Roboadvisor market

Is The Roboadvisor Market Finally Consolidating?

I recently had the pleasure of speaking with industry guru and all-around nice guy, Michael Kitces. Our discussion was focused on trends in advisor technology, which meant that the subject of roboadvisors had to be covered at some point. You can watch the video using the link below, or read the transcript that follows. Is It Time for […]

fintech startups

Can These 5 Startups Change The Face of Fintech?

“All life is an experiment. The more experiments to you make, the better.” — Ralph Waldo Emerson The startup game is not for the faint of heart.  While there are thousands of new companies being launched by bright-eyed entrepreneurs every year, only a small percentage will turn out to be successful. This is especially true in the […]

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 […]

uma platform providers

3 Ways Natixis Can Help Pershing Catch Up to Envestnet in UMA

Unified Managed Accounts (UMA) never achieved the expected market domination or lived up to the peak hype that existed before the financial crisis.  Now, it is just another managed account program, alongside Separately Managed Accounts (SMA), Mutual Fund Wrap (MFW), Rep-as-Advisor (RAA) and Rep-as-PM (RPM).  While UMA currently holds only around 12% of all advisory assets, according […]

roboadvisor technology

3 Tips For RIA's to Succeed in the Wild West of Roboadvisors - Kitces

In the 1966 spaghetti Western, The Good, The Bad and The Ugly, Clint Eastwood plays one of three gunslingers competing to find fortune in a buried cache of Confederate gold amid the violent chaos of the American Civil War. Each of the three have only partial information about the gold’s location, so they have to work together if […]

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 […]

bank wealth management

5 Reasons Why Banks Should Start Their Own RIAs

Twenty years ago, the majority of new accounts opened by banks were trust accounts, while only a small minority were advisory accounts.  That has since flipped 180 degrees.  Now, the majority of accounts are advisory, with only a small percentage being trust accounts.  Yet, many bank wealth management groups still put all of their accounts onto […]

top ten WMToday posts

The Top 10 WMToday Posts from 2016

Craig’s Note: I love these summary articles because they’re a great way to re-purpose content while providing you, our loyal readers, with a handy overview of the year gone by.  Robo-Advisors are still a hot topic, although I believe a B2C shakeup is likely in 2017.  Portfolio rebalancing tools have been a staple on this blog since it started. […]