7 Model Hubs Battle for SMA Managers & Sponsors
The era of the model hub as a standalone product has arrived. With the launch of model hubs like InvestEdge’s MMxCHANGE, Vestmark’s Manager Marketplace and the soon-to-be released Money Management Institute’s (MMI) Model Hub (the Hub of Hubs), model hubs have moved from internal-only tools that took a back seat to portfolio management and trading and have become […]
How RIA’s Can Survive the Wild West of Roboadvisor Technology – Kitces
In the 1966 spaghetti Western, The Good, The Bad and The Ugly, Clint Eastwood plays one of three gunslingers competing to find fortune in a buried cache of Confederate gold amid the violent chaos of the American Civil War. Each of the three have only partial information about the gold’s location, so they have to work together if […]
5 Reasons Why Banks Should Start Their Own RIAs
Twenty years ago, the majority of new accounts opened by banks were trust accounts, while only a small minority were advisory accounts. That has since flipped 180 degrees. Now, the majority of accounts are advisory, with only a small percentage being trust accounts. Yet, many bank wealth management groups still put all of their accounts onto […]
10 Great Ideas from IMCA 2016 Conference
The IMCA 2016 Conference claims to be the largest association gatherings of investment advisors and wealth managers in the industry. This year’s event included engaging speakers such as Michael Kitces, April Rudin and Frank Coates. Some of the session topics included optimal rebalancing strategies, understanding Millennials and improving client relationships. Here are 10 great ideas to take […]
Dead Robo Walking: Why Wealthfront is Doomed
As recently as last summer, Adam Nash, CEO of roboadvisor Wealthfront, was boasting about his firm’s rapid growth and how they could soon replace ‘traditional’ financial advisors. How fast the world changes in just a few months. In an article in InvestmentNews, Alessandra Malito reported that Wealthfront’s AUM growth slowed to a crawl by the end of last year: Wealthfront, which […]
MMI Fall 2015: Conference Summary – Day 1
It is already a month into Fall, but you would never know it from the weather in midtown Manhattan today. It was 75 degrees and sunny. Unfortunately, I wasn’t able to go outside and work on my tan since I was busy attending the Money Management Institute’s 2015 Fall Solutions Conference at the Grand Hyatt Hotel. The […]
MMI 2015 Annual Convention Quick Twitter Recap
The theme for the Money Management Institute’s 2015 Annual Convention in Charlotte, NC was “Leadership Challenges in a Period of Fast-Paced Industry Transition”. This was well-timed considering the whirlwind of changes that have occurred over the past year. The attendees were a good mix of asset managers, sponsors and vendors that led to some lively […]
What Robo Advisors Can Teach Us About Focusing on the Client
This is a summary of a TechOps Track Session titled, “Empowering Advisors: Delivering Tools that Support Today’s Client Needs” from the Money Management Institute’s 2014 Fall Solutions Conference. The discussion topic was supposed to be centered on how firms are delivering new advisor tools to help them customize solutions for different client segments. However, the […]
