04.29.24

Fidelity: Tech-Savvy Firms Add Clients, Grow Assets Faster

by: Michael S. Fischer

Wealth management firms that embrace technology best practices report higher than average efficiency, stronger growth, better client experiences and higher advisor satisfaction, according to research from Fidelity Investments. These firms apply technology best practices across their strategy, design and activation domains, and are growing their client base and assets under management much faster than their counterparts. “Our study underscores the impact of technology as a growth driver for wealth management firms that harness its full potential,” Marissa Herr, head of technology consulting for Fidelity Institutional, said. “Those who think deliberately about the platforms, integrations and tools that best support the needs of their advisors and clients today have a huge opportunity to create market differentiation.”

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