Creating digital-first experiences
The wealth management industry is changing fast. As a new generation prepares to inherit amassed wealth – some estimates indicate over a hundred trillion in assets – there will likely be a shift in how people relate to money, data and advice. They will expect a digital-first experience that provides them with clarity and control.
d1g1t CEO and Co-Founder Dr. Dan Rosen sees a massive opportunity. “Advisors who embrace technology as an enabler will step into a more meaningful role as a personal coach and trusted mentor.”
There is also an unmissable potential to tap into the democratization of investments. Products can now be used to create more diversified, personalized financial solutions that help families and investors achieve their goals. With d1g1t, institutional-grade analytics once reserved for some of the top asset managers are now at the advisor’s fingertips.
With integrated workflows for reporting, billing, trading, compliance and all client engagement activity, advisors are better positioned to meet the increasing demands of investors. “Advisors can answer questions on the fly. They can clearly explain decisions, risk, performance, and how investment programs are built to achieve a family’s financial and life goals,” he explains.
Untangling the complexities of wealth management
d1g1t delivers scale and operational efficiencies across the entire wealth lifecycle. From sophisticated multi-asset and multi-currency investment strategies to trusts and legacy book assets, the platform enables advisors to manage their clients’ total wealth in one place.
“The goal is to reduce operational complexity and transform the patchwork of legacy systems,” explains Rosen. “This means we can provide consistent analytics and reporting that facilitate informed decisions.”
“The goal is to reduce operational complexity and transform the patchwork of legacy systems. This means we can provide consistent analytics and reporting that facilitate informed decisions.”
Dr. Dan Rosen, CEO and Co-Founder, d1g1t
Augmenting advice at scale
Building on these operational improvements, AI will be transformative in how advisors surface insight, automate tasks and personalize experience for their clients. “We have to get ready to use it in the right way – firstly, by understanding that data powers AI, not just the other way around.”
As wealth managers implement AI and learning systems, data security and data privacy will become key priorities. “If you have great data and analytics, AI will be able to things much faster and more efficiently – and at scale,” explains Rosen.
“If you have great data and analytics, AI will be able to things much faster and more efficiently – and at scale.”
Dr. Dan Rosen, CEO and Co-Founder, d1g1t
The operational efficiency of wealth technology backend systems is poised for a significant boost. AI will automate tasks like processing, extracting and transacting documents – enabling advisors to prepare for client meetings more efficiently or generate custom investment reports.
Although AI will play an important functional role, it won’t replace the financial advisor. Clients want a personable experience, a human touch that only real people can offer.
With the right team and technology, d1g1t has been able to manage risks while delivering extraordinary results.
