Technology investment trends in wealth management remain robust, with 85% of firms planning to maintain or increase their tech budgets in 2025. While only 15% anticipate substantial budget increases, a majority (58%) expect modest increases, reflecting a measured approach to technology investment. The consistency in tech spending intentions demonstrates the industry’s ongoing commitment to digital transformation.

Adoption plans remain strong, with 88% of firms intending to implement new technology within the next year. Client attraction tools, digital workflow automation, and cybersecurity solutions continue to top the priority list, each targeted by approximately one-third of firms. Core advisory technologies maintain steady adoption rates between 20-25%, though compliance technology saw a notable 9% decrease in planned adoption.

Staffing patterns reveal an evolving approach to technology support, with 38% of firms operating without dedicated tech staff, up from previous years. The reliance on external support is shifting, as full-time third-party contract staff usage decreased to 13% from 18%, while part-time external support remained stable at 10%. This trend suggests firms may be seeking alternative solutions for managing their growing technology infrastructure.