The start of the new year finds wealth management firms in the middle of industry shifts as they try to meet clients’ heightened expectations while reducing costs, adopting digitalisation technology, and attracting and retaining talent, all within their growth strategy. Thankfully, technology can help address these issues if leveraged well, implemented appropriately, and delivered as a core component of a clear business strategy.

The 10 thought leadership articles from industry leaders like  Objectway, 7IM, and Philanthropy Impact featured in the report focus on understanding these challenges and finding the best, most efficient ways of using digital technology and hybrid-service delivery with tools like Cloud, Software-as-a-Service (SaaS), and Generative Artificial Intelligence (AI).

Now more than ever, it is clear that technology is the solution to many of the wealth management roadblocks, so futureproofing is at the centre of many firms’ priorities. Advisers need to ensure they’re also catering to the next generation of wealth holders, as well as the rising mass market. This is evidenced in our data insights, as show the changes in technology trends and their effect on businesses’ processes and strategies.

The purpose of WealthTech 2024 is to identify some of the issues and developments that are top of mind for wealth managers and then seek to explore how the burgeoning WealthTech community can help to drive wealth managers forward, tackle key challenges, open up routes to realise the opportunities that abound and prepare the industry for future success.

Look into what you can expect to see from the industry as firms navigate the tumultuous landscape; Read and download the full report here.