What Does It Take To Build A Great Wealth Management Tech Stack?
How RIAs and dual registrant enterprises can create and maintain best-in-class tech platforms
AdvisorHub, 9/11/25 (Written by Sander Ressler and quoting Hilda Wong-Doo, both Strategic Partners)
The wealth management industry’s embrace of technology has reaped many rewards, including creating scale, driving efficiencies, and optimizing client outcomes. Research validates what anecdotal evidence suggests and what financial professionals see every day: According to Cerulli, technology use within a practice has a direct correlation with that practice’s productivity. Advancements in artificial intelligence will only see the positive impacts of technology grow exponentially.
Still, challenges remain, even for firms that have gone all in on strategically investing in an effective tech stack. Because of rapid-fire innovation in the space, tech is constantly evolving, and addressing obsolescence is expensive. There are often integration issues when using new technology in parallel with legacy systems. “RegLag” – time between a technology’s introduction and its regulatory governance – constrains efficacy.