Financial Advisory Firms Run Like A Robo-Advisor

 Robo-Advisor

The Robo-Advisor Value Proposition – Systematizing And Automation
Morningstar’s “gamma” research. Which means in the end, robo-advisors may be less of a threat to traditional advisors, than simply an acknowledgement that inefficient advisors that don’t systematize and utilize technology will be increasingly threatened by those who do – whether robot, or technology-augmented human.

Underlying the robo-advisor model, though, are insights that are relevant to any

MEET THE BIONIC ADVISOR… Embracing technology does not mean replacing human advisors.

embrace

Instead of viewing robo-advisor platforms as the competition, advisors should focus on the opportunities they present. First, adding the new technology to your service menu can help you more fully articulate your value proposition to clients and prospects. Second, these platforms can add efficiency to your practice, increasing your profitability and, possibly even more importantly, helping you economically serve clients who may have limited assets

Fidelity Investments Acquires eMoney PFM Dashboard, Financial Planning Software Thrown In?

But the real news of the eMoney acquisition is that from the strategic perspective, it’s not clear if Fidelity was really aiming to acquire financial planning software, or if instead what they really wanted was eMoney’s best-in-breed Personal Financial Management (PFM) tool
In fact, what the eMoney acquisition may ultimately highlight is how woefully far behind other financial planning software tools have lagged in their

4 Technologies That Will Revolutionize Financial Services

The financial system will need to be a platform that federates existing players (such as banks) and new players (such as telecommunication companies… )
1) bitcoin-inspired distributed systems
2) open APIs (application programming interface) as a new way to consumer business services on the internet
3) crowd-sourced identity schemes
4) open source hardware and applications

How can the traditional industry players prepare for such changes?

Best in Class Recognition on Trade Ideas LLC for its Innovative Research Software

 TradeIdeas
Much like IBM’s Watson, our computers are constantly learning which market relationships have predictive outcomes.

Trade Ideas LLC caters to investors, traders, and market professionals in over 65 countries. Our technology watches the US and Canadian equity markets and feeds of unstructured data – including social media – to uncover more profitable opportunities than any human ever could with the same data.

Where Investing Meets Social Media

Quickly identify trends. Generate innovative trade ideas. And turn the brands you like into a portfolio you’ll love with LikeFolio.

LikeFolio takes the investable companies social media users are talking about, and shows these mentions on a stock chart — making the connection from Twitter to Wall Street.

We analyze all of English-speaking Twitter (~250,000,000