Buckle Up For Turbulence In Wealthtech
Like The Broader Tech Industry, Wealthtech Is Under Pressure To Perform More With Less Cash, So Be Wise About Your Tech Stack Partners
Wealth Solutions Report 9/18/23 (Written by Larry Roth, Co-Founder of Ascentix)
Many service firms in wealth management straddle two industries – wealth management, of course, and the industry of their expertise. Marketing solutions providers, compliance consultancies and others marry the skills and techniques of an industrial specialization with wealth management’s needs.
Nowhere is this interconnectedness between industries more apparent than wealthtech – which in many ways is its own Silicon Valley among us. If the tech world sneezes, wealthtech catches a cold. And the tech industry has been on the ropes stretching back to last year, with mass layoffs and streams of money at a low watermark.