Jamie Cox, the managing principle at Harris Financial Group, which has $750 million in assets under management, has used Salesforce for 11 years, and has been waiting for the chance to use Watson's capabilities. For example, Mr. Cox thinks Watson could track a client's social media, spending accounts and any other data feeds plugged into Salesforce to get a more complete picture of the client and how to best serve them. "Advisers can have good relationships, but the relationships have limits just based on time and circumstance; whereas Watson can follow them 24 hours a day and learn who they are, their personalities," Mr. Cox said. "Above all, [financial planning is] a personality business, and personality matters a lot if you want to have high engagement." Watson could be continually working in the background to predict which clients are worrying about the markets, which clients' risk tolerances have changed and which clients need an adjustment to their financial plan because of a life event, for example. Mr. Cox believes the insights Watson generates also could help determine which prospects are most worth the adviser's time and resources, and how to best pursue them. These features aren't available yet, but launching a Watson SDK could drastically shorten the timeline for development. When it arrives, Mr. Cox said a Watson-powered Salesforce CRM could help an adviser be more proactive, provide better service to a greater number of clients, and keep up with escalating demands from customers used to working with digital retailers like Amazon. Salesforce first introduced AI functionality to its financial services product in March with Einstein, which tracks advisers' communication with clients to surface new business opportunities. Mr. Cox has used Einstein, but thinks Watson offers more powerful capabilities. "People are automatically uncomfortable talking about their money," Mr. Cox said. "As cognitive functions of computing make it easier to understand what makes people tick, we can make those conversations about money easier." The partnership with Watson doesn't mean Salesforce is abandoning Einstein. The company launched a new tool at Dreamforce called myEinstein, which lets users create AI-powered apps and chat bots without needing any coding knowledge. Salesforce also announced a new partnership with Google that will provide the CRM with access to Google Analytics and Google's own AI technology.I've been waiting for this..
— Jamie Cox (@jamesacoxiii) November 7, 2017
Meanwhile, Raymond James and Tritonpoint Partners separately welcomed father-son teams, including a breakaway from UBS in Missouri.
Paul Atkins has asked staff to solicit public comment on novel ETFs, pausing the clock on as many as 24 filings linked to the booming event contracts market.
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Big-name defections from Morgan Stanley, UBS, and Merrill Lynch headline a busy two weeks of recruiting for the wirehouse.
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