Workshop: Does Your Tech Stack Help Power Wealth?-Slides-Workshop: Does Your Tech Stack Help Power Wealth?

Slides-Workshop: Does Your Tech Stack Help Power Wealth?

Pdf Summary

In this document, Stephanie Reilly from SEI Investments discusses the importance of a strong tech strategy in the wealth management industry. Reilly highlights the need for firms to continually improve their tech strategy, understand relevant KPIs and best practices, and implement an annual tech stack review process. Additionally, she emphasizes the importance of aligning tech investments with business goals, client personas, and mission messaging.<br /><br />Reilly presents data showing that while tech is relatively cheap, human capital is not, and many firms are not fully satisfied with their current tech solutions. She suggests that firms should assign tech owners for every task, product, and process, and consider workflows when making technology choices. She also discusses the drivers and challenges of scale, and how strategic scale can lead to accelerated growth.<br /><br />The document also includes information about productivity metrics, the importance of goal setting in technology, the use of metrics to validate tech investment, the integration of tech solutions, managing tech integrations, surveying clients for satisfaction in client-facing tech, and implementing a tech stack review process.<br /><br />Overall, the document emphasizes the need for firms to constantly assess and improve their tech strategy in order to align with business goals, improve productivity, and meet client needs.

Keywords

tech strategy

wealth management industry

KPIs

tech stack review process

tech investments

business goals

client personas

human capital

tech solutions

strategic scale