Last week in Part 1: FinTech 2021 and Beyond: What to Buy and Why we featured an interview Joel Bruckenstein did with Baron’s magazine in a Q & A style interview regarding tech in the COVID era and what advisors should be thinking about adding to their tech stack- now and in 2021. Other financial technology experts are also weighing in on what FinTech tools are needed in today’s environment and the research to support their recommendations.

At AdvisorPeak, we know that advisors need to stay ahead of technology. If they don’t, their legacy systems will be useless compared to critical systems used by advisors equipped with the latest technologies. The stakes are high to make the switch now. We already are providing the integrations for the sophisticated trading and rebalancing systems advisors require now and in the future:

“By 2022, the SMAC stack (social, mobile, analytics, and cloud) will be table stakes for investment providers. Cloud platforms will largely replace legacy systems to support agile innovation, customer centricity, and internal collaboration. Wealth and asset management firms will integrate new sources of data from within and outside their organizations and rely on sophisticated analytics to extract greater value for engaging clients, managing portfolios, and streamlining back office operations.

To drive growth and leap-frog past competitors, investment providers will embrace a variety of game changing technologies, from artificial intelligence, blockchain, and APIs, to predictive analytics, web collaboration tools, and facial recognition. Companies will also harness these technologies to cope with evolving regulations and cybersecurity risks, as they strive to make their IT systems more secure, resilient, and adaptive.” Wealth and Asset Management 2022: The Path to Digital Leadership.

At AdvisorPeak, we know that our software’s continual enhancements are critical to the success of our advisors and our company. Development is never over, and we must always improve our product.

Advisors must also strive to enhance their client’s experience by adopting the critical systems to improve their efficiency. The sources presented in this article validate why the rest of 2020, 2021, and beyond, upgrading by buying new technology systems, is critical for survival.

Contact us today and experience how AdvisorPeak’s technology will position you to stay ahead of the competition in 2021 and beyond.