FinTech Adoption in Wealth Management & Financial Advice FinTech Adoption in Wealth Management & Financial Advice With financial technology (FinTech) in the wealth management and financial advisory sector increasingly attracting attention from consumers, investors, wealth managers and regulators alike, we are keen to understand current attitudes towards FinTech adoption and digitisation of business processes. The responses from this questionnaire will help inform the focus of PIMFA WealthTech and FinTech ecosystem. Led by an Advisory Council of leading wealth management firms and chaired by Evelyn Partners and co-chaired by LGT Wealth, PIMFA WealthTech will prioritise FinTech engagement on key issues facing our sector and the responses to this high-level survey will help direct our activity. If you wish to receive the results of this survey, please let us know by emailing info@pimfawealthtech.com. Questionnaire responses will be anonymised for the purposes of prioritising our focus in 2025. Full Name * Firm * Email Address * What are the biggest technology challenges / blockers facing your organisation? (Select up to three) * Adapting legacy infrastructure to meet new business demands Introducing and incorporating AI process Cybersecurity Keeping up with new regulatory demands Keeping up with new settlement processes e.g. Accelerated Settlement, Digitalisation Changing customer demands Budget and resource limitations Lack of buy-in from the business side / Board Recruiting and retaining top technology talent Other...Other... Where in the value chain do you consider the biggest gains can be made through technological applications? (Select up to three) Client acquisition / prospect management Client profiling and onboarding Product structuring and development Advice and distribution Trading and execution Portfolio and financial management Client reporting and analytics / after sales M&A Activity Other...Other... What are the priority areas for technology spend in your organisation? (Select up to five) * Automation Big Data / Analytics Client analytics & reporting Client onboarding & experience Cloud infrastructure Compliance Cybersecurity Distributed Ledger Technologies / Blockchain Large IT infrastructure revamps Mobile Solutions Payments Portfolio management Risk management Robo Advice Settlement processes Other...Other... Of these areas, which would you consider using technological solutions from a FinTech? (Select up to five) * Automation Big Data / Analytics Client analytics & reporting Client onboarding & experience Cloud infrastructure Compliance Cybersecurity Distributed Ledger Technologies / Blockchain Large IT infrastructure revamps Mobile Solutions Payments Portfolio management Risk management Robo Advice Settlement Activity Other...Other... Has your organisation become more likely to adopt technology and systems from vendors in the past 12 months? (Please pick one answer) * No, we still prefer to build in-house We are starting to adopt more vendor solutions We are actively speeding up our adoption of vendor solutions We already deploy large amounts of vendor solutions and are thinking of outsourcing components of our IT infrastructure Other...Other... Which of these describes your organisation’s attitude towards FinTechs and smaller companies offering new technologies in our sector? (Pick any that apply) Not interested We’d prefer to build our own in-house solutions Monitoring Participating in industry initiatives such as accelerators Have created liaison positions Expect to adopt external technology within the next 12 months Have already bought technology Looking to invest in FinTech companies Have already invested in FinTech companies Other...Other... If your organisation is looking to deploy systems from smaller FinTechs, what is the biggest internal challenge? (Select up to three) * Complicated and long procurement process No time to review and understand technology solution Strict regulatory requirements and standards / risk management Lack of technical skills within your organisation to deploy new systems Financial resource / cost required to onboard and deploy new system Difficulty in integrating new technologies with legacy infrastructure Clash of cultures between ‘us and them’ Lack of buy-in from the business side / senior executive FinTech financial security and track record Poor previous experience in working with third party vendors Other...Other... Submit If you are human, leave this field blank. ContinueSubmit Use Shift+Tab to go back
