This news service was joined by three figures in the tech and wealth industry for a recent webinar.

The wealth management industry is accelerating its use of technology but is still slower in moving forward than many other business sectors, a recent webinar, hosted by this news service, heard.

Senior industry figures were gathered by this news service for a virtual panel to discuss findings of the Tech & Ops Report 2022 that WealthBriefing issued in conjunction with SS&C Advent. 

"Although the speed of change (in technology use) has picked up, it is still lagging behind in the wealth manager's space," Steve Young, SS&C Advent, said in the panel. Speaking alongside Young was Gilly Green, a wealth management business advisor, and Ian Woodhouse, lead wealth management business model transformation thought leader at Accenture. The panel was moderated by Tom Burroughes, group editor at this publication.

"Family Offices struggle to find an holistic solution that meets their unique requirements, made harder when considering the complexity and number of data sources and the variety of alternative investments they make," Green said.

Woodhouse said: "Tech will help on the productivity side, help to achieve growth and protect the business from regulatory risk."

"There is a generational shift in the family office space, the rise of a younger generation and the rise of entrepreneurial wealth. There is a much greater focus by the modern family offices on the reporting of complex assets, the performance and risks, especially this year due to market volatility," he said. 

To view the webinar, click on this link.