While it’s unlikely that a robot will replace the kind of relationship advisors provide, it’s already a reality that investors expect an elegant blend of a relationship with the ease of a technology to allow for engagement on their own time.
While most Americans are focused on turkey dinners and Black Friday sales, some financial advisers look to Thanksgiving as a good time for families to bond in an unlikely way: by talking about money....More
While it’s unlikely that a robot will replace the kind of relationship advisors provide, it’s already a reality that investors expect an elegant blend of a relationship with the ease of a technology to allow for engagement on their own time....More
Battles between brokers and private bankers for very wealthy clients have always been fierce, but Wells Fargo & Co is changing its rules to encourage partnerships of the two rivals that it says will open a $300 billion opportunity....More
Whether you’re aware of it or not, finance is a mental game as much as it is based in cold, hard math. Advisors must learn and understand the power of the mind and how it affects their behavior when it comes to making investment decisions.
Technology is a critical differentiator in today's digital age for running an efficient and effective practice. Those entrepreneurial financial advisors and wealth managers who are leveraging technology in their firms are creating better client experiences, improving cash flow, generating new revenue streams, and scaling their services....More
Shedding non-core activities can free advisors to focus on what’s really important; meeting with clients and engaging in other revenue generating activities. Outsourcing the investment management function of the practice is one way to do so. For those still skeptical—the proof is in the results....More