Apple just rolled out way to many Xmas presents. Hanukkah has 8 days. Where do I start. #iPhone6S #appletv #iPadPro #AppleWatch $aapl
— Ross Gerber (@GerberKawasaki) September 9, 2015
Soon the iPad Pro will be 24 inches and attached to a keyboard and....wait a minute....
— Dan Mirkin (@TradeIdeas1) September 9, 2015
Seriously is this giant iPad Pro going to cannibalize some MacBook sales? $AAPL
— Chris Wang (@Chris_Wang888) September 9, 2015
Josh Nelson, a financial adviser at Keystone Financial Services in Loveland, Colo., said that one of the most annoying parts of the laptop is how long it takes to start up in the morning. The iPad Pro, though a bit larger than a device that he'd expect to carry around everywhere, like he does his phone, reportedly addresses that concern.
There are some issues that advisers might face with replacing their laptops with new tablets, one of which is its incompatibility with certain financial services applications. Advisers worry that, although it has the potential to help them with their workflow and enhance meetings with clients and prospects, they won't be able to use it to its fullest extent because the programs they use do not support the iPad's operating system.
"The business world is still a Windows-based environment," Mr. Nelson said.
While advisers wouldn't have a problem accessing cloud-based applications, like many of the client relationship management (CRM) systems and automated investment advice platforms, the IT departments of some financial services institutions do not support the iPad. Morningstar Office and LPL's enterprise technology are two examples of incompatibility with Apple devices that advisers provided.
Alexa Auerbach, spokeswoman for Morningstar, said that advisers can use the platform on an Apple product if they run Windows Parallels, which allows an Apple system to perform Microsoft applications.
There is a Morningstar for Advisors app that was designed for the iPad as a companion to Morningstar Office. The app presents client portfolio dashboards and reports digitally.
Although advisers said LPL's old platform, Branchnet, was not compatible with iPads, LPL spokesman Brett Weinberg said that in many cases, advisers can access their new system, ClientWorks, on an iPad.
"Even if advisers are [ready for the move], they have to check with firms to make sure it will be compatible," Mr. Nelson said.
Mike Byrnes, founder of Byrnes Consulting, said that in the future, more advisers will be able to hook up their tablets and laptops to a big screen in the office in order to engage clients and prospects. For now, the iPad and competing tablets are still an important piece of an adviser's practice, he said.
"Clients really want to know [the status of their portfolio] in real time," Mr. Byrnes said. "And it helps in a relationship industry to not be behind the times."
While industry statistics pointing to a succession crisis can cause alarm, advisor-owners should be free to consider a middle path between staying solo and catching the surging wave of M&A.
New joint research by T. Rowe Price, MIT, and Stanford University finds more diverse asset allocations among older participants.
With its asset pipeline bursting past $13 billion, Farther is looking to build more momentum with three new managing directors.
A Department of Labor proposal to scrap a regulatory provision under ERISA could create uncertainty for fiduciaries, the trade association argues.
"We continue to feel confident about our ability to capture 90%," LPL CEO Rich Steinmeier told analysts during the firm's 2nd quarter earnings call.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.