Technology can be a valuable tool to get tasks that used to take hours of work done by an automated system, which frees up time for other tasks. This is true for wealth managers as well, and there are many types of trust technology systems out there that can do the tasks that can be handled by automated systems and allow the people to engage more with current and prospective clients. There are many types of systems that offer various services, including individual tools that specialize in an area and those that are an all-in-one approach.
See Scott Martin, Scope and Specialization Battle for Trust Technology Crown, The Trust Advisor, July 7, 2014.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.
