Cloud-hosted storage and sharing services
Discover the top suppliers of cloud-hosted document storage and sharing services used by wealth professionals, and learn how advice firms are using this technology.
What are the most popular cloud-hosted storage and sharing services?
A cloud-hosted storage service allows files (such as documents, images and presentations) to be shared, accessed and downloaded online from any computer or mobile device.
A great cloud-based storage service benefits your advice business by allowing work to be browser-based, meaning files can be worked on anywhere. Cloud storage also helps to simplify document sharing and collaboration, back up files, and allows for files to be previewed even if you don't have the full software installed (e.g. Adobe Acrobat).
Research from the Netwealth 2021 AdviceTech Report shows that the top 4 suppliers of cloud-hosted storage services used by wealth professionals and financial advisers include: Microsoft OneDrive (36.5 per cent of advice firms), Xplan (34.3 per cent), Dropbox (24.5 per cent), and Sharepoint (19.0 per cent),
Netwealth's 2021 AdviceTech Report
The 2021 Netwealth AdviceTech Report explores six major opportunities and crucial technology trends that advice firms should consider as they evolve their client value proposition and enhance their customer experience.
How are advice firms using this technology?
78.7 per cent of advice firms use cloud-hosted document storage and sharing services.
A further 8.6 per cent of advice firms plan to use cloud-hosted storage in the next 24 months.
For those firms that use cloud-hosted storage, three-quarters (75.7 per cent) do so daily.
Explore other AdviceTech tools used by wealth professionals
- Accounting software
- Cashflow, budgeting and account aggregation tools
- Client portals
- Cloud-hosted document storage and sharing services
- Cloud-hosted email and communication services
- Commission management software
- CRM software
- Database and system integration technology
- Digital signature tools
- Email campaigns and newsletter management technology
- Investment research tools
- Managed accounts
- Online and mobile advertising
- Online fact-find and risk profiling tools
- Presentation software
- Scaled advice technology
- SMSF administration software
- Social media management tools
- Social media networks
- Superannuation and investment platform
- Survey and client feedback tools
- Task, activity and project management technology
- Virtual online meeting tools
- Website management and blog tools
More AdviceTech resources
Innovation workshop
Netwealth has designed this 90-minute workshop to help you and your team prioritise technology solutions against business objectives to develop your business' AdviceTech roadmap.
The Emerging Affluent Report
This report is a playbook for financial advisers on how to attract, manage and retain The Emerging Affluent.
2021 AdviceTech summary video from Matt Heine
This 12 minute video explores some of the core themes that are highlighted in Netwealth's 2021 AdviceTech report.