Maximizer Software Inc.

Maximizer Software Inc.

June 23, 2014 09:00 ET

Maximizer Software New Report: Key Trends in Wealth Management Business Practices

Survey of 900+ Investment Advisors Exposes Expected Growth Rates, Client Attrition Trends, Succession Planning and Planned Investment in Technology

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 23, 2014) - Maximizer CRM, a leading provider of flexible CRM software for growing organizations, has released a new industry report featuring the results of a survey done to 900 investment advisors and wealth managers in North America. The report identifies the business practices of top advisors, common obstacles to growth and how investment advisors are leveraging new technology.

"There is a growing demand from wealth managers and investment advisors to leverage technology to help manage growth in their challenging industry," said Vivek Thomas, President, Maximizer Services Inc. "From managing attrition rates to new client growth to increasing revenue from existing clients - CRM methodology has helped across the board."

"Our goal in commissioning this report was to help investment advisors and wealth management firms identify common industry trends and compare business practices with peers from across the industry," explained Vivek Thomas. "The survey results display the complex business challenges faced by advisors and how successful advisors plan to navigate these issues in 2014."

According to the report, reducing attrition rates, dealing with regulatory complexities, and investing sensibly in technology are of primary importance to investment advisors in 2014. Advisors expressed a high level of confidence in successfully managing these challenges and estimated growth rates indicate a confident outlook for 2014.

"Top advisors remain successful by focusing on what matters most - meaningful client engagements. CRM technology allows them to streamline other time consuming tasks, freeing up their most valued commodity, time," added Thomas.

The survey results can be found in the, Industry Report: Key Trends in Wealth Management Business Practices available now at

Highlights of the key findings in the report:


68% of U.S. advisors considered technology investment a key priority for 2014

35% of advisors plan to increase investment in technology during 2014

41% of respondents plan to upgrade CRM technology in 2014


96% of respondents are confident or very confident they will see positive income growth in 2014

37% of advisors are projecting 10-to-20% growth in Assets Under Management

31% of advisors in the US identified 'keeping up with regulations' as there largest obstacle for growth

Succession Planning

48% of advisors plan to retire in the next 15 years

62% of advisors agreed CRM software makes their business more valuable

About Maximizer CRM

Maximizer has been a leader in CRM software for over 25 years. Our Wealth Management solution helps investment advisors and wealth management firms expand their book of business by effectively managing clients and streamlining complex operations. Maximizer CRM is easy to securely deploy and inexpensive to maintain, yet powerful enough to meet the specific needs of financial services professionals.

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