wealth management artificial intelligence

Can AI Improve Advisor Efficiency?

“I believe that by the end of the century, the use of words will have been altered so much that one will be able to speak of machines thinking without expecting to be contradicted.” ― Alan Turing, English mathematician, computer scientist and cryptologist, from Computing Machinery and Intelligence The foundation of AI started back in 1950 […]

best ria platform

RBC Paints It Black with New RIA Digital Wealth Platform

The asset gap between the Big 4 RIA Custodians and the second-tier custodians is as wide as the Grand Canyon. With a combined asset base of over $2.5 trillion, the Big 4 would seem to have nothing to worry about from their small custodian peers. Yet, the many niche RIA custodians don’t seem to be […]

MMI Model Hub Looks to Unify Battling Vendor Networks

The era of the model hub as a standalone product has arrived. With the launch of model hubs like InvestEdge’s MMxCHANGE, Vestmark’s Manager Marketplace and the soon-to-be released Money Management Institute’s (MMI) Model Hub (the Hub of Hubs), model hubs have moved from internal-only tools that took a back seat to portfolio management and trading and have become […]

risk tolerance questionnaires

5 Ways Big Data Can Improve Risk Tolerance Questionnaires

This week, we remember a seminal event in the history of artificial intelligence. It was the twentieth anniversary of world chess champion Gary Kasparov’s loss to IBM’s Deep Blue supercomputer. I was fortunate to be in attendance when Kasparov gave a keynote speech at the 2017 Envestnet Advisor Summit, where he spoke about his latest book, Deep Thinking. […]

blockchain financial services

3 Key Differences Between Blockchain Hyperledger and Ethereum

“Chess is not always about winning.  Sometimes it’s simply about learning.” This anonymous quote summarizes the new battle between old antagonists; IBM and Microsoft.  These two tech giants have staked competing claims to blockchain dominance by backing competing standards.  IBM supports hyperledger while Microsoft is pushing Ethereum.  Both are decentralized ledgers that can be used to manage […]

robo platform advisors

Can Oranj + TradeWarrior Compete With The RIA Big Boys Now

It is a great time to be an independent RIA.  At least when it comes to technology.  There seems to be an endless supply of tools for automating, optimizing and generally improving the efficiency of an advisory firm’s operations. This is especially true in what we like to call the robo-platform or digital advice space.  Innovative companies […]

fintech startups

How Israeli Fintech Startups Are Shaking Up Banking & Payments

If there was one location on Earth that should be referred to as the ‘Startup Capital of the World’ it would be Israel. Sure, when it comes to raw numbers, Silicon Valley is king. But on a per capita basis, Israel, with only 8 million people, boasts more startups, more venture capital, more scientists and […]

blockchain technology

The Ghost in the Blockchain: 5 Reasons It Will Revolutionize Financial Services

I’m writing this post from the comfort of my Airbnb apartment in Tel Aviv where the news has just broken of Intel’s purchase of MobileEye, an Israeli firm that has developed chips for cameras that allow cars to ‘see’ the road ahead of them.  The $15 billion Intel is spending is another validation of the […]

What If RoboAdvisors Gave Away Financial Planning?

Bill Gates made a splash recently with a controversial statement about how to deal with the impact of technology on the job market.  He proposed a new tax on companies that install robots to replace human workers.  His logic is that a tax will reduce the pace of automation and the money raised would be used for retraining […]