These Advisor Technology Trends Will Surprise You
The pace of change has forced all advisors to consider how best to digitize their practices. The process, as Financial Planning’s annual technology survey through the years shows, is an uneven one: some innovations garner quick traction, while advisors stubbornly refrain from adopting others.
Here are some key insights gleaned from a comparison of findings from our technology surveys. Click here for a single page version. – Suleman Din
For Many, it's Either MoneyGuidePro or Nothing at All
But just over 20% of all advisors surveyed said they weren't using any software at all -- and among advisors aged 65-74, that was the majority (35.7%). In 2012, that overall figure was 26%. So while there's been slightly more adoption of financial planning software on the whole, we recommend firms "should invest in this application sooner rather than later."