As demand for wealth management services increases and more asset managers enter the business or expand their offerings, technology vendors that offer wealth management platforms for those companies to sell their products through financial advisers are upgrading and adjusting those systems.

Just as asset managers are adjusting their business models to serve high-net-worth investors, so, too, are technology providers, said Matt Schott, research director in the brokerage and wealth management practice at Needham, Mass.-based TowerGroup.

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