Unintended inefficiencies hinder scalable growth

'Inherent business inefficiencies'

Many wealth management firms have recently experienced consistent organic and inorganic growth.

To support growing assets, clients, advisers, and support staff, as well as modernise their proposition, many firms have been investing  tactically and strategically in tools and technology. However, after a decade of incremental evolution, many are faced with a creeping level of unintended inefficiencies that could hinder scalable future growth. The key drivers In the case of wealth management, these inefficiencies are typically the result of three primary elements. First, chasing functionality and process enhancements piece-by-piece has resulted in firms deploying multiple disp...