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What If RoboAdvisors Gave Away Financial Planning?

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 displaced […]

Riskalyze Expands Beyond Profiling to Become a TAMP Supermarket

Riskalyze Expands Beyond Profiling to Become a TAMP Supermarket

Posted by on Feb 21, 2017 in Risk Management, Technology

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 […]

Acorns vs. Stash: Why Micro-Savings Apps Are The Wave of the Future

Acorns vs. Stash: Why Micro-Savings Apps Are The Wave of the Future

Posted by on Feb 6, 2017 in Technology

One of the amazing aspects of innovation is how different people can approach the exact same problem from completely different angles.  The social media has seen hundreds of startups including recent popular apps such as Viber (voice calls), Periscope (video streaming) and Snapchat (disappearing photos that has filed for an IPO at a valuation of $25 billion), whose founders all […]

RoboAdvisors and the DOL Rule: Perfect Together?

RoboAdvisors and the DOL Rule: Perfect Together?

Posted by on Dec 11, 2016 in Technology

I just finished an interesting book called “Time Travel: A History” by James Gleick.  It is a well-written amalgamation of the history of time travel in Western literature, starting with H. G. Wells’ classic, The Time Machine. Since Well’s novel pre-dated Einstein’s theories by almost a decade, he was not aware that time is relative to each observer. […]

Trends in Asset Management

Trends in Asset Management

Posted by on Dec 5, 2016 in Conference Summaries, Technology

Disruption may be the name of the game in the financial industry, but that does not mean everyone necessarily likes it. This year proved to be no exception with more sources of upheaval than ever applying pressure on asset managers. I was recently invited to participate in a panel discussion at an SS&C event in Toronto called, “The View From […]

7 Challenges Holding Back Blockchain

7 Challenges Holding Back Blockchain

Posted by on Nov 27, 2016 in Technology

Nearly three years ago, Internet pioneer and Silicon Valley uber-investor Marc Andreessen wrote an article in the New York Times about how the technology behind Bitcoin, the digital currency, is in a state similar to the World Wide Web in the 1990’s. He predicted that a company using Bitcoin technology, would soon lead a wave of disruption across the financial services […]

FundFire: 3 Reasons Most RIAs Unprepared for CyberSecurity Threats

FundFire: 3 Reasons Most RIAs Unprepared for CyberSecurity Threats

Posted by on Oct 18, 2016 in Technology

This year has seen some of the most high profile hacking attacks in the Internet age.  You would think that the near daily distribution of politicians’ emails would be enough to spur firms to increase their efforts to shore up their electronic defenses. But this has not been the case. While a recent study by the Financial Planning Association shows that cybersecurity […]

How the RoboAdvisor Renaissance Pushed the Industry Out of the Dark Ages

How the RoboAdvisor Renaissance Pushed the Industry Out of the Dark Ages

Posted by on Jul 9, 2016 in Conference Summaries, Technology

While B2C robo advisors have yet to reach asset levels that could threaten traditional advisors, their innovative technology has been spurring firms to revamp their online presence.  A Roboadvisor Renaissance has spread across the formerly stodgy wealth management industry.  Legacy technology vendors are rushing to revamp their user interfaces and add automated investment offerings to meet a […]

How Yodlee’s Predictive Analytics Can Power Envestnet to Revolutionize Financial Advice

How Yodlee’s Predictive Analytics Can Power Envestnet to Revolutionize Financial Advice

Posted by on Jun 22, 2016 in Technology

When Envestnet acquired data aggregator Yodlee in mid-2015 for $590 million, mixed feelings and heated opinions were flying high. Some felt that this was a brilliant move that would augment Envestnet’s capabilities. Others frowned on the transaction citing the 50% premium as unreasonable and anticipating integration issues. A year after the deal was announced, how is the power couple faring? Better […]

How to Avoid Disaster When Choosing a Wealth Management Platform

How to Avoid Disaster When Choosing a Wealth Management Platform

Posted by on Mar 17, 2016 in Industry Analysis, Technology

What’s the best way to select a new wealth management platform? This is a question that I am asked constantly by clients. Everyone seems to have a horror story about the time they went through this process at some time in their career. The downside of living through this nightmare is that you rarely get a second chance to […]