The Wealth Mosaic is excited to announce the release of its 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. 

“2020 is going to be seen by many as one of the most turbulent years in their lifetime due to the impact of Covid-19 that has wreaked havoc across many industries throughout the globe. Within this backdrop, managing wealth has probably been never more complex or hazardous, which is being compounded by the effect on-going low interest rates are having on traditional model portfolio construction methods used throughout the wealth management industry. It is clear that to navigate through these challenges, technology can help, a lot, especially when we hear in the market that a lot of wealth managers are still relying on outdated technology and business practices that may mean they are ill-equipped to manage wealth in this new environment. We therefore hope this report helps educate and inform wealth managers on what options are out there to enable them to do their job better, both internally and for their clients,” said Simon Ramery, Co-Founder and Director at The Wealth Mosaic

Click the image below to access the full report.