Five tech risks wealth managers can turn into opportunity
By Tom Carnegie, 23 Aug 18
Wealth managers need to look at ways of embracing technology rather than viewing it as a threat
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A wealth management platform has warned that traditional financial services firms face an array of technology risks that are growing more prominent.
These risks, according to SEI Wealth Platform, are rapidly evolving technology, profitability pressure and customer-driven experiences.
However, SEI believes that firms that view these increasing risks as an opportunity will have much to gain as the wealth management industry evolves over the long term.
Kevin Russell, proposition director at SEI, has outlined the five technology risks that wealth management firms can transform into opportunities.