As rapidly evolving technology, profitability pressure and customer-driven experiences continue to shape the wealth management landscape, traditional financial services firms face an array of risks that are growing more prominent, SEI Wealth Platform has warned.
However, SEI believes firms that view these increasing risks as an opportunity to drive change throughout their business will have much to gain as the wealth management industry evolves over the long-term. Here, Kevin Russell, proposition director at SEI Wealth Platform, outlines the five technology risks facing wealth management firms and how they can transform these into opportunities. Risk 1: The rise of disruptive technologies While disruptive technologies have recently garnered significant attention in the financial services industry, thanks to the rapid proliferation of finte...
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