WealthManagement.com’s fourth annual technology survey reveals significant shifts in how wealth managers approach and utilize technology. Through comprehensive research conducted by WealthManagementIQ, the study captures evolving perspectives from advisors, executives, and industry professionals, with notable changes in attitudes toward artificial intelligence and other emerging technologies.

The research categorizes firms into three distinct groups based on their technology adoption strategies: Innovators who leverage technology for market differentiation and superior client experience; Operators who focus on operational efficiency and internal improvements; and Laggards who have yet to fully embrace technological transformation. This framework provides valuable insights into industry trends and enables firms to benchmark their technology initiatives against peers.

Building on previous years’ findings while incorporating new areas of focus, particularly around AI adoption, the survey demonstrates that advisory firms increasingly view technology as a strategic imperative. Results show firms are intensifying their focus on leveraging technology to enhance client service, drive operational efficiency, and achieve sustainable business growth in an increasingly competitive landscape.