When it comes to technology, the wealth management industry is currently inhabited by two kinds of creatures: dinosaurs and fleet-footed mammals.

The dinosaurs are old school. Most of them have been in the planning business for a long time, have established books of business and rely heavily on an older clientele who are either near or already in retirement. On the bell-shaped information technology curve, these folks are among laggards. They make some use of IT, but they adopted it in a slow and lumbering manner.

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