The 2023 WealthStack Study

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The 2023 WealthStack Study, brought to you from and sponsored by BILL, explores how technology is driving the growth of wealth management firms. 

The results of the initial WealthStack survey (2022) demonstrated that wealth managers have a sharp focus on how to leverage technology to better serve their customers and make their firms as efficient and effective as possible.

This year, advisors, c-suite executives, and others across the industry shared information on technology usage, budgets, personnel, return on investment, and future plans. 

Results include: 

Sixty-eight percent of respondents report their firms’ technology budgets will increase in 2024. 

More than nine in ten respondents (91%) plan to adopt new technology in 2024.

Artificial intelligence (AI) will have the biggest impact on the wealth management industry in the next five years, according to 82% of respondents.