Digital Advisor Technologies: Fintech and the Move Beyond Traditional Service
Report Summary
Digital Advisor Technologies: Fintech and the Move Beyond Traditional Service
Digitally enabled advisors’ workflow tools and client servicing capabilities help them outperform traditional advisors.
Boston, June 28, 2016 – Robust digital technologies and client servicing capabilities are widely available to U.S. advisor practices, and they provide advisors more comprehensive portfolio management capabilities while enabling efficient service delivery and access to advice. Still, perspectives on digital enablement tools and technologies differ greatly among advisors. Ultimately, advisors’ decision to implement digital-enablement tools depends on the expected benefit. But can these benefits be quantified?
This report discusses how advisors and institutional firms can utilize digital capabilities to enhance their client service offering and grow their practice. It is based on an online survey of 403 U.S. financial advisors of varying sizes and broker-dealer affiliations, and offers key performance metrics to compare digitally enabled advisors to traditional practices.
This 29-page Impact Report contains 15 figures and two tables. Clients of Aite Group’s Wealth Management service can download this report.
This report mentions Ameriprise, Betterment, Charles Schwab, Commonwealth, Edward Jones, Fidelity, J.P. Morgan, LPL, Merrill Lynch, Morgan Stanley, Northwestern Mutual, PNC, Raymond James, RBC Wealth Management, T.D. Ameritrade, Wealthfront, and Wells Fargo Advisors.