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3 Reasons to Avoid the Pennies for Apple Watch Budgeting App

3 Reasons to Avoid the Pennies for Apple Watch Budgeting App

Posted by on Sep 3, 2016 in Wearables

Pennies is an app for the Apple Watch and iPhone designed to make budgeting easy. While it provides a seamless experience across iOS devices, it comes up short versus apps like Mint and Banktivity, since it does not go beyond basic budgeting, has limited customization options and a high price to boot. Not A Bad Penny It takes no more than a […]

Question of the Month: Ensuring DOL Compliance

Question of the Month: Ensuring DOL Compliance

Posted by on Aug 7, 2016 in Industry Analysis

For much of the past year, the wealth management industry has alternately dreaded and lamented the DOL Fiduciary Standard rule. With the DOL legislation now behind us, how can broker-dealers successfully adjust their business strategy? This question was posed to us recently when a large, independent broker dealer (IBD) was in need of a corporate […]

Financially Fragile Millennials Respond to Targeted Web Content

Financially Fragile Millennials Respond to Targeted Web Content

Posted by on Jul 27, 2016 in Conference Summaries

Millennials have long presented a puzzle to financial advisors, and for good reason. On the one hand, we have a 75-million strong generation that is better educated, more diverse and more active than its predecessors. On the other hand, much of the Millennial crowd is not all that appealing to a traditional financial advisor. According […]

Is Finance Logix The Right Financial Planning Software For You?

Posted by on Jul 17, 2016 in Financial Planning

Britain voting to leave the EU.  ISIS terrorists attack Orlando and France.  An attempted military coup in Turkey. Donald Trump.  There’s no shortage of news these days that can scare investors into a panic. Smart financial advisors know that the best way to keep their clients from panicking is to have them buy-in to a comprehensive financial plan. […]

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 […]

Grapevine6: A Social Media Secret Weapon for Advisors

Grapevine6: A Social Media Secret Weapon for Advisors

Posted by on Jul 4, 2016 in Software Review

Maintaining engagement with clients and prospects has always been a costly and time-consuming, yet critical task for financial advisors. Social media has provided a free communications channel, but it does not reduce the effort required to locate or create and distribute captivating content. It has been a perennial industry puzzle: how can advisors effectively leverage networks such as LinkedIn, Twitter and Facebook […]

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 […]

TD Ameritrade Rides the RoboAdvisor Wave with Latest iRebal

TD Ameritrade Rides the RoboAdvisor Wave with Latest iRebal

Posted by on Jun 13, 2016 in Portfolio Management, Software Review

While stand-alone robo-advisor assets have flatlined, deep pocketed players are still circling, hoping to land a bargain and jump start their digital strategy.  Firms are pitching themselves as technology plays rather than just online RIA’s that mostly eschew human advisors. TD Ameritrade is positioning their latest version of iRebal as the ‘Intel inside’ for online advisors.  The technology savvy custodian […]

3 Strategies for Digital Client Engagement With Vestorly

3 Strategies for Digital Client Engagement With Vestorly

Posted by on May 31, 2016 in Software Review

Once upon a time, creating client engagement online took a lot of time and effort. Advisors labored to create original content, or scoured the Internet for articles to share. Results were often stodgy, boring, and mediocre. Clients and prospects ignored the shared content, and no one lived happily ever after. Along came a wave of startups looking to […]

The Hidden Secrets of Portfolio Rebalancing by Michael Kitces

The Hidden Secrets of Portfolio Rebalancing by Michael Kitces

Rebalancing is a word that advisors know all too well.  With so much already written about portfolio rebalancing software and strategies, what is it about the subject that fills a conference room to capacity?  That is what I was wondering while sitting in the audience at the IMCA’s 2016 conference, waiting for Michael Kitces to take the stage and […]