21.06.2023 Articles

In recent years, the wealth management industry has been rapidly advancing with the help of technological innovations. This has enabled wealth managers to develop more sophisticated strategies and ensure optimal returns for their portfolios. In the following lines we will analyse the Top tech trends in the Wealth Management realm.

It is expected that 2023 will bring notable advances to the world of wealth, fund and asset management, as the industry continues to refine its tools and strategies to meet the ever-changing needs of younger generations of investors.

The top trends that Wealth Managers need to know

Deeper integration of AI, Machine Learning and automation

Artificial Intelligence and Machine Learning integration will play a vital role in portfolio management, risk assessment, and investment decision-making. By analyzing vast amounts of data and identifying patterns, these technologies can provide more accurate predictions and insights, helping wealth managers make informed decisions.

Moreover, Robotic Process Automation (RPA) will lift the burden of the routine tasks, client onboarding, handling data entry, reconciliation, and reporting processes, freeing up human resources to focus on more strategic tasks such as investment analysis and client relationship management. As a result, these technologies will enable wealth management companies to streamline processes, improve operational efficiency, and reduce costs.


Robo-advisory is one of the biggest trends in the wealth management industry in the next years. A robo-advisor is a software platform designed to automatically analyse investment trends and opportunities, based on a specific investor’s profile, risk tolerance, goals and preferences. According to Deloitte, $16 trillion AUM will be managed by Robo-Advisors by 2025, providing tailored investment advice and bespoke portfolio management services.

Utilising Artificial Intelligence and advanced Machine Learning technologies, Robo-advisors can be incredibly helpful. They allow wealth managers to create and develop a portfolio with minimal effort and input, while considering the investor’s desired objectives over time. This technology is expected to become increasingly popular in the years to come, making portfolio management more accessible to individual investors and providing a cost-effective alternative to traditional investment advisors.

Digital Wealth Platforms

Another trend for wealth management in 2023 is the emergence of digital wealth platforms. The digital asset management software uses Machine Learning algorithms to analyse market data and provide sophisticated financial decisions. This can help investors make more informed decisions without the need for human intervention. In addition, wealth management software allows for a more agile and automated approach to portfolio management, client onboarding (KYC) and reporting to the end-client, with fewer risks and higher returns.

Moreover, being deployed on premises or as SaaS, Cloud Asset Management Platforms offer advanced cybersecurity protocols, access to important data 24/7 and a whole new and intuitive customer experience.


Omnichannel wealth management platform


Big Data Analytics & Alternative Data Sources

With the proliferation of data sources and the increasing availability of alternative data, investment managers are leveraging big data analytics to gain a competitive edge. According to World Financial Review, as Investment Management firms rely on heavy data analytics, rather than intuition, the data-heavy approach will continue to increase.

By harnessing large and diverse datasets, wealth managers can uncover unique insights, identify investment opportunities, and manage risk effectively.

ESG as an investment strategy

Finally, the trend of socially responsible investing (SRI) is expected to continue to grow in 2023. SRI is an investment strategy that considers environmental, social, and governance (ESG) criteria when making investments. According to World Wealth Report by Capgemini, 55% of HNWIs invest in causes with positive ESG impact.

Investors are increasingly incorporating ESG factors into their portfolios and actively seeking out companies and funds that are committed to promoting sustainability and social responsibility. As such, wealth managers are increasingly looking to incorporate sustainable investing strategies into their portfolios to meet market demand.


Automating your Wealth Portfolio Management

Overall, 2023 is expected to bring significant advances to the world of wealth management, as the industry continues to respond to the changing needs of investors. Technologies such as robo-advisors, digital asset management platforms, data management, and socially responsible investing are just a few of the trends that are expected to be prominent during this time.

As the industry continues to evolve, investment firms and fund/asset management companies must remain up-to-date on the latest advancements to secure sustainability and increase their market share. The Investment Management platform Axia Suite offers investment advisors and their clients 24/7 access to their most precious information from anywhere, in a secure and intuitive way, front-to-back.



  1. Digital and AI-enabled wealth management: The big potential in Asia [McKinsey & Company]
  2. McKinsey & Company [Deloitte]
  3. The Future of Software Asset Management in Business: Trends and Predictions [World Financial Review]
  4. Wealth Management Top Trends [Capgemini]
  5. World Wealth Report 2023 [Capgemini]