The wealthtech word of the week is experience.
For industry veterans Tom Rieman and Preston Cherry, experience is the driving force behind their newly announced startup Practice Intel. A growth platform crafted to help advisors and clients get on the same page, the ultimate goal is to give everyone who takes a part in the planning process the "ideal advice experience."
But it starts by knowing what you don't know, regardless of how ugly the truth may be.
Practice Intel's interpretation of that truth is called the "Relationship Quality Index," or RQI. It's basically a system that looks at multiple metrics to grade how advisors are delivering advice.
High scores mean you're crushing it, and low scores mean you may be at risk of getting crushed. But both outcomes offer opportunities to know exactly what your clients think of the work you're doing.
"This provides that ability to go to their clients, get the feedback they need and have that irrefutable moment of truth — to say I'm doing a pretty good job, but maybe I'm not hitting the nail on the head every time." Rieman said.
Also new this week, check out the experiences that have shaped the career of Advyzon CEO Hailin Li. Typically one to shy away from the spotlight, the soft-spoken wealthtech leader's accomplishments and passions move center stage in a new profile from Financial Planning.
Anything else on your mind? Drop me a line at [email protected]. Have a great weekend, everyone!
Regards,
Justin |  | Justin Mack
Reporter, Financial Planning
  |
| | |
|
|
| By Justin L. Mack 9 min read | A decade after taking a chance to bring his wealthtech vision to life, the soft-spoken leader who values the work as much as the reward still wants to get his hands dirty. Read story → |
|
|
| |
| |
| | | By Justin L. Mack 5 min read | The Practice Intel growth platform made its debut this week with some well-known names at the helm and a mission to quantify crucial parts of the advisor-client relationship. Read story → |
|
|
| | | By Justin L. Mack 4 min read | New research released during the annual eMoney Summit says understanding, technology and trust are the keys to a more engaged client base. Read story → |
|
|
| | | By Justin L. Mack | From AI to video, advisor marketing is evolving. On this week's FP Podcast, the leader of the award winning marketing technology firm explains how financial planners can keep pace. Read story → |
|
|
| |
| In the US, the Association for Finance Professionals Compensation Survey reports a 4.4% annual base pay increase, for all professional tiers, the largest gain in the past 10 years. Read more → |
|
|
| | | By Eli Gill 3 min read | Understanding the mechanics of how generative artificial intelligence is trained can help advisors participate in the process. Read story → |
|
|
| |
| |
| | RESOURCES | | | WEB SEMINAR | | Tuesday, November 7, 2023 2:00 PM EST | Join our upcoming webinar to explore the trends and challenges in ESG investing, discover best practices, and harness digital resources for an enhanced investing experience. Stay ahead in the evolving landscape of ESG investments. Learn More → | SPONSOR CONTENT FROM FINCENTRIC™ BY S&P GLOBAL | | | WEB SEMINAR | | Thursday, November 16, 2023 2:00 PM EST | How can you build authentic connections and trust in an emerging chatbot, AI – driven world? If your value as a financial advisor still centers on portfolio management, your business model is at risk. It's like selling maps in the age of GPS. And in the case of investment management, AI could replace you. Learn More → | SPONSOR CONTENT FROM TradePMR | | | REPORT | | | Download our new research report to learn how private markets attract ESG capital from pension plans as long as asset managers deliver on their clients' ESG goals. Learn More → | SPONSOR CONTENT FROM Apex | | | REPORT | | | Explain the role of intelligent automation (IA) in transforming wealth and asset management Learn More → | SPONSOR CONTENT FROM SS&C Technologies | More resources → |
|
|
