When we talk about digitization, we have a funny way of making it sound like a far-off future state.
But digitization isn’t a goal, it’s a process. It’s been happening for years in fits and starts — with email, digital account opening, esignatures, etc. — but it’s been an uphill battle.
Progress has always been dampened by organizational inertia, regulatory challenges, and the simple question of whether digitizing was worth the time and money.
Then came COVID-19.
Suddenly, digitization went from being a header on the business plan to a reality of day-to-day work. Firms and advisors that had invested in digitization made the transition to remote work relatively gracefully, while those who hadn’t were forced to rapidly adopt digital solutions in order to continue operating.
Now, as we examine the future of digitization in wealth management, we do it through a new lens. It’s no longer a matter of if, but how, and how fast.
To find out, we asked 11 financial services and financial technology leaders to weigh in on the biggest questions surrounding digitization and digital experiences in wealth management.
Click on the image below to access and download the full report.
About Docupace:
Docupace is a leading digital operations technology provider that simplifies how wealth management firms process and digitize data, increasing efficiency, productivity, and profits. With the secure, cloud-based Docupace Platform, the Docupace team provides a suite of digital solutions that helps broker-dealers, RIAs, and their advisors streamline and automate client onboarding, document management, advisor transitions, Regulation BI, cybersecurity, and other critical workflows while maintaining SEC and FINRA compliance. With headquarters in Los Angeles, California, Docupace is proud to serve a variety of firms, including some of the largest in the financial services industry, through a combination of proven technology and hands-on service.
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