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Charles Schwab’s Crystal Ball Sees Less Technology in the Future for Custodians

Charles Schwab’s Crystal Ball Sees Less Technology in the Future for Custodians

Posted by on Mar 4, 2019 in Custodians

“What senses do we lack that we cannot see or hear another world all around us?” ― Frank Herbert, Dune Successful business leaders usually see the world differently from everyone else. They’re visionaries who are able to perceive that the world is changing before most other people and they take action to get ahead of the curve. […]

#ItzOnWealthTech Ep 1: Joel Bruckenstein’s highlights from the T3 Advisor Conference

#ItzOnWealthTech Ep 1: Joel Bruckenstein’s highlights from the T3 Advisor Conference

Posted by on Feb 24, 2019 in Asset Management

Podcast: Subscribe: Android | RSS “Our industry is still evolving.  The entrepreneurs and innovators can’t just rest on their laurels. When they see an opportunity to do something exciting they just want to jump on it.” — Joel Bruckenstein Joel Bruckenstein, CFP® (@fintechie) is publisher of the T3 Tech Hub and the producer of the Technology Tools for […]

19 Ideas from the T3 Advisor Conference Your Boss Needs to Know

19 Ideas from the T3 Advisor Conference Your Boss Needs to Know

Posted by on Feb 6, 2019 in Conference Summaries

In order to escape the Polar Vortex gripping the country, I traveled to a much more comfortable location in beautiful Denton, TX and attended the T3 Advisor Conference 2019. Ready to kick off #T32019 with the incomperable @FinTechie – Lets Go! #EverythingIsBiggerInTexas pic.twitter.com/LjCpGL7OQO — Craig Iskowitz (@craigiskowitz) January 30, 2019 How can we start a […]

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 […]

How the Quovo Deal Validates Envestnet’s Vision for Yodlee

How the Quovo Deal Validates Envestnet’s Vision for Yodlee

Posted by on Jan 22, 2019 in Industry Analysis

“Good ideas are always crazy, until they’re not.” – Larry Page, co-founder of Google When Envestnet CEO Jud Bergman announced that his company was shelling out just under $600 million to buy data aggregator Yodlee, saying that the market did not approve was an understatement. The firm was blasted by both the press and equity […]

Winners of WealthTech: Lori Hardwick

Winners of WealthTech: Lori Hardwick

Posted by on Jan 13, 2018 in Interviews

This is the fifth article in a series we are calling Winners of WealthTech, where I interview people who have made a name for themselves in wealth management technology and have a track record of innovation and success. My previous four interviews were wildly successful in terms of views and traffic, so there will be […]

Envestnet Expands Their TAMP Empire with FolioDynamix Deal

Envestnet Expands Their TAMP Empire with FolioDynamix Deal

Posted by on Sep 27, 2017 in Industry Analysis

When the same football team keeps winning the Super Bowl or the same baseball team keeps winning the World Series, everyone gets used to hearing the same teams names mentioned every year. The same might be true for acquisitions in the wealth management technology space.  For the past few years, the name behind much of the […]

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 […]

WealthManagement.com: What’s Riskalyze Building?

WealthManagement.com: What’s Riskalyze Building?

Posted by on Aug 14, 2017 in Industry Analysis

“The future is already here — it’s just not very evenly distributed”. When science-fiction writer William Gibson came up with this maxim in the early 1990’s, he was referring to how technological advances are unevenly spread across the globe. The same holds true for technological advances across the fintech space. Take Riskalyze for example. When the company was […]

Pershing Looks to Natixis to Help Them Catch Envestnet in UMA

Pershing Looks to Natixis to Help Them Catch Envestnet in UMA

Posted by on Apr 20, 2017 in Industry Analysis

Unified Managed Accounts (UMA) never achieved the expected market domination or lived up to the peak hype that existed before the financial crisis.  Now, it is just another managed account program, alongside Separately Managed Accounts (SMA), Mutual Fund Wrap (MFW), Rep-as-Advisor (RAA) and Rep-as-PM (RPM).  While UMA currently holds only around 12% of all advisory assets, according […]