Categories

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 […]

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 […]