We have returned with another round of wealth management technology titles that attract attention. Even in a short month, a lot was happening. Here is what we think is affecting our industry this February:
CFPB Disraray puts Fintech in the future, Bank's surveillance in question
We have mixed emotions in this news. There are times when you have a guard is a good thing. A Consumer Protection Board ensures that property management has a high standard for perfection and ensures that investors trust councilors who provide advice in a regulated but not too regulated environment. The distribution of this entity presents the risk of evil actors that disrupt the gang: it is bad for America if investors begin to question the motives and legitimacy of the industry. Investors can depart from advisory relationships and self-management their wealth, which will lead to under optimal results for those who need it most.
Asssetmark appoints Alex Pae as EVP and leading technology and product official
Bringing a qualified institutional technologist, which Alex is clearly, must be great for Asssetmark. Since its acquisition by GTCR, we have seen truly convincing movements and continue to be excited about what Asssetmark is doing. Alex will understand important investments in technology infrastructure and its ability to give a major impact on councilor clients. However, we expect a learning curve with the Tamp model: smaller councilors, more B2B workflows and external integration into their desktops. Pay attention to Asssetmark as a destroyer of the increasingly important industry.
Popular start for councilors, dance, collects $ 20 million
As a rule, F2 does not quickly bend to the industry zeitgeist for technologies or divisive trends. Historically, these have cost the industry much more time and money than they have returned. However, with specific cases of use of it, we have begun to see material evidence that these tools are saving advisers per week in management of practice, preparing meetings and updating/taking notes/CRM. For this reason, we are emphasizing the new round of Jump funding as an excellent indicator of the added value and recognition of a tool that we have seen to deliver excellent results.
This technology includes an area of financial planning that is not well served by other planning technology. It allows councilors to have deep conversations about long -term care, develop portfolios and investment plans of the structure that cover these inevitable costs. Creates ascending as the creators of the investor wealth with original clients-link their advisers with their heirs representing the second generation which will be part of these conversations with the client of aging. We do not see this area get enough attention, and we are excited to see with water to receive this funding for such a noble effort.
Kabir Sethi joins with the starting board of that zeplyn
The heavy weight industry Kabir Sethi (Merrill Lynch and LPL Alum) is one of the most reliable technologists in the space today. Having a high -caliber leader as Kabir Join this branch of advisory efficiency technology shows how important it is to practice management. Kabir is showing a commitment to improve the lives of thousands of councilors across the country. Also also an indication of how much quality and thought have entered the building outside Zeplyn and the promise that shows to help automate many of the most manual advisers.
Stay tuned for more knowledge and perspective as the industry continues to evolve through technology advances and changes in regulations.