The current fintech environment is bursting at the seams with options for wealth managers. But when the smoke clears and the vendors scatter, what tools actually find forever homes in advisors' stacks?
A new study from ISS Market Intelligence set out the answer to that question by asking more than 800 U.S.-based advisors what's hot, and what's not. More than 95% of respondents said they used technology to handle trading and clearing, portfolio rebalancing and/or investment analytics.
The analysis also provided insight on the difference in enthusiasm toward direct indexing between wirehouse advisors and the RIA channel; and it found that ease of use is a bigger factor than company reputation or longevity when picking fintech solutions.
Also new this week: advice on how advisors can level up their social media game; details on the perks Schwab is rolling out to its wealthiest clients; and why SMArtX is so excited to give away some of its newest tech for free.
Check out all of these stories and more, only at Financial Planning.
Anything else on your mind? Drop me a line at [email protected]. Have a great weekend!
Regards,
Justin | | Justin Mack
Reporter, Financial Planning
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| By Justin L. Mack | Plus, two wealthtech startups celebrate successful funding rounds. Read story → |
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| | | By Justin L. Mack | As Twitter continues to undergo unexpected and at times unpopular changes, a new challenger from a social media OG is gunning for the bird app's throne. Read story → |
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| | | By Justin L. Mack 7 min read | Called SMArtY, the firm's free offering is slated to go live this fall with spots on a waitlist available now. Read story → |
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| | | By Victoria Zhuang 4 min read | Under 10% of surveyed wealth management professionals in a recent Arizent survey said their firms were 'very successful' at using the online networks to win clients. Read story → |
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| There has been a huge and sustained interest in generative AI recently, so much so that Google registered a search interest of 100––its highest ranking––for the search term "generative AI" in the week of February 12th, 2023. Learn more → |
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| | | By Matthew Monks 1 min read | Engine Capital, an activist hedge fund in the stock, called on Avantax to explore a sale last month, saying it could fetch as much as $32 per share amid rapid consolidation in asset management. Read story → |
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| | RESOURCES | | | WEB SEMINAR | | Thursday, July 20, 2023 2:00 PM EDT | The webinar will focus on the benefits of partnering a wealth management firm with a CPA firm, both from a client service perspective and a firm financial perspective. Learn More → | SPONSOR CONTENT FROM REPUBLIC CAPITAL | | | WHITEPAPER | | | Download our white paper to explore the benefits and opportunities of hiring from the next generation. Download Now → | SPONSOR CONTENT FROM Commonwealth | | | REPORT | | | Use this complimentary checklist to help guide your women clients to more knowledge, power, and confidence about their financial outlook. Learn More → | SPONSOR CONTENT FROM Commonwealth | | | REPORT | | | Download our checklist to compare your current technology against must-have solutions in the industry. Learn More → | SPONSOR CONTENT FROM Commonwealth | More resources → |
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