Blog Category Archive

Wealth management

VIEW ALL BLOG POSTS

23 Feb
2017

Posted by
Chris Monaco

3 Highlights from the T3 Technology Conference

Dozens of vendors and hundreds of attendees gathered for the T3 Advisor Conference in Garden Grove, California, last week. Their mission: to share and gain knowledge on the technologies available to wealth management firms today and what the future could bring, in terms of increased competition and costs, for those who don’t proactively embrace innovation…

CONTINUE

2 Feb
2017

Posted by
Chris Monaco

5 Highlights from the DCIO Leadership Summit

Last week fifty-plus managers and executives convened in Boston for the Defined Contribution Investment Only (DCIO) Leadership Summit. The attendees discussed topics like robo platforms, the DOL Fiduciary Rule, passive products and everything in between. Each session provided a thorough analysis of its respective topic, and panelists were quite engaging and open to dialogue with…

CONTINUE

19 Jan
2017

Posted by
Chris Monaco

Socially Responsible Millennial Investors

As if wealth management firms didn’t already have enough to contend with in terms of challengers, consolidation and compliance, they are also adjusting to the characteristics of the client marketplace itself, as the future of organic growth is hinged to the financial rise of Millennials—quite possibly the greatest generation of investors yet. However, attracting an…

CONTINUE

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…

CONTINUE

6 Dec
2016

Posted by
Chris Monaco

The Artificially Intelligent Wealth Advisor

Recently, 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 experience. Indeed…

CONTINUE

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,…

CONTINUE

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…

CONTINUE

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…

CONTINUE

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…

CONTINUE

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…

CONTINUE