In the world of wealth management, technology is having a profound effect on many different areas. There are pros and cons that come with every technological advancement, but they keep coming at a rapid pace regardless. Here are some of the wealth management tech trends to keep an eye on in the near future.

Managing the Customer Relationship

When it comes to managing wealth, the relationship with the client is everything. One technology trend that is having a massive impact in this area is the emergence of customer relationship management software (CRM). There are many different CRM programs out there for wealth managers and business professionals to use, and some of them are getting very advanced.

The CRM program has the ability to track every interaction with the client and log the details of those interactions. Some of them will automate communicating with the client and keep them up to date on new products and services that you offer. You can keep track of client specific tasks, schedule follow-ups, and remember everything that you talk about with clients through the use of a good CRM. CRMs are helping turn wealth managers into holistic financial professionals that are able to help their clients in many different ways.

Access to Tools and Integration

Another trend that is having an impact on the world of wealth management is that of integration. As technology continues to improve, everything is integrating with everything else. As a wealth manager, having access to the latest online services and apps can be the difference between success and failure in this technologically-savvy world.


Automation is a trend that could be massive in the business world and in wealth management specifically. When most people hear the word "automation" they think of physical robots on an assembly line or something along those lines. In reality, much of the automation that's taking place in the real world is done with programs and software. These automated processes can take place 24 hours a day, 7 days a week with minimal ongoing costs. Repetitive tasks like data entry, checking for accuracy, and analyzing data are often being automated with the help of these programs. This trend may replace some lower level positions, or it could simply free up those employees to interact with other people more.

Technological advancements have the potential to make wealth managers lives easier and more convenient, as well as improving the customer experience for their clients.