E-book: Top 5 Myths About Client Lifecycle Management (CLM)

Wealth managers who can avoid being fooled by CLM myths will go on to make the right technology investment decisions for the business.

Share

Top 5 Myths About Client Lifecycle Management (CLM)

5 CLM mythsWhether Client Lifecycle Management (CLM) myths are perpetuated through misunderstanding, misinformation or ignorance, they can result in long-lasting harm when they form the basis for technology investment decisions. The problem with myths is that they are often based on plausible half-truths, and it is only with the passage of time that doubts are raised and mistakes realised. By then it is too late.

The phrase “act in haste, repent at leisure” has never been so apt. Technology investments are set to rise and when mistakes are made there is plenty of time to dwell on them post-implementation.

According to a WealthBriefing survey, 75% of wealth managers will increase technology budgets by 2022, from already high levels, in an effort to close the digitalisation gap. 85% of firms are looking to boost advisor productivity and 70% are seeking reductions in their operational costs by 2022 as key moves to boost profit.

So, the stakes have never been higher. Wealth managers who can avoid being fooled by the CLM myths in the first place will go on to make the right technology investment decisions for the business.

Download the e-book to discover the truth behind the top 5 Client Lifecycle Management myths.

Complete the form to download the e-book

Share

dOWNLOAD OUR resource
FOR FURTHER INSIGHTS

LATEST INSIGHTS

How can wealth managers leverage data to drive relevance?

27 February 2024

How can wealth managers leverage data to drive relevance?

Throughout the client lifecycle, there is a wealth of data relationship managers can tap into to determine next best actions and build trust.

4 min. read

The compliance advantages of hybrid servicing

24 February 2024

The compliance advantages of hybrid servicing

There may be many ways in which a wealth management business ensures the digital functionality of its hybrid model is compliant. In this article, we will focus on three features that should be embedded in the hybrid model solution to ensure greater compliance with regulatory requirements.

3 min. read

Wealth Dynamix now available on Temenos Exchange

1 February 2024

Wealth Dynamix now available on Temenos Exchange

Wealth Dynamix, a leading provider of Client Lifecycle Management solutions, today announced Wealth Dynamix is available on Temenos Exchange, the partner ecosystem of integrated fintech solutions.

3 min. read

Sign up to our Newsletter

GET THE BROCHURE
Client Onboarding