Mobile Devices, Social Media Growing In Wealth Management
YOUNG MONEY Staff
19 October 2011
The report looked at operations at 15 firms in North America and compared responses with a similar survey conducted in 2008, around what could be considered the beginning of the modern smartphone era.
According to Financial Planning, the report found a growing number of companies had developed platforms for social media and mobile devices such as smartphones and tablets, and a substantial 65 percent of respondents felt that this new technology was important to the business.
However, a contrary group still remains in the industry, with 23 percent still insisting that mobile devices are unimportant to wealth management.
"You have to remember that the advisor force is in terms of average age pretty advanced," Alois Pirker, research director at Aite Group and author of the report, told Financial Planning. "Clearly there's a residual amount of people who just don't want to have anything to do with it."
Pirker noted, however, that most companies have realized that this technology is not going away and that integration will eventually prove to be an important distinction in the industry.
Beck Bamberger career career coach Careers collection agency credit card credit report credit score debt debt consolidation debt counseling Derek Hoffman employment entrepreneur profile Entrepreneurship Facebook financial literacy find a job get out of debt health insurance internet scams Investing Laura Tirello life coach marketing Mike Michalowicz Money Management mortgage new company paying for college personal finance recession save money saving money Shopping social media start a business student loans the edge Toilet Paper Entrepreneur Travel unemployment video young entrepreneur young entrepreneurs
- Most Read
- Most Emailed
- Most Comments
Financial help Center