more: http://bit.ly/1OVqzOE

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