by George Polzer | Aug 8, 2015 | Digital Transformation, Enterprise Solution, Investment Management, NextGen 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
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by George Polzer | Aug 2, 2015 | Investment Management, News & Trends, NextGen Advisor, Studies
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
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by George Polzer | Jul 22, 2015 | News & Trends, NextGen Advisor, Robo-Advisors
Robo-advice should be a holistic investment tool that educates investors
Many current robo-advice models fail to consider the investments investor already have, both outside and within superannuation, which could lead to poor outcomes for investors, InvestSmart said.
The online financial services portal argued robo-advice as it stands directs investors to risk-profile ‘matched’ portfolios, without a holistic approach.
Chief executive, Ron Hodge, said many online investment
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by George Polzer | Jul 22, 2015 | News & Trends, NextGen Advisor
#Wealth management now and in the future will be as different as the makeup of the (changing) wealthy. It will also be very similar.
If you want to be a wealth manager, Pershing’s Mark Tibergien likes to say, it helps to have wealthy clients. And as all advisors know, their primary goal is to find, attract and retain the best clients, with “best” understood to
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by George Polzer | Jul 22, 2015 | Discussions, Financial Planning, NextGen Advisor
Each day, technology continues its steady advance on a traditional advisor’s world. These advisors seem to be threatened on every side.
Don’t take my word for it. According to a recent study by Scottrade Advisor Services, 90% of respondents believe robo-advice will impact the wealth management industry, citing things like fewer prospective clients to compressed fees and new client interaction models. In addition, these same
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by George Polzer | Jul 19, 2015 | Financial Technologies, NextGen Advisor, Robo-Advisors, Studies
New Era of Digital Enablement / Beyond Advice – Enablement
On average, young investors don’t have the assets that thier elders have acquired over their lifetimes. Yes advisors often require clients to have a
minimum of assets in order to service their accounts. However, with the assistance of digital advice, that asset minimum is declining as productivity
gains make it feasible to serivce smaller accounts.
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