Nearly half of wealth managers 'dissatisfied' with their tech systems

Wealth managers view their current technology systems as outdated

Sahar Nazir
clock • 1 min read

Wealth managers are either dissatisfied with or indifferent to their current technology systems, citing reasons such as the systems being outdated, not suited to their needs, and difficult to use.

This is according to research by Avaloq conducted among 200 wealth management professionals in six markets between February and March 2023. Nearly half (45%) said their systems are outdated, while 31% are satisfied that their technology is up to date. Meanwhile, just 29% believe their technology is designed to suit their needs and 38% say they can easily find the information they need.  Just over half of wealth managers globally (54%) use investment advisory technology in client meetings. Of those not yet using their advisory systems in client meetings, two thirds (67%) said they w...

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