How can we as technology providers navigate the challenges around legacy technology? Richard N. Hart III of Advisor360° and Nick Diodati of Charles River Development discuss.
Rich Hart: Are we ever going to have an iPhone-like capability within wealth management? Is that even possible?
Nick Diodati: I think the opportunity to get there is definitely there. The question just becomes the challenges and hurdles associated with legacy technology, with the advancement of certain infrastructure changes that will enable some of that.
But I think that's the path and direction that we as technology providers have to execute against. Those are the mandates and expectations that are being set by the community of users that we look to serve as a result of being in the technology business serving the wealth management community. So I think we can absolutely get there, but there will be real challenges about getting past that.