These days, financial advisers and software are often inseparable. They use it for everything from checking in with clients during turbulent times to selecting funds, rebalancing portfolios and even managing their calendars.
The changing nature of the business has also driven advisers toward electronic help. The impending (though now-delayed) rollout of the Labor Department’s impending fiduciary rule, for example, has increased demand for compliance tools, while the growth of robo advisers has made portfolio analysis easier, faster and cheaper.
MarketWatch asked financial advisers and other experts about the tasks for which they found software indispensable — and why — in 2017, as well as what kinds of innovations might be next.