The Tools Make The Man

Looks like there's quite a market for new wealth-management software tools. Some 75 percent of wealth managers are “frustrated” or “very frustrated” with their current software tools, according to a recent survey of North American wealth managers by NorthStar Systems International, a provider of wealth management software. What's more, over 88 percent agree, or strongly agree, that, “a strong wealth-management platform is critical to growing a financial-advisory practice” in 2008, up from 82 percent the previous year.