Global wealth management technology spending by financial companies will reach $3.7 billion in 2010, a 5% increase over 2009, according to the latest research from Boston-based Celent.

Most of this spending will be on technology centered in the front office as firms try to improve the parts of their business that interact directly with customers, says Isabella Fonseca, co-author of the report, called “Wealth Management Business and IT Priorities for 2010: A Global Perspective.”

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