Advisors have been faced with rising costs as regulatory requirements and client demands have created new expectations for compliance and service in the industry. RegTech and CRM technologies present two solutions to the challenges advisors face, allowing them to more efficiently manage their compliance activities and develop a holistic view of their clients' journeys.

It will be interesting to see the challenges incumbents face with integrating these solutions in the presence of older technology stacks, versus innovators with less technological debt.