Data carries great potential for financial advice — but also a threat.
New benchmarking data highlight independent advisory firms' intention to invest in their digital client experience.
As tech starts to track what clients actually do, report back and personalize their experience, planning processes and the client experience will advance.
Advisers will still need to get DFA's approval to access its mutual funds.
Many RIAs falter as they grow, caught off guard when the client-facing work they've always done seems to show diminishing returns.
'Credit Exchange' will enable advisers to offer pre-qualified loans to clients.
Having the technology isn't enough anymore
Technology that empowers advisers is a key component of a successful strategy, but it is not, in and of itself, a strategy.
Adviser tools must bridge knowledge gaps.
Financial planners need to up their game in what they provide clients.
As Mom and Pop abandon the big tech companies, many are buying cannabis companies.
These are the business concerns that advisers should be planning for now
Client information will feed directly into advisers' workstations, so they'll know when a client adds a new financial goal.
Some advisers are confident they can provide enough value to justify their fees.
Startups more likely than established firms to tackle diversity.
Once thought to be a threat to TAMPs, they haven't attracted much interest from advisers.
A $30-a-month charge for advice by one of the industry's giants could upend the advisory business.
Firm is switching to a subscription-based financial planning option for its robo-adviser service.
Product lets clients select their financial goals and create a plan for achieving them
What are the industry's biggest dysfunction and its biggest opportunity? What business model is most likely to succeed, and what operational trend is most important?
