Categories
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 […]

9 Questions on Artificial Intelligence for Wealth Management

9 Questions on Artificial Intelligence for Wealth Management

Posted by on Aug 28, 2017 in Conference Summaries, Technology

“I believe that by the end of the century, the use of words will have been altered so much that one will be able to speak of machines thinking without expecting to be contradicted.” ― Alan Turing, English mathematician, computer scientist and cryptologist, from Computing Machinery and Intelligence The foundation of AI started back in 1950 […]

RBC Tries to Jumpstart RIA Custody Business with New Platform

RBC Tries to Jumpstart RIA Custody Business with New Platform

Posted by on Aug 24, 2017 in Industry Analysis, Technology

The asset gap between the Big 4 RIA Custodians and the second-tier custodians is as wide as the Grand Canyon. With a combined asset base of over $2.5 trillion, the Big 4 would seem to have nothing to worry about from their small custodian peers. Yet, the many niche RIA custodians don’t seem to be […]

7 Mistakes to Avoid in a Request for Proposal (RFP) Process

7 Mistakes to Avoid in a Request for Proposal (RFP) Process

Posted by on Jun 21, 2017 in Opinion, Technology

In Ancient Greece, a man could propose marriage to a woman by throwing an apple at her.  If she caught the apple, it meant she accepted the proposal. For wealth management firms searching for new technology partners, throwing fruit at them would not be an appropriate replacement for a formal request for proposal (RFP) process. […]

MMI Model Hub Looks to Unify Battling Vendor Networks

MMI Model Hub Looks to Unify Battling Vendor Networks

Posted by on May 23, 2017 in Industry Analysis, Technology

The era of the model hub as a standalone product has arrived. With the launch of model hubs like InvestEdge’s MMxCHANGE, Vestmark’s Manager Marketplace and the soon-to-be released Money Management Institute’s (MMI) Model Hub (the Hub of Hubs), model hubs have moved from internal-only tools that took a back seat to portfolio management and trading and have become […]

Can Big Data Make Risk Tolerance Questionnaires Obsolete?

Can Big Data Make Risk Tolerance Questionnaires Obsolete?

Posted by on May 14, 2017 in Risk Management, Technology

This week, we remember a seminal event in the history of artificial intelligence. It was the twentieth anniversary of world chess champion Gary Kasparov’s loss to IBM’s Deep Blue supercomputer. I was fortunate to be in attendance when Kasparov gave a keynote speech at the 2017 Envestnet Advisor Summit, where he spoke about his latest book, Deep Thinking. […]