As the year winds down and every email you send seems to trigger an automatic out of office reply, Financial Planning is already gearing up to help advisors grow in 2023.
One way to do that? Through technology. And wealth managers say they're more than willing to spend to get better. The latest Financial Planning Tech Survey finds that tech has become the top spending priority for firms, outpacing continuing education, hiring, compensation and client acquisition.
But getting it right isn't easy. An Advisor360° study released in early November revealed that a majority of advisors believe their lousy tech choices have cost them clients. With that in mind, I recently caught up with five industry insiders to discuss the categories of wealthtech that will make the biggest impact in 2023, and tips to avoid making mistakes.
Find out why data access and compliance are considered major areas of focus, and don't forget to ask for a demo before signing that deal.
Check out the full story and additional insight at Financial Planning.
Anything else on your mind? Drop me a line at [email protected]. Have a great rest of the week!
Regards,
Justin | | Justin Mack
Reporter, Financial Planning
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| By Justin L. Mack | As wealth managers prepare to make it rain on wealthtech, here are the kinds of solutions that can take your practice to the next level, and how to choose them successfully. Read story → |
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| | | By Victoria Zhuang 9 min read | Crypto isn't going away, and neither is client interest. But the conversations around it are changing. Here's what the industry took away from 2022 and what's around the corner. Read story → |
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| | | By Dan Shaw 5 min read | The eight defendants in the federal investigation stand accused of making more than $100 million from manipulating stocks on social media. Read story → |
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| | | By Victoria Zhuang 4 min read | The largest U.S. bank's new digital money coach, embedded in its Chase app, has a referral feature designed to capture more business for wealth managers and contribute to attracting talent. Read story → |
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| Awarded Best Bill Pay 2021 by Family Wealth Report, BILL is a leader in financial back-office automation, designed with your clients' privacy and security in mind. Learn more → |
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| | | By Justin L. Mack | Check out this collection of can't miss conversations with industry insiders and experts. 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 | | Thursday, January 26, 2023 3:00 PM EST | For business owners, a maze of financial and emotional challenges can stand between their practice and the future. Bluespring president David Canter shows us how to get there. Learn More → | | | WEB SEMINAR | | Monday, December 5, 2022 12:00 PM EST | Nikkee Rhody, chief of strategy at Central Payments, and Shannon Huether, vice president of project management and implementations, explain how the company tailored every aspect of its hiring practice to make sure it reaches the talented women that other fintechs overlook. Learn More → | | | WEB SEMINAR | | Thursday, December 15, 2022 1:00 PM EST | Many believe the Federal Reserve will slow down rate increases beginning in December.. Steve Friedman, senior macroeconomist at MacKay Shields, will join us the day after the meeting to discuss what was done and what he expects in the future. Learn More → | | | WEB SEMINAR | | Wednesday, February 2, 2022 1:00 PM EST | Learn how to reduce fraud and mitigate risk, while improving overall outcomes of revenue acceleration. Learn More → | SPONSOR CONTENT FROM ABBYY | More resources → |
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