How the Wealth Technology Solution Guide Helps Advisors Embrace Emerging Tech
Wealth managers today are faced with the challenge of keeping up with new technology while maintaining a high standard of service for their clients. The Wealth Technology Solution Guide (WTSG), introduced by EVO Wealth Consulting, is designed to make this easier for financial advisors, RIA firms, and broker-dealers. The guide was created in partnership with 22 top firms in the industry, offering a simple and clear way to understand and use emerging technology.
Why the Guide Was Created
The WTSG has three main goals for wealth managers:
- Raise awareness of new technology that can make advisors more efficient and improve the client experience.
- Educate wealth managers on how this technology can fit into their existing systems with easy-to-understand content.
- Help advisors avoid feeling overwhelmed by too many options, by focusing on benefits rather than endless possibilities.
“We wanted to create a guide that makes it easy for advisors to see how simple and helpful new technology can be. We focus on showing how it works in their existing systems and how it can really make a difference for their clients.”
Mike Casciano, President of EVO Wealth Consulting
How the 22 Technology Partners Were Chosen
Choosing the right technology for the guide was a careful process. Each partner was selected because they fill a gap in the current service model, helping advisors become more efficient. The selection process involved:
- Live demos to see how easy the technology is to use.
- Checking how well the solution can be integrated with existing systems.
- Making sure the company is focused on innovation and providing a top-notch client experience.
“Advisors often find that simple and easy wins over solutions that are robust yet complicated,” Casciano notes.
What’s in the Guide
The WTSG covers four key categories, each featuring firms that are leaders in their field:
- Data and Cyber: This section includes companies like Buckler, which provides cybersecurity compliance and management. Buckler ensures firms stay compliant with regulations while also keeping their systems secure.
- Marketing, Client Engagement, and Planning: Firms like Asset-Map and FP Alpha offer tools that help advisors better engage with their clients and plan for the future.
- Portfolio Design, Implementation, and Analysis: Companies like Nebo Wealth and Kwanti provide solutions for designing and managing investment portfolios.
- Investment Solutions: This includes firms like VettaFi and Halo Investing, which offer innovative investment options for advisors to consider.
Why This Guide Matters
EVO Wealth Consulting created the WTSG because they saw a need for clear and practical technology education in the wealth management industry. As Mike Casciano explains, “The demand for comprehensive, customized technology education was clear. EVO was founded to meet this need.”
The guide is not just about showing off new technology; it’s about helping wealth managers understand how these tools can fit into their daily work and improve their client service. The goal is to make the process of choosing and using new tech as simple and beneficial as possible.
Buckler’s Role in the Guide
Buckler, a firm specializing in cybersecurity compliance and management, is proud to be part of the WTSG. Scott Smith, CEO of Buckler, says, “Buckler is proud to be a part of the list for cybersecurity compliance and cyber program management.” This means that advisors using the guide can trust that their cybersecurity needs are well-covered by an expert in the field.
Conclusion
The Wealth Technology Solution Guide by EVO Wealth Consulting is a valuable tool for any wealth manager looking to stay ahead in the industry. By focusing on simple, useful technology and how it fits into existing systems, the guide makes it easier for advisors to make informed decisions that benefit both them and their clients.
