Investment managers have become accustomed to using big data as a catalyst to better understand their clients and lower portfolio management costs. While much has been written about the potential for artificial intelligence and related technologies to replace the role of the conventional advisor, the majority of innovators have focused on providing advisors with tools and capabilities to do their jobs better. Executed appropriately, advisors can work alongside these platforms to deepen share of wallet and maximize value generation for clients.
Fidelity’s Tech Upgrade Includes Data Aggregation and Insights
Fidelity released details of new technology tools coming to Wealthscape this year, including data aggregation, analytics and a digital marketplace.
The Rise of Wealthtech: Infographic
Evolving consumer expectations, the rapid adoption of technology and new competitors entering the markets are placing new demands on today's wealth managers.