Folio Institutional, a financial technology provider, published a list of top trends in 2016 that will affect the wealth management industry. The company, of course, thinks the impact technology has on advisors will be the biggest trend of the year, but more interesting is what it believes is driving the digitization of the industry. Folio believes behavioral finance will continue to shift from goals-based planning towards holistic financial planning, and that advisors will start thinking about millennials more in terms of investing traits instead of their age. The firm also predicts an uptick in private investing, ESG investing, and mobile transactions among clients. Advisors will need to be technologically prepared to meet these demands.