TechTalk

TechTalkblog

InvestmentNews takes advisers through the developments and innovations in technology that’ll change the way you do business today—and tomorrow.

Apr 30, 2015

3 due diligence steps advisers should take to avoid costly technology mistakes

By Neal Quon

The pace of technology has changed so remarkably in the past decade that even early adopters struggle to stay on top of what's new. This largely, though not exclusively, has resulted from the widespread adoption of consumer technology in business since the launch of the iPhone and iPad starting in 2007.Our preferences of systems and software as business users are being influenced by the personal experience we get on these modern devices and apps. Why can't our professional systems offer us the same ease of use?In many cases, they can. We have seen dramatic changes in financial services technology solutions, like CRM, financial planning, portfolio analysis and more. However, not everything can evolve as quickly due to a much higher burden on developers in our industry to layer in security measures, compliant data storage and robust features for multiple users.(More tech insight: The biggest mistakes advisers make with their... Read full post

Apr 21, 2015

A 3-phase approach to making social media work for you

By Lincoln Ross

Though advisers are increasingly using social media, many continue to tell us that compliance concerns, resource constraints and a lack of familiarity are keeping them on the sidelines. That's understandable, but it's tough to overlook the torrent of industry studies demonstrating that investors, especially the highly affluent, are rapidly embracing social media for vital investment and market information.A 2013 study by Cogent Research found that 53% of affluent investors expect to receive relevant and timely content from social media platforms. Nearly half — 45% — said they would value real-time interaction and conversation with an adviser or other investors, just the kind of connection that social media supports so effectively. Smartphones have enabled our ability to access breaking news at a staggering rate, and investors will demand the same type of real-time contact with advisers. When it comes to addressing the... Read full post

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