A Roadmap for WealthTech
March 1, 2022 | Davis Janowski | WealthManagement.com
Four prominent academics weigh in on how technology will impact wealth management in the years—and decades—ahead.
The lion’s share of technology coverage at WealthMangement.com focuses on the daily iterations of technology relevant to financial advisors and wealth managers—as well it should.
While this focus does a good job of keeping track of what’s new, it’s a myopic view of how the broader society is progressing when it comes to innovations in wealth management.
For this year’s annual technology issue, we have done something a bit different. We reached out to high-level thinkers in academia and think tanks who are themselves tracking or working on issues of wealth creation, management and preservation.
We asked each the same questions: Where will wealth management technology be both five years from now and at midcentury in 2050? What aspects of it are going to have the most profound effects on the industry and how will it evolve?
“Competition and technology have led to the democratization of investing and driven down costs, which are very positive developments for the individual investor,” said Burton G. Malkiel, emeritus professor of economics and senior economist at Princeton University in New Jersey.
