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Summary: Fearful that an army of robo-advisors will raid your clients, eat your lunch, burn your fields and leave you high and dry? Then you may be interested to know about a new tech offering that’s not trying to turn robots into financial advisors but rather to get the robots to work for the financial advisor.
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Summary: INSITE 2014 unveils wired body armor for the advisor of the future as it rolls out a slew of NetX360 upgrades. Demonstration of future technologies was a running theme at INSITE conference this year, as 2,300 advisors, broker-dealer executives, trust companies and a large swath of international wealth management folks crowded into the Hollywood Westin resort, just north of Miami Beach.
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Summary: In the advice business, it's better to be David than Goliath in the current environment of regulatory and environmental uncertainty. Registered investment advisers and mid-size broker-dealers stand to benefit as new regulations, low interest rates and a slow-growth economy continue to drive layoffs and consolidation in the industry, said Brian Shea, president of investment services at BNY Mellon Corp.
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Summary: There's a way to fix the financial advisory industry's reputation, as well as its connection to Gen Y clients and talent, said Mark Tibergien -- but it's going to take advisors' help to make it happen.
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Summary: Even the name robo-advisor is derisive. It creates an image of uncaring, lack of humanity and inflexibility. It is the term that is now being broadly used by advisors to describe the new breed of technical startups (upstarts) that directly connect a technical-savvy investor with a suite of analytic tools that allow them to create their own financial plan or investment portfolio. A name this disparaging shows that advisors have some fear of this new model of financial advice.
