“Over the past year, we've seen a number of the local wealth management players start to make inroads into better use of technology and analytics to enhance client experience and improve account penetration. However, much of the broader industry remains in its infancy in the adoption of digital technology in particular in the context of front to back digital enablement of the business, but the good news is that there is now an accepted view by wealth management players that they cannot afford to miss the boat on this, and we have seen increased investment budgets and spend to address this gap.”