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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 […]

The Tao of Risk and Client Acquisition: Is Financial DNA Your New Secret Weapon?

Posted by on Jan 26, 2017 in Risk Management

Considering the tidal wave of fear-driven headlines these days, it’s tough focusing on the biggest issue we should be worrying about.  Climate change causing the oceans to rise?  Over-exuberant stock market heading for a crash?  The New England Patriots winning another Super Bowl? The problem is that human brains just aren’t wired to make accurate risk predictions. Financial advisors […]

Redtail vs Salesforce FSC: Which is the best CRM for Financial Advisors?

Posted by on Jan 17, 2017 in CRM

Customer Relationship Management (CRM) software that is fully-integrated into a firm’s infrastructure can be an incredibly powerful tool.  It is just one of a wide array of financial technology (fintech) tools that have been engaged in a technological arms for advisors trying trying stay abreast of their competition as well as the expectations of increasingly tech-savvy clients. With the […]

The Top 10 WMToday Posts from 2016

Posted by on Jan 7, 2017 in Industry Analysis

Craig’s Note: I love these summary articles because they’re a great way to re-purpose content while providing you, our loyal readers, with a handy overview of the year gone by.  Robo-Advisors are still a hot topic, although I believe a B2C shakeup is likely in 2017.  Portfolio rebalancing tools have been a staple on this blog since it started. […]

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 […]

Can DigitalPlus Advisors Topple the Robos?

Can DigitalPlus Advisors Topple the Robos?

Posted by on Nov 3, 2016 in Conference Summaries

There has been an endless stream of synonymous terms created to describe advisors who leverage technology to provide online advice.  Digital advisors, hybrid advisors, or technology-enhanced advisors have all been suggested. At the Money Management Institute’s Fall Solutions Conference held last month, Chicago-based management consulting firm A.T. Kearney coined a new term, the DigitalPlus advisor. Follow me on Twitter @CraigIskowitz Bracing for the […]

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 […]

4 Career Tips from Successful Women in FinTech

4 Career Tips from Successful Women in FinTech

Posted by on Sep 26, 2016 in Industry Analysis

There is a curious trend an observant mind will notice while scanning the halls of any wealth management conference. In most rooms, less than 15 percent of the crowd are women. Despite ongoing efforts, bringing larger numbers of women into the financial advisory fields has been challenging. FinTech has been no exception. Despite the sector’s power […]