Wealth management leaders understand that technology can determine their firm’s success or failure, according to a new survey from Wipfli, an advisory and accounting firm.
Nine in 10 wealth managers in the survey expect their firms to grow by 5% or more this year, with 36% projecting revenue growth of 8% to 10%, and 8% projecting growth of more than 10%.
At the same time, they are concerned about making the best technology investments, and they sense that rapid tech advancements are likely to play a role in future firm ownership changes.
For its report, Wipfli surveyed 109 wealth management executives across the U.S. Technology was the common theme across discussions about growth, succession and strategy.
See the gallery for 10 things on executives' minds, according to the survey.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.