WealthManagement.com: Why the Industry Is Ready for a Wealth Management Network

A comprehensive shift toward digital engagement promises to accelerate the connection of wealth management industry participants to increase efficiency and productivity.

Thirty years ago, the vision for a network that could easily connect vast amounts of data among wealth management industry participants was a dream. Fast forward and technology has broken down the barriers to facilitate real-time connectivity that can increase efficiency and drive growth across the managed accounts industry.

The benefits of a wealth management network are undeniable. Today more than ever there is a need for simplified, standardized connectivity between industry participants. With technology having vastly reduced the costs and barriers to entry for financial institutions and clients, the timing is right for the wide-scale adoption of a wealth management network that brings financial institutions closer together and creates synergies that will lead to greater growth in the industry. 

  • Country
  • United States
  • Solution
  • Wealth Management Solutions
  • Industry
  • Investment Services
  • Published
  • September 2016