On Technology

Deputy Managing Editor Sean Allocca breaks down the latest fintech products, trends and opines on the biggest stories hitting the adviser technology world.

Displaying 43 results

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How online trading apps are changing the market

The 6 million people who downloaded trading apps in January alone represent a new breed of retail investor that is younger, earns a lower income and is more racially diverse than any investment cohort the industry has seen.

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Bitcoin mining is an ‘existential threat’ to crypto

The process of mining cryptocurrency sops up more energy than entire nations. Lawmakers like Elizabeth Warren, and billionaires like Bill Gates, have recently called attention to the environmental impacts.

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Schwab’s $200 million charge points toward conflicts with cash spreads

Cash spreads are certainly nothing new, but with almost $64 billion in assets, Charles Schwab & Co. is likely the largest robo-adviser to hold significant chunks of client assets in cash.

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Teenagers are trading stocks on their own. Should they?

Fidelity launched a new brokerage account in May for 13- to 17-year-olds, but the larger focus should be on education, not access to the markets.

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Should the Fed be buying into the digital currency craze?

Discussions on Capitol Hill go a long way to normalize and legitimize digital assets and a technology that could pave the way for sweeping change in the financial services industry.

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The war for risk analysis gets ugly

Market leader Riskalyze lashed out at competitors over differences in methodologies, but the allegations opened up interesting questions about the technologies under the hood at risk analysis providers.

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Why the public is still leery of online brokerages

Lawsuits have popped up alleging wide-reaching conspiracies and gamification strategies at some of the most well-known firms. Online brokerages are increasingly responsible for rebuilding public trust.

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Walmart isn’t after your book of business

The world's largest retailer announced plans to launch a digital advice platform for its 220 million weekly clients. It will likely target lower-income Americans with simple but necessary financial products.

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Why Michael Bolton is crooning over online brokerages

The advertisement is just the latest ploy in an industry war over the throngs of retail investors flocking to digital wealth platforms. The new account openings will certainly have repercussions.

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Wall Street needs to come clean on diversity data

Opening up the books will put pressure on companies to hire more women and also allow the industry to acknowledge the firms that succeed. There’s no reason for companies to keep investors in the dark about diversity.

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How Black-owned fintechs are closing the racial wealth gap

Minority-owned firms have a more challenging road to land funding, without which firms are unable to reach the next level of growth or attract the intellectual capital needed to take on competitors.

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The GameStop lawsuits are missing the point

A host of discount brokerages, including Robinhood, Charles Schwab and ETrade, are now facing accusations of market manipulation. The challenges are expected to face tall legal hurdles.

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Give investors what they want — a Bitcoin ETF

Ever since Bitcoin rallied to all-time highs this month, the big question advisers are asking themselves is when will it be suitable to use the cryptocurrency in client portfolios.

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Why a new Betterment chief could usher in an IPO

Founder Jon Stein wasn’t able to achieve his ultimate goal of an initial public offering, but he transformed the little-known New York-based fintech into a digital behemoth

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Are financial planning apps the next fintech target?

Advisers have the advantage when it comes to creating plans, but several digital apps launched by major financial institutions are thriving

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Are free trades next for digital advice?

Prominent digital providers have added zero-commission brokerage features in recent months — and billions in new assets

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Wells Fargo’s Envestnet data-sharing deal raises murky questions

The agreement opens up access to important tools for consumers, but the FTC is asking for more information about such practices

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The digital shift is here — and it’s uncomfortable

Wholesale tech adoption comes with pitfalls

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Advisers, please stop calling everything AI

The hype sometimes overshadows the actual returns on investment the technology is creating for financial advisers

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Regulators should take a harder look at Robinhood

After the tragic death of a customer, the investment platform made significant changes. More may need to be done