While two-thirds of financial advisers say technology has been mostly beneficial to their firms, 61% say it would be easier to manage if their various systems were better integrated, an SEI survey released July 11 found.
Nearly 60% said that technology was one of the top factors in their firms' continued success, though not the most important factor.
While they have the right tools, advisers say, they aren't using them to their maximum advantage. In addition to less than 10% of advisers having fully integrated systems, 86% are still doing some processes manually instead of using technology to relieve the burden. Most advisers use technology to improve their financial planning processes (77%) or in customer relationship management (74%). More than half use technology for document management.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
