What If RoboAdvisors Gave Away Financial Planning?
Bill Gates made a splash recently with a controversial statement about how to deal with the impact of technology on the job market. He proposed a new tax on companies that install robots to replace human workers. His logic is that a tax will reduce the pace of automation and the money raised would be used for retraining […]
5 Reasons Why Banks Should Start Their Own RIAs
Twenty years ago, the majority of new accounts opened by banks were trust accounts, while only a small minority were advisory accounts. That has since flipped 180 degrees. Now, the majority of accounts are advisory, with only a small percentage being trust accounts. Yet, many bank wealth management groups still put all of their accounts onto […]
Riskalyze Expands Beyond Profiling to Become a TAMP Supermarket
The waiting is over. And we didn’t have to wait all that long. We finally know what Riskalyze CEO Aaron Klein did with the $20 million in Series A funding the firm raised last October. They built their own Turnkey Asset Management Platform (TAMP). The reveal occurred at last week’s T3 Advisor Conference in Los Angeles, CA. Klein kicked […]
25 Awesome Financial Advisor Technology Tools – Winterberg
Armies of technology vendors seem to be converging on the wealth management industry offering cloud-based services to automate every task a financial advisor could ever think of. These tools can help advisors connect and communicate with clients and prospects anywhere in the world. But which ones are best for your needs? The myriad choices can […]
Fast Twitter Recap of T3 Conference Dallas 2015 – Day 2
Here’s a lightning fast overview of Day 2 of the Technology Tools for Today (T3) Conference – Advisor Edition from Dallas based on selected Twitter posts (with the #T32015 hashtag) as a guide. I’ll be diving into more detail on a bunch of these sessions in the near future. But I wanted to get this […]
Bill Harris Takes a Dive at MMI During His Personal Capital Promotional Tour
Bill Harris was running late. The CEO of Personal Capital had agreed to be part of the advisor technology panel at the Money Management Institute’s 2014 Fall Solutions Conference. It was already past 12:30pm, when the panel was scheduled to begin and Bill had not yet arrived. He had gotten stuck in traffic on his […]
Merrill Streamlines Their Platform To Deliver UMH for Clients
Last week, I was contacted by a reporter from FundFire looking for my comments on a new feature that Merrill Lynch has implemented as part of their $100 million platform consolidation project. The project, called Merrill One, is replacing five other legacy programs, some of which have been running for over 25 years. She was […]
Envestnet’s ENV2 Platform Delivers New UMA Features
Sliced bread. The electric light bulb. Indoor plumbing. Unified Manged Accounts (UMA’s) were supposed to be better than these revolutionary inventions and a whole lot more. They still have not lived up to their hype, but UMA’s have become a standard offering for all managed account platforms. In this summary of a session from Envestnet’s […]
