COVID-19 gave a big push to the wealth management industry to adopt digital transformation and implement a digital mindset. However, the key to their success will depend on the effective use of technology to advance client services and attract new investors. Cloud, Automation, Robotic Process, AI, ML, and Blockchain will play an important role in the wealth management industry due to their ability to increase transaction security, transparency, and trust. Thus, to be on a successful path, a wealth management firm needs to enhance customer experiences, data analytics, and new markets accessed by technology.