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Advisor Group’s eQuipt is a Quantum Leap in Onboarding Technology

Advisor Group’s eQuipt is a Quantum Leap in Onboarding Technology

Posted by on Jan 28, 2019 in Technology

Operations and business management can act like quicksand for independent advisors, who need to spend more time managing day-to-day operations than their branch network counterparts. This is according to Cerulli who also reported that while advisors overall spent 21% of their time on administrative tasks such as account opening, independent advisors spent 49% more time […]

We Built The Technology, But Advisors Didn’t Come

We Built The Technology, But Advisors Didn’t Come

Posted by on Jan 14, 2019 in Conference Summaries, Technology

“When advisors see great technology, they want it. We build it, but they don’t really use it.” — Dean Zayed, CEO and Founder of Brookstone Capital Management Unlike the mysterious voice from the Kevin Costner movie Field of Dreams that said, “if you build it, they will come”, financial advisors do not always embrace new […]

Is Cryptocurrency Ready for Wall Street?

Is Cryptocurrency Ready for Wall Street?

In the year 1637, in what is now the Netherlands, market speculators bid up the prices for tulip bulbs to astronomical amounts.  In one alleged transaction, a single bulb of the Viceroy variety was traded for 1,000 pounds of cheese, 12 sheep and 8 pigs. The Tulip Mania, as it was later called, ended with […]

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 […]

Mission: Impossible – Choosing the Right Digital Advice Vendor

Mission: Impossible – Choosing the Right Digital Advice Vendor

Posted by on Sep 5, 2018 in Conference Summaries, Technology

“Your mission, should you choose to accept it, is to review and analyze the leading vendors in the digital advice space and select the best one for your firm.” “This message will self-destruct in five seconds.” Sometimes it seems that the only way to fully grasp the rapid advances in advisor technology is to be […]

Who Are the Leading Vendors in AI for Wealth Management?

Who Are the Leading Vendors in AI for Wealth Management?

Artificial Intelligence products and platforms deployed at the enterprise level is still a relatively new experience. Even though wealth management firms are slowly embracing machine learning (ML), natural language processing (NLP) and other models to dig deeper into their customer data and make business decisions, we are only scratching the surface of the benefits of […]

The Game of Thrones Struggle Between Banks & Wealth Managers

The Game of Thrones Struggle Between Banks & Wealth Managers

Posted by on Mar 4, 2018 in Banking, Technology

2017 was a series of ups and downs for banks. The recently passed tax bill lowered their rates which will boost their bottom line and any interest rate hikes will goose their lending revenue. But new competitors lurk around every corner as technology giants such as Amazon, Facebook and Apple are launching consumer-facing financial products that chip […]

Is AdvisorEngine Building a Tamarac Killer?

Is AdvisorEngine Building a Tamarac Killer?

Posted by on Feb 3, 2018 in Asset Management, News, Technology

How much do you need to spend to build a wealth management platform that is able to compete with the established market leaders? Around $60 million, based on the total investments gathered by upstart wealthtech vendor AdvisorEngine. This is how much cash the firm has grabbed since 2014, when it was launched by Rich Cancro, who was […]

Is CleverDome the Holy Grail of Cybersecurity?

Is CleverDome the Holy Grail of Cybersecurity?

Posted by on Jan 7, 2018 in Conference Summaries, Technology

“If you think technology [alone] can solve your security problems, then you don’t understand the problems and you don’t understand the technology.” – Bruce Schneier, Cryptographer and computer security expert Companies around the world are under constant attack by an increasingly business-savvy brand of cyber-criminal. Using ever more sophisticated techniques, they have successfully stolen hundreds of millions […]