With apologies to Marie Kondo, when it comes to wealthtech sometimes more is more.

According to a Cerulli report, advisory firms that are “heavy users of technology” are outpacing their peers in terms of client and AUM growth. And a recent Fidelity study found that tech-forward firms deliver better client experiences and report higher advisor satisfaction than those slower to adapt.

Still, which tools advisors use matters. That’s why it’s worth taking inventory of a firm’s technology products and practices to determine which are past their prime. Here are seven that are probably worth retiring and more modern solutions that may prove a better fit for your firm.

Read all seven steps on Financial Planning.

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