This report on software in the financial services sector notes that planning firms that are exploring their technology options usually rate higher less well-known software solutions than the software market leaders.
This in-depth research gives, in fact, an overview of the professional tech and software landscape in the financial services sector.
According to the paper, CRM software could be an ideal “hub” for the complete software suite - which is with no doubt an interesting value for experienced advisors and advisors at larger financial services firms. However, the increasing numbers of less experienced advisors that think that financial planning software is their most valuable software goes to show that their value proposition differs from the one of more experienced advisors.
Regarding cybersecurity, the figures show that financial services firms are wrongly expecting not to be targets of cyberattacks, or perhaps they are not taking their data security duties as seriously as needed. The paper explains that this is a very concerning conclusion considering the growing risks for the business community.
Besides, the new software categories mentioned in this document - such as economic analysis and portfolio modeling, Social Security and College Planning tools - entail potential new ways for professionals in the financial services sector to increase value beyond managing portfolios, offering financial plans and monitoring client preferences.
Report download requires free registration on the publisher’s website.
Methodology and Disclaimer
Demography of the Survey Participants
All-In-One Software Programs
Risk Tolerance Instruments
Portfolio Management Tools
Investment Data/Analytics Tools
Economic Analysis and Stress Testing Tools
TAMP Service Providers
Online/Automated Portfolio Management Tools
Financial Planning Software
Tax Planning Software
Social Security Analysis Tools
College Planning Tools
Document Management Resources
Document Processing Tools
Cloud Hosting and Cybersecurity Resources
Digital Marketing Tools/Resources
Bonus: What is Your Most Valuable Software?
Bonus: Tech Spending Trends
Bonus: Should the CFP Board Grant CE Credits?
4 out of 5 stars
2019 Software Survey Report
Jan. 31, 2019
Joel Bruckenstein, Bob Veres
|Number of Pages
|Number of Tables
|Number of Exhibits
application software, cloud computing, CRM software, cyber security, financial planning software, financial services, global, management software, software, software budgets, T3, tax software, trading software
Salesforce, Microsoft, DocuSign, Dropbox, Wells Fargo, AXA
Joel Bruckenstein, Bob Veres
This report is based on a survey with over 5,500 members of the financial planning and investment advisory industry.
A very in-depth survey which aims at providing a snapshot of the professional tech and software landscape in the financial services industry.
Go to Publisher's Download Site| Bond Partners | June 2019 | Pages: 333 | FREE |