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The Game of Thrones Struggle Between Banks & Wealth Managers

The Game of Thrones Struggle Between Banks & Wealth Managers

Posted by on Mar 4, 2018 in Banking, Technology

2017 was a series of ups and downs for banks. The recently passed tax bill lowered their rates which will boost their bottom line and any interest rate hikes will goose their lending revenue. But new competitors lurk around every corner as technology giants such as Amazon, Facebook and Apple are launching consumer-facing financial products that chip […]

Is CleverDome the Holy Grail of Cybersecurity?

Posted by on Jan 7, 2018 in Conference Summaries, Technology

“If you think technology [alone] can solve your security problems, then you don’t understand the problems and you don’t understand the technology.” – Bruce Schneier, Cryptographer and computer security expert Companies around the world are under constant attack by an increasingly business-savvy brand of cyber-criminal. Using ever more sophisticated techniques, they have successfully stolen hundreds of millions […]

9 Questions on Artificial Intelligence for Wealth Management

9 Questions on Artificial Intelligence for Wealth Management

Posted by on Aug 28, 2017 in Conference Summaries, Technology

“I believe that by the end of the century, the use of words will have been altered so much that one will be able to speak of machines thinking without expecting to be contradicted.” ― Alan Turing, English mathematician, computer scientist and cryptologist, from Computing Machinery and Intelligence The foundation of AI started back in 1950 […]

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 […]

Can Big Data Make Risk Tolerance Questionnaires Obsolete?

Can Big Data Make Risk Tolerance Questionnaires Obsolete?

Posted by on May 14, 2017 in Risk Management, Technology

This week, we remember a seminal event in the history of artificial intelligence. It was the twentieth anniversary of world chess champion Gary Kasparov’s loss to IBM’s Deep Blue supercomputer. I was fortunate to be in attendance when Kasparov gave a keynote speech at the 2017 Envestnet Advisor Summit, where he spoke about his latest book, Deep Thinking. […]

Oranj Leapfrogs Robo-Platforms With TradeWarrior Acquisition

Oranj Leapfrogs Robo-Platforms With TradeWarrior Acquisition

Posted by on Apr 24, 2017 in Industry Analysis, Technology

It is a great time to be an independent RIA.  At least when it comes to technology.  There seems to be an endless supply of tools for automating, optimizing and generally improving the efficiency of an advisory firm’s operations. This is especially true in what we like to call the robo-platform or digital advice space.  Innovative companies […]

3 Israeli Startups That Are Disrupting Banking & Payments

3 Israeli Startups That Are Disrupting Banking & Payments

Posted by on Mar 28, 2017 in Conference Summaries, Technology

If there was one location on Earth that should be referred to as the ‘Startup Capital of the World’ it would be Israel. Sure, when it comes to raw numbers, Silicon Valley is king. But on a per capita basis, Israel, with only 8 million people, boasts more startups, more venture capital, more scientists and […]

Riskalyze Expands Beyond Profiling to Become a TAMP Supermarket

Riskalyze Expands Beyond Profiling to Become a TAMP Supermarket

Posted by on Feb 21, 2017 in Risk Management, Technology

The waiting is over.  And we didn’t have to wait all that long.  We finally know what Riskalyze CEO Aaron Klein did with the $20 million in Series A funding the firm raised last October. They built their own Turnkey Asset Management Platform (TAMP). The reveal occurred at last week’s T3 Advisor Conference in Los Angeles, CA.  Klein kicked […]

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 […]

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. […]

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