The way wealth management firms operate has been revolutionized by the growth of wealthtech. However, many firms have found that more solutions can create their own problems.
In this white paper, we’ll explore how and why a piecemeal investment strategy in tech has created this friction and ultimately why firms must understand that their data is at the center of it all.
Excerpt from the paper:
Once a firm establishes a single source of truth, it then becomes a process — some longer than others — to untangle and streamline tech solutions. But with a centralized data hub and usable, accurate data, most firms come to realize that they may not need all of the tech they have and can scale back their “workaround” solutions.
The consolidated, unified data across an entire firm will help simplify and automate compliance procedures and other processes, eliminate the need for multiple and overlapping systems and applications, and ultimately drive growth and development.
