fintech

2023: The Year of Scale

2024-02-01T20:31:02-05:00

New beginnings, especially ones dictated by the passage of time – such as the start of a new year – often prompt both reflection and anticipation, as we look back upon the past and also consider what’s ahead. How will historians look back on 2023? Perhaps more importantly, how will we, as active participants in the wealth management industry, view the challenges, opportunities and outcomes of the past 12 months? Rising interest rates proved to be a double-edged sword for financial services as the increased cost of capital tamped down M&A activity and upended the regional banking sector but also put additional dollars at the disposal of broker-dealers via cash sweep programs. Artificial intelligence (AI) went mainstream in the space as professionals tasked with duties from marketing to compliance relied more and more on advancements in this revolutionary technology to create efficiencies and build scale. Scale … While Taylor Swift [...]

2023: The Year of Scale2024-02-01T20:31:02-05:00

Savvy RIAs Leverage Fintech to Enhance the Client Experience

2022-06-24T10:25:21-04:00

The most effective registered investment advisors (RIAs) have a knack for providing clients with timely advice that helps them bolster their financial health and protect essential assets. However, top-tier advisors can also take full advantage of emerging financial technologies, more commonly known as “fintech," to enhance the overall client experience. Fintech has forever changed the RIA industry and will continue to shape it in the coming years. If a registered investment advisor wants to be counted among the best in their field, then they must learn to leverage fintech. Benefits of Fintech for RIAs Here are the advantages of fintech: Improved Collaboration Fintech can improve every interaction between RIAs and their clients. Financial advisors can also use fintech to enhance the level of transparency with which they operate. Many fintech tools also have client-facing applications or interfaces that allow individuals to review their portfolio simply by opening a mobile app. These types [...]

Savvy RIAs Leverage Fintech to Enhance the Client Experience2022-06-24T10:25:21-04:00