I spent most of my week in Denver for the 2021 XYPN Live conference, my first in-person industry conference since the COVID-19 pandemic started and I joined Financial Planning. It was great to meet some of the youngest advisors in the industry and hear their passion for creating a better financial services industry. Shout out to the one advisor who told me he wants to “burn the entire industry down.”
It was also great to check out some of the newest wealthtech companies on the scene, hoping to establish a foothold with smaller RIAs as some of the more established vendors focus resources on enterprise deals. FP Alpha launched an interesting new prospecting tool that puts financial planning front and center (hoping to cover this more in depth next week), and Pulse360 caught XYPN co-founder Michael Kitces’ attention for their work solving one of advisors’ ongoing pain points: meeting prep.
Financial Planning’s own technology conference, Invest Connect, is going down virtually next week. There is still time to sign up, and all WealthTech Weekly subscribers can get free access by clicking here.
| | Ryan Neal
Technology Editor, Financial Planning
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| By Ryan W. Neal 3 min read | Rather than look for an exit, the network of fee-only planners needs additional funding for new services, new technology. Read story → |
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| | | By Tobias Salinger 4 min read | Higher expenses trimmed the firm’s earnings, but its CEO described $49 billion in assets as only “a drop in the bucket” compared to future adoption among advisors. Read story → |
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| | | By Tobias Salinger 3 min read | The firm added hundreds more advisors and boosted the number of practices with at least $5 million on its platforms. Read story → |
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| | | By Ryan W. Neal 3 min read | The startup has emerged as a significant competitor to Envestnet’s dominance. Read story → |
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| Easily integrate with 200+ Fintechs with Integration Xchange. With flexibility at the core, our technology can be customized to meet your needs. Find out more → |
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| | | By Annie Massa 2 min read | An intruder made off with email addresses of about 5 million users, as well as full names for a separate group of about 2 million. Read story → |
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| | Follow Financial Planning in real time. More ways to get the most trusted industry news and analysis. |
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| | | | | | | | | | | | | | | RESOURCES | | | WEB SEMINAR | | Tuesday, November 16, 2021 2:00 PM EST | The RIA landscape is evolving quickly; with technology pushing the boundaries. Hear industry experts discuss the key trends influencing what an RIA effective tech stack is and the buying factors to consider beyond the initial financial software investment. Learn More → | SPONSOR CONTENT FROM ADDEPAR | | | WEB SEMINAR | | Thursday, December 2, 2021 12:00 PM EST | In 2022, is AI-enabled software poised to become a bigger tool for wealth management firms? This session will delve into behavioral and technological shifts taking hold of wealthtech, from financial advisors moving away from brokerages in favor of RIAs to the industry’s push for representative diversity. Based on newly released research by Arizent, panelists will also talk about cryptocurrency’s role in wealth management -- the proportion of clients who either own or want to own crypto holdings and how often firms manage crypto for clients within their portfolios. Learn More → | | | REPORT | | | For advisor Brad Goodwin of San Luis Wealth Advisors, COVID brought on a lightbulb moment. Learn More → | SPONSOR CONTENT FROM Schwab Advisor Services | | | WEB SEMINAR | | Wednesday, November 17, 2021 12:30 PM EST | The home buying process has undergone significant changes. The pandemic has profoundly altered the mortgage lending market. The continuation of remote work, relocation out of key urban areas, a growing preference for online possibilities, and the deployment of artificial intelligence applications are only a few trends that are shaping the industry. Join Heidi Patalano, Editor-in-Chief of National Mortgage News and Beth O’Brien, Founder and CEO of CoreVest Finance as they discuss how lenders can stay competitive and meet the needs of home buyers in the fast evolving mortgage business. Learn More → | More resources → |
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