Updated Sunday, August 30, 2015 as of 10:38 PM ET

Will Mobile Technology Reshape Wealth Management?

Whether itís retail, education, medical or banking, the adoption of mobile platforms, particularly tablets, has increased productivity, improved client access and enabled a more effective delivery of services and solutions.

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Comments (3)
Interesting article and one I think would be a good read for senior level executives who current run wealth management/advisor teams of all sizes.

We work with several large banks who had some of the exact issues brought up in this article and recognized early on the value that using a unobtrusive easy to access mobile tablet in the field.

Critical issue to them was a variety of national and international laws prohibiting the actual data to trvel beyond their fixed data center, or across country boundaries.

We developed a technology that allows wealth advisors to have full access to ALL of their most sensitive and taxing applications from their iPad/Android with data never ever residing on the tablet. Furthermore we solved the issue of having several applications open simultaneously, aggregated at the device.

Finally wealth advisors need to have a perfect user experience complete with a keyboard mouse and without having to retrain on a "mobile" application that might deliver only 30-50% functionality. Our clients get 100% functionality, get to use the same native screen as their desktop if they want to and the bank doesn't need to worry about managing the mobile device since the bank holds all of the control to the applications behind their firewall.
Posted by tom d | Friday, February 08 2013 at 12:20PM ET
We are pro-marketers and communicators and tech savvy. However, we take a contrarian view with tech. We propose the party is pretty much over. It is now a utility and any significant improvements in either gadgets, software etc face hard stops. There is also a precedence for this in earlier tech developments and business models.

Clients only have two hands - how many more gadgets can they adopt? Everyone who is going to do it is on the web in whatever form fits them. People's schedules, especially the rich and successful are already past capacity to relationships, gadgets, systems and time.

There simply is no more time for new tech adoption. Also, "There is no tech solution to relationship problems."Tablets will just canabilize computer time and that may or may not be a plus for advisor's relationships and businesses.

We do need much more good data to even start swapping opinions on all this. Breathless hype about tech is old news.
Posted by Elmer R | Friday, February 08 2013 at 2:12PM ET
Thank you for sharing this interesting post. It is seen that mobile is making a big change in all industries but not seen much of an impact in wealth management. Though with the banking sector getting into mobiles, we slowly see the other sectors of the industry slowing opening up to the option.
Posted by tasha123 s | Sunday, February 17 2013 at 9:59AM ET
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