Rather than a replacement to human advisors, the report said, investors instead see technology as an enhancement to existing wealth management efforts. Interestingly, investors with $10 million in investable assets indicate particular interest in integrating technology compared to the rest of their high-net-worth counterparts, the report noted. It said a third of those investors prefer their advisor to integrate technology into their service, citing a desire to use technology to keep up with their wealth manager about their positions and performance.
In addition, the report noted that younger investors age 25 to 39 indicate an interest in “what if” analyses of their holdings and track progress toward their financial goals. It said they are twice as likely as older investors to demonstrate interest in this technology.