Not All Clouds Are Equal: Demystifying the 'Public vs. Private' Debate

Ask a wealth management colleague to define “the cloud” and you are likely to get a vague response. Even among information technology experts, the term “cloud” may refer to different technologies that are only connected in a general sense. And despite the fact that cloud computing has quickly become the IT norm, the question remains: Is the cloud secure enough to support a wealth management firm’s critical company information and workflow? The truth is, not all clouds are equal, in infrastructure and in management. As such, choosing the right approach to the cloud can have a significant impact, both short- and long-term, on a wealth management firm’s business and the clients it serves.