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Innovate or else: Advisers must leave the comfort zone before it's too late

Added on May 2019 in Thought Leadership
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Summary: A lack of innovation is threatening the growth that the financial advice industry has become accustomed to in recent decades, according to some top advisers.

Raising the bar on happiness at work

Added on May 2019 in Thought Leadership
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Summary: Recently, a brief article in the New York Times caught my eye: "A Deceptively Simple Way to Find More Happiness at Work" by Tim Herrera. We all want to be happier at work, right? Alas, there is a reason it is called work. We make a deal to be paid in exchange for using our time and energy doing tasks and fulfilling responsibilities. But that arrangement may lose its appeal over time, especially for those who don't get the opportunity to do work that is meaningful to them.

Are Firms Doing Enough to Retain Advisor Talent?

Added on May 2019 in Thought Leadership
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Summary: “In this increasingly competitive talent market, it’s important that advisors have a strong sense of community and purpose at their firms, as well as clearly defined growth paths and meaningful roles that allow them to deliver real value to their clients,” said Charlie Phelan, vice president of practice management and consulting for Fidelity Clearing & Custody Solutions, in a statement.

Fintechs find new focus helping clients with cash management

Added on April 2019 in Thought Leadership
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Summary: Since Wealthfront launched Federal Deposit Insurance Corp.-insured high-yield savings accounts in February, the digital adviser said clients have deposited more than $1 billion, generating $2.5 million in interest. With that success, Wealthfront is increasing interest rates on the cash accounts to 2.29%.

FINRA Launches New Fintech Office

Added on April 2019 in Thought Leadership
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Summary: The Financial Industry Regulatory Authority said Wednesday that it has formed an Office of Financial Innovation to be headed by Haimera Workie.The new office “will serve as a central point of coordination for issues related to significant financial innovations by FINRA member firms, particularly new uses of financial technology, or fintech,” FINRA states.

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