The Strategic Role of Managed Service Providers in Wealth Management with Stephen Simons

Episode 012: Managed Service Providers (MSPs) are becoming important as the world of finance undergoes a rapid digital transformation. They specialize in compliance, security, and support, ensuring that the firm's technology aligns with regulatory requirements while providing a seamless user experience. As the changing regulatory environment presents challenges and opportunities for firms to enhance their cybersecurity and compliance practices, partnering with the right MSP helps firms build a more secure, fully supported, and highly scalable industry.

In this episode of Connected, Kyle is joined by Stephen Simons, Chief Executive Officer at Restyn. They discuss how an MSP (Managed Service Provider) can help wealth management firms with IT, security, and compliance. An entrepreneur with strong strategic planning, critical thinking, and technology solution delivery skills, Stephen emphasizes the need for a strategic approach to IT. He highlights the benefits of using an MSP, such as access to expertise, scalability, and cost-effectiveness. Stephen also shares the recent changes in the regulatory environment for cybersecurity and the importance of adopting the Zero Trust model.