Tech troubles: Wealth managers unhappy with current tools.

The majority of wealth managers (70%) have expressed dissatisfaction or indifference towards their existing technology systems, according to recent research conducted by Avaloq. According to the findings, a significant portion of wealth managers, 45%, perceive their current technology systems as outdated, while only 31% are satisfied with their systems’ modernity. Moreover, just 29% believe that their technology aligns with their specific needs, highlighting a gap between existing solutions and user requirements.