Late last year, we (The Wealth Mosaic) were excited to release our latest WealthTech Views report: Using technology to improve the management of investment portfolios. The report includes the views from seven thought leaders from solution providers across the globe, asking their opinion on the current state of investment portfolio technology for wealth managers and allowing them to outline how their technology can help the sector perform better, to the benefit of their firms and clients.

The key themes from the participant responses are as follows:

• The wealth management sector still has a large number of participants that are relying on Excel spreadsheets to manage their investments and provide a consolidated view of their positions. This creates not only inefficiencies in processes and potential job dissatisfaction, but also increases dramatically the chance for errors and slows down quick decision-making.
• The exponential increase in information sources means making investment decisions is getting harder. It is therefore important to be able to cut through the noise and understand fully what drives stock prices to be able to make better buy and sell decisions.
• Although investment returns are driven primarily by the underlying performance of the asset invested in, investor returns can be increased if tax is managed in a more efficient way.
• Constructing investment portfolios for clients in a way that suits their individual needs is a challenge as current business models mean providing bespoke services can be unprofitable. Technology can now be used to enable the scalable customisation of investment portfolio construction.
• Technology can be used to reduce the administrative burden placed on front office staff so more time can be spent providing the best service possible to their clients, something that is considered critical to client retention and can be seen as more important than investment performance.

The Wealth Mosaic would like to thank the thought leaders that participated in the report to make it an insightful resource for wealth and asset management firms across the globe. They are: Pius Stucki and Christian Jedlicka from Etops, Dr Boris Rankov from Finantix, JB Tanquery from Finlight, Brett Williams from SEI, Christophe Lapaire from SIX, Michael Kaimakliotis from Tindeco, and Rocco Pellegrinelli from Trendrating. 

Click the image below to access and download the full report.