In this article, you can find out more information about The Adviser event. This year we’ve gathered write-ups for all six panels in a summary paper and included the results of our scene setter questionnaire.
Ahead of the event, we designed a survey for attendees to share their thoughts on the current state of the industry and its future. The areas of biggest concern involved reducing costs and improving productivity.
The bullish rating is 7.3 out of 10, which is encouraging given the broader market and geopolitical events - there has been no change since our last survey. But respondents did highlight technology concerns, the top five concerned: operational scalability, operational efficiency, bringing down costs and time, innovation, and data management.
Looking at the barriers to greater productivity that respondents face within their business, three areas stood out from the responses: outdated technology, regulation, and processes.
The survey questioned participants on how they enhance client engagement and grow revenue. 86% of respondents placed an emphasis on developing the client experience through technology. The number one preference this year was in Client Lifecycle Management (CLM) technologies. This, of course, fits well with the theme of client engagement, as well as providing a platform to support advisers in their engagement with clients.
In line with the clear focus on client and adviser developments, COOs indicated that the rough spend on their annual technology is focused at 35% on their advisers and 48% on clients.
If you want to participate in the next WealthTech Matters, you can access Owen James Event’s calendar here. Next year the Adviser and Client events will be combined!
About WealthTech Matters
Owen James and The Wealth Mosaic have collaborated to create a series of triannual events for key decision-makers from the private wealth industry.
Technology is core to the future wealth management model, but in an increasingly specialist technology environment, wealth managers must engage with a deeper knowledge and understanding of what technology is available and can deliver across the three main areas of their business: their clients, their advisers and staff and their business processes.
WealthTech Matters focuses on these three themes to help delegates discover and discuss the technology solutions that will solve the key challenges facing their business.
About Owen James
Owen James seeks to provide a platform for strategic engagement: an opportunity for key individuals to discuss and understand the business and investment issues which are affecting the whole of their industry. The end game is to enable firms to do better business - commercially, intelligently, and ethically.
Find out more at www.owenjamesevents.com Owen James seeks to provide a platform for strategic engagement: an opportunity for key individuals to
discuss and understand the business and investment issues which are affecting the whole of their industry. The end game is to enable firms to do better business - commercially, intelligently, and ethically.
Find out more at www.owenjamesevents.com
