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Is BlackRock-Envestnet Deal a Tipping Point for Lite Financial Planning?

Is BlackRock-Envestnet Deal a Tipping Point for Lite Financial Planning?

Posted by on Dec 7, 2018 in Financial Planning, News, Technology

What’s the best way to get financial planning functionality into the hands of more advisors? Standalone  applications, like MoneyGuide Pro and eMoney Advisor, or “lite”financial planning functionality built directly into wealth management platforms? This tug-of-war has been going on for the past few years and it looks as though we might have reached a tipping point. BlackRock […]

The Secret Sauce in the Top 6 Client Onboarding Vendors

The Secret Sauce in the Top 6 Client Onboarding Vendors

Posted by on Nov 25, 2018 in Technology

There is a huge difference in scale between JP Morgan, the largest US retail bank with over $2 trillion in assets, and a small community bank like the Bank of Ontario, which is just shy of $50 million in assets.  They differ in almost every aspect including number of customers, branches, lines of business and global […]

The 3 Deadly Sins Advisors Must Avoid to Grow Their Business

The 3 Deadly Sins Advisors Must Avoid to Grow Their Business

Posted by on Nov 14, 2018 in Practice Management

“Clients aren’t hiring advisors so they can make 1% less per year.” — Ron Carson, CEO, Carson Group This is one of my favorite quotes of the year and a terrific behavioral nudge for advisors to keep looking for ways to increase the value they provide to clients. They should be shown how they are […]

Beam Me Up, Scotty! Orion Enterprise Warps Into a Next Generation TAMP

Beam Me Up, Scotty! Orion Enterprise Warps Into a Next Generation TAMP

Posted by on Nov 7, 2018 in TAMPs

When I first heard the news that NorthStar Financial was acquiring FTJ FundChoice (“FTJ”) and merging it with their subsidiary, Orion Advisor Services, I thought it was a terrific move.  Orion had been slowly moving up the value chain and pitching to larger clients, like broker-dealers and banks, but losing them to market leader Envestnet.  The addition […]

10 Transformational Trends from the T3 Enterprise Conference

10 Transformational Trends from the T3 Enterprise Conference

Posted by on Oct 29, 2018 in Conference Summaries

The high rollers were out, in Las Vegas last week, laying down their bets and placing wagers on contestants in high stakes games. Except these players were going all in on wealth management technology at the T3 Enterprise Conference, which was held for the second year in a row at the Cosmopolitan Hotel. #T32018 It is going […]

99 Takeaways from the Riskalyze Fearless Investing Summit 2018

99 Takeaways from the Riskalyze Fearless Investing Summit 2018

Posted by on Oct 21, 2018 in Conference Summaries

If there is one other thing that Aaron Klein does well, besides building a successful software company, it’s running a conference. Last year’s client conference in Lake Tahoe was a smashing success, so expectations were high for tThe Riskalyze Fearless Investing Summit 2018 held in San Antonio, TX. We really shouldn’t have been worried at […]

3 Trends Helping UMAs Break Through $1 Billion in Assets

3 Trends Helping UMAs Break Through $1 Billion in Assets

Posted by on Oct 16, 2018 in Portfolio Management

Have unified managed accounts (UMAs) finally arrived? After almost two decades of hype, UMAs are on the precipice of an amazing feat. This most complex of managed accounts programs is finally going to eclipse $1 billion in assets. According to data from Cerulli, by the end of Q1 2018 UMA assets reached $986 billion.  This […]

How Technology Enabled Model Marketplaces to Take Off

How Technology Enabled Model Marketplaces to Take Off

It seems as though every wealthtech vendor and custodian has launched their own model marketplace. It’s gotten to the point where I’m expecting to see model offerings at the drive thru at Dunkin Donuts one day soon. According to research from Cerulli, 80% of all financial advisors use some type of model portfolios in their […]

5 Takeaways from 40 Demos at Finovate Day 1

5 Takeaways from 40 Demos at Finovate Day 1

Posted by on Oct 1, 2018 in Conference Summaries

Finovate can be a tough crowd. The conference has set the bar high when it comes to product pitches. This is not a venue for the faint at heart or for vendors with buggy demos. The crowd attending this year’s Finovate Fall does not suffer fools kindly as a number of firms discovered during their presentations. But […]

7 Impressions from the Orion Advisor Conference

7 Impressions from the Orion Advisor Conference

Posted by on Sep 9, 2018 in Conference Summaries

Back when Orion Advisor Services’ CEO Eric Clark was still working for his father’s RIA, I’ll bet he never imagined that one day he would be on stage in front of 700+ clients, partners and staff of his own company. And on his birthday, to top it all off. Yet this very scenario played itself […]