The world's most valuable bank plans to start a robo-advisory service in 2017, Chief Operating Officer Tim Sloan said.
Custodians are becoming more attracted to the business of automated advice, and are using vast resources to introduce their own consumer platforms.
Most 'elite' advisers are looking to grow through personalized service to ultra-wealthy and institutional clients.
Study these three lessons and apply them to your business.
Firms embracing automated advice are positioning themselves to capture new client segments. By 2018, nearly one-third of registered investment advisers will have a robo-offering.
Robos can enlarge the advisory business as a whole, expanding the pools of both providers and users of advice.
Advisers should test their emergency plans periodically to make sure they are in compliance with Securities and Exchange Commission rules.
With the app, advisers can view their clients by segments, including age, gender and wealth accumulation.
Firms that use the tool will have a way to gauge if clients are invested to their best interests.
Forget desktops. The future is about mobile and phones.
Your client's cell phone could be the biggest boost to your business.
Now you no longer have to worry about dropping your phone or running out of power.
Adding significant growth can put a strain on a firm's infrastructure without proper preparedness.
Lawsuit claims Joel Bruckenstein never paid Bill Winterberg half of the profits from a 2015 event.
Risk management software is getting a lot of attention following the new requirements introduced by the DOL fiduciary rule.
The firm is building out digital ecosystem of its own with partnerships with Jemstep, SigFig and Vanare.
Cybersecurity is a major concern for vendors, firms and advisers.
Facing a crisis without a plan can be detrimental to an adviser's brand; advisers need more than one back-up plan to avoid potential disasters.
Many community banks don't offer wealth-management or financial-advisory services.
