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Financial Planning at the Core: Current and Future Developments

Financial Planning at the Core: Current and Future Developments

All types of wealth management firms have made financial planning a priority.

Boston, August 8, 2018 – Financial planning, an advisor-led process complemented by self-directed tools, is becoming a part of the wealth management conversation. The challenge for North American firms in the last 12 to 18 months has been to re-evaluate their tools, processes, and servicing teams to improve their financial planning offerings. These firms now compete on how well they employ technology to serve both their advisors and clients.

This report discusses the evolution of financial planning services at wealth management firms and focuses on wealth management firms’ financial planning technologies and adoption strategies. It is based on interviews with 14 major firms conducted January through May 2018 in the North American market and on a Q2 2017 Aite Group survey of 344 U.S. financial advisors.

This 41-page Impact Report contains 27 figures and four tables. Clients of Aite Group’s Wealth Management service can download this report, the corresponding charts, and the Executive Impact Deck.

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This report mentions Advicent, AdvisorVision, ASI, eMoney Advisor, FinanceLogix, Financeware/Wealthcare, MoneyGuidePro, Money Tree, and WealthStation (FIS).