We all know that technology tools do a lot for advisory businesses. They add efficiencies, improve services, enable interactive planning, build better advisor-client relationships, and much more. Which is why it’s no surprise that financial advisors continue to spend more on technology year after year.
In fact, according to the 2015 InvestmentNews Technology survey, advisory firms spent 22.4% more on tech in 2014 than they did in 2013. And over 90% of respondents said they planned to continue to either spend the same or increase their spending.
But there is always the question: is that money being spent wisely?
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