Wealthtech has ignited a revolution within the financial services industry. What we’re most excited about here at RobustWealth is how this rapid pace of innovation has impacted wealth management at the firm level. Clients are seeking out advisors who can help them reach their financial goals, and advancements in technology are making it easier than ever for advisors to do just that.
Here are three ways wealthtech is adding value for advisors and their clients:
- Automation is transforming the role of the financial advisor.
Traditionally, an advisor would spend the majority of their time on tedious administrative tasks like data entry. Now, they can service their clients more effectively thanks to the efficiency and automation technology provides. Advisors can seamlessly configure clients’ investment preferences and automate their portfolio. With these advancements, the role of the financial planner is shifting from a portfolio manager to a family’s personal Chief Financial Officer.
- Technology is continuously improving the client relationship.
Wealthtech helps strengthen advisors’ relationships with clients through an elevated level of content. For instance, generating fast, dynamic performance summaries that track account growth and money movement makes it easy to visualize and communicate market performance to clients.
- Wealthtech is streamlining the onboarding experience.
Wealthtech platforms are driving client expectations toward a more seamless, digital onboarding experience. In order to optimize the client onboarding journey, it should be quick, paperless and accessible from a mobile phone, tablet or computer.
By embracing digital tools that allow advisors to grow and scale their practice, they can focus on what they do best – providing expert advice to their clients.
To learn more about our digital solutions, schedule a demo today.
RobustWealth is a fully integrated, digital advice platform for advisors and institutions. The private label platform offers a variety of sophisticated investment solutions that streamline back-office inefficiencies and help financial professionals focus on building strong, long-lasting relationships with their clients.
Founded in 2015 by financial industry veterans, RobustWealth was designed with the advisor in mind. The firm is headquartered in Lambertville, New Jersey with remote employees located across the world.