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Wealth management

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29 Dec
2016

Posted by
Chris Monaco

Financial Services in 2016: Blockchain, Fintech, Fiduciary, Oh My

To say 2016 was quite the year for financial services, both positively and negatively, would be an understatement. Advancements in blockchain led to broad-based industry conversations and a few early adoptions of the developing technology. Banks continued to defend against a number of Porter’s Forces, including stubbornly low interest rates and emboldened fintech challengers. And…

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6 Dec
2016

Posted by
Chris Monaco

The Artificially Intelligent Wealth Advisor

Last week William Trout, Senior Analyst at Celent, presented a webinar on the evolution of artificial intelligence (AI) in wealth management and whether or not its full maturation, predated by that of robo platforms, will spell doom for human advisors or in fact strengthen the delivery and scalability of service, thereby enhancing the overall client…

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17 Nov
2016

Posted by
Chris Monaco

It’s Time to Comply with the DOL Fiduciary Rule

This past Monday Celent’s Senior Analyst of Securities and Investments William Trout partnered with Seismic’s GM and VP of Financial Services Craig Dunham for a webinar on the DOL fiduciary rule, how firms are scrambling to meet the regulation’s requirements by April 2017, and the extent to which technology can help them efficiently validate, document,…

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9 Nov
2016

Posted by
Chris Monaco

United We Stand, as Will Likely the DOL Fiduciary Rule

While the presidential election has concluded, the DOL fiduciary rule’s future has just begun. With a Trump presidency the regulation could be in doubt, but will more than likely endure, and maybe someday even expand in scope, according to William Trout, Senior Analyst at Celent. Therefore firms that take steps to mitigate the adverse impact…

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3 Nov
2016

Posted by
Chris Monaco

Managing Expectations in an Indefinite Financial Services World, Part 2

Last week Seismic looked at the disparity between what consumers expect from a product or service, the realities of what each can deliver and how the wealth management space isn’t immune from such differences in perspective. Clients and advisors are approaching investing with contrasting strategies and goals, but just how disruptive has this been to…

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27 Oct
2016

Posted by
Chris Monaco

Managing Expectations in an Indefinite Financial Services World

Managing expectations against reality can consume a person, as Marc Webb so poignantly juxtaposed in the adored romantic comedy 500 Days of Summer. Cinematic digression aside, such a balancing act is not only an undeniable component of life, but also a major factor in the hyper-dynamic, multi-faceted world of selling goods and services. Quite often…

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13 Oct
2016

Posted by
Chris Monaco

4 Keys from the Financial Communications Society’s Millennial Luncheon

Last Wednesday the Financial Communications Society (FCS) held a Boston luncheon on marketing financial services to Millennials. The featured panelists were Chief Strategy Officer at Hill Holiday Lesley Bielby, Marketing Director at Society of Grownups Rhett Brackeen, Director of Behavioral Finance and Investing at Betterment Daniel Egan and Senior Vice President of Practice Management and…

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21 Sep
2016

Posted by
Chris Monaco

An Excerpt from Clear Path Analysis’ 2016 Fund Technology & Data Report

Clear Path Analysis just released their “2016 North America Fund Technology & Data Report”, and Seismic, along with major industry firms like Peak Capital, Northern Trust, and AB, contributed a variety of content on the state of technology, regulation, and innovation within the areas of asset and wealth management. Seismic’s VP of Financial Services Craig…

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13 Sep
2016

Posted by
Chris Monaco

An Analyst’s Perspective on the Future of Robo-Advisors

With robo-advisors receiving so much press as of late, it makes sense to listen to what one authoritative, unbiased voice is saying on the technology and its future. Last week William Trout, senior analyst at Celent, presented a webinar entitled “Robo Advice 3.0: What Is It, and Where Do We Go from Here?” on the…

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30 Aug
2016

Posted by
Chris Monaco

Where Are They Now? The DOL Fiduciary Rule’s Stakeholders

As we approach the six-month mark of the Department of Labor’s final ruling on fiduciary care within wealth management, it’s worth looking at where, legally speaking, the piece stands, how affected parties are responding, and which specific points offer the most complexity in terms of compliance. Legal Challenges The first hearing against the DOL ruling…

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