Data aggregation is currently one of the hottest topics in the financial services industry. As technology evolves and robo-advisers attempt to snatch clients, advisory firms are seeking new ways to stay competitive.
What better way than pulling in information on all of a client’s finances in real time?
Although the notion of incorporating held-away assets into an adviser’s view is decades-old, in general advisers have been slow to incorporate the digital account-aggregation services that software vendors offer.
Some even feel that the process may be a waste of time.
Data-management experts are assuring advisers that’s not the case.