In the fast-paced world of wealth management, providing holistic financial advice is no longer optional—it’s essential. As the number of ultra-high-net-worth (UHNW) clients grows, financial advisors must leverage technology to stay ahead. Our latest whitepaper, Scaling a Holistic Financial Advice Business: The Products, Services, and Technology Needed to Compete, how integrated technology can elevate your firm and position it for long-term success, including key strategies and tools every advisor should consider:
- The Rising Demand for Holistic Financial Planning
The wealth management industry is experiencing a seismic shift. Projections show that the number of UHNW individuals with $50 million or more in assets will be 30% higher in 2025 than in 2021. As numbers swell and client demands change, financial advisors must expand beyond traditional investment management and offer comprehensive financial planning that addresses the unique challenges and opportunities that affluent investors and their families face. - Leveraging Technology for Efficiency and Growth
To grow efficiently, advisors need to employ a robust tech stack, ideally one that operates on a single platform. Technology allows advisors to offer significant added value without needing multiple specialists, from tax management and estate planning to charitable giving and retirement planning. - Strengthening Client Relationships with Real-Time Insights
UHNW clients expect a personalized, high-touch experience. Advisors can meet these rising expectations by digitizing their operations, providing real-time insights, and fostering seamless communication. This approach enables clients and advisors to take a holistic view of their wealth, enhancing transparency and trust. - Addressing Next-Generation Concerns
As the largest-ever generational transfer of wealth looms, advisors must also focus on the next generation of UHNW clients. Younger clients prioritize sustainability, social responsibility, and technological integration in their financial planning. Learn how advisors can use technology to engage these clients effectively, offering bespoke solutions that align with their values and long-term goals.
To learn more, download the full whitepaper and discover how integrated technology can transform your financial advisory practice.
To learn how the SS&C Black Diamond® Wealth Platform can support your advisory firm’s unique needs, request a personal demo, call 1-800-727-0605, or email info@advent.com.
