It's not just the Baby Boom generation that is heating up the markets for financial planning and wealth management. Across the industry, the software is getting tighter, more polished and more capable.Driving these changes are four basic trends:

* The need to serve a more diverse group of clients. Where the industry of a decade ago served the wealthy and the retired, it now must account for the needs of a generation that has done a generally poor job of preparing for retirement and beyond. These clients don't have much put away, and even less to spend on financial plans. So the need for basic analysis software is growing and may eventually become a greater market even than that for full-blown planning and wealth management software.

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