Manage Your Practice
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New Fintech Company Wants To Automate Angel Investing
From WealthManagement.com
Added on April 2019 in Manage Your Practice
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Summary: Advisors looking for ways to connect their investor clients with startup funding, including angel investing have a new option. Investors and advisors interested in creating a special-purpose vehicle now have an automated SPV formation and management product available to them, according to the Miami Herald. Founded by Herwig Konings and Mario Pazos, Digital SPV won a South Florida fintech competition and has received $1 million in commitments, with plans to add more than 500 users by the end of the year.
Harnessing the Power of Customer Relationship Management Tools
From WealthManagement.com
Added on April 2019 in Manage Your Practice
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Summary: The financial advisory industry is evolving, with client demands shifting and substantial demographic changes underway. Today’s investors expect financial advisors to incorporate digital technologies into their client experience and business practices: according to a study by Ernst & Young, 53% of investors report digital channels and self-service capabilities are the primary factors influencing their advising experience. In conjunction with this trend, client demographics are shifting significantly, with 10,000 baby boomers reaching retirement age each day—spurring increasing demand for advisors.
Are you big enough for the custodians?
From Financial Planning
Added on April 2019 in Manage Your Practice
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Summary: Independent advisors rely on custodians for technology, products and support. But RIAs with low AUM don’t always have access to them. Where should these firms turn? Seek out smaller custodians. Check out TAMPs. Or plead your case to the big guys, industry insiders say.
TD Ameritrade sells retirement plan custody business to fintech firm
From Financial Planning
Added on April 2019 in Manage Your Practice
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Summary: In a bid to focus on its core goal of helping affiliated RIAs grow, TD Ameritrade is offloading its retirement plan custody and trust assets to a fast-growing fintech firm.
Financial advisers at risk if they don't consistently innovate
From InvestmentNews
Added on April 2019 in Manage Your Practice
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Summary: Financial advisers are innovating their practices too slowly and that could have negative implications for their growth prospects, especially in the face of major disruptions like Charles Schwab Corp.'s new subscription pricing, according to industry experts.
