Fintech is a competitive market. There are hundreds of firms (see Michael Kitces’ Fintech Solutions Map) offering software that advisors can use for everything from financial planning and risk management to reporting and digital marketing. With so many choices, it’s not surprising that breakaway advisors feel overwhelmed by the complexity of selecting the best software to help them manage their RIA.
Many advisors are attracted to the idea of breaking away from their firms so they can serve clients in ways they think best. Fueling this interest is wealth management technology that is making it possible for advisors to strike out on their own.
The latest Secrets to Scale features Dan Jones, Vice President of Sales & Marketing at AIK2. AIK2, founded by WAGN and K2 Placements, was built by and for advisors to offer business insurance exclusively to wealth managers.
In this week's episode of "Secrets to Scale," Alli speaks with Phil Buchanan, Executive Chairman of Cannon Financial Institute, an industry leader in training and education for financial advisors.
The most recent annual McKinsey Global Survey, “Seven lessons on how technology transformations can deliver value”, aimed to identify how investing in technology can make a difference in your business. This year, the survey was of particular importance since many companies have had to quickly shift to an all-digital platform.
In its March 2021 report, “Future of wealth operations: An impetus for change,” Deloitte shares insights into wealth operations that advisors can use to create value for their firms. The report recognizes several trends that have implications for operations, including client demands for digital advice and transparency, increased regulation, and decreasing fees. Let’s examine what these trends mean for advisors and how LibertyFi can help position you for success in an evolving market.