Demystifying WealthTech Consulting

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Financial literacy month has come and gone, but that isn’t the only area where individuals could stand to have a little more education. Wealthtech is another area, especially at a time when firms and advisors are working through the most challenging era of digital transformation. Those trying to get their tech stack to be the best that it can must recognize where their blind spots are and learn the lingo of consultants. If they pursue that route, they can get the most out of the relationship.

If you don’t fully understand why a technology solution is performing certain tasks and why a process works best in a certain way, then it is much harder to use the solution to its fullest potential. There is nothing wrong with quietly admitting your own human failings so your firm’s technological capabilities can continue growing.