Over the last decade, a common theme across various trends in the wealth management industry has been the role of technology – whether as a driver of change or a solution to help advisors manage change. Technology has revolutionized the way this industry functions, from digital payments to customized service to democratizing wealth management. The Registered Investment Advisor (RIA) channel has been no exception to this changing landscape. As mentioned in our previous article, The RIA Ecosystem, if firms want to remain competitive in this dynamic environment, they need to invest in technology and partner with third-party providers to provide a holistic offering and solution. RIAs have now realized that they can only benefit from engaging the surrounding rather than sustaining in a silo.

This article will focus on some of the fundamental technology solutions that RIA’s have adopted in recent times and ones that add significant value to building a strong value proposition.