Over the last five years, the Kitces AdvisorTech map has ballooned to 551+ vendors across 36 categories, doubling the number of systems wealth-tech platforms must wire together. CTOs and product leads now juggle 10–30 live integrations with twice that number in the queue, so it is plumbing—not product vision—that dictates release cadence.
The bill for each connection is steep. Industry benchmarks put the price of a single custom API integration at US$50k–US$150k in engineering and vendor costs, and even a “fast-track” effort still runs 4–12 weeks from kickoff to production. Meanwhile, a survey of wealth managers found 29% need three months or more to onboard ultra-high-net-worth clients because of data-feed delays.
Those waits pile up across the P&L. Banks already spend 10.6% of revenue on IT, and Gartner research says 10–15% of that IT budget goes to system integrations alone—dollars that could fund client-facing innovation instead of point-to-point patchwork.
Every extra week a US$10B AUM platform keeps a prospective custody feed in limbo defers hundreds of thousands of dollars in advisory fees, increases engineer burnout, and feeds a perception that your stack can not keep pace.
That is why Precept collapses weeks of plumbing into a single day. Our autonomous agent drafts a Portable Data Module (PDM) in minutes; your engineer visually validates and ships before close of business. One wealth-tech platform sliced a four-week CRM project to six working hours—turning backlog into roadmap velocity.