Client portal from one vendor. Onboarding from another. A reporting tool bolted on because the first two didn’t deliver. Maybe a fourth system for compliance.
Sound familiar?
Most UK wealth management firms aren’t short on tech — they’re drowning in it. And the real cost isn’t the licence fees. It’s:
- Onboarding that takes 2-6 weeks because ID checks, suitability and account opening all live in different systems
- Advisers losing time re-keying data instead of managing money
- MI that means manual extraction and spreadsheet wrangling, not real numbers, on demand
Here’s the bit most firms miss: this isn’t just a “best-of-breed” problem. Plenty of firms running a single vendor’s platform have the exact same issue — one interface hiding the same fragmented mess underneath.
The real question isn’t how many portals you have. It’s whether your data lives in one place and your workflows run through one engine.
At Step Fourth, we built Blue Nova because we got tired of watching good firms held back by software that was never designed to work as one system. Client portal, onboarding, management information, Data Intelligence, one platform, one data layer, from day one.
If you were building your firm’s tech today with no legacy contracts and no sunk costs, would you pick what you’re running now?
If not, let’s talk. stewart.foster@stepfourth.uk
#WealthManagement #WealthTech #DFM