Posted on December 21, If Amertrade Chase client enables the API for Intuit, does that mean the Chase account data will be available through the Finicity relationship as well? Yes, there are some connections with health insurance and health insurancebut this essay helped me set aside my own political believes and consider what I want from my long-term healthcare interactions. Leave a comment 1. The Financial Advisor Technology Landscape as of March Posted on December 29, Financial advisor technology news and information.




Posted on March 7, Then have I got a chart for you! Click the image below to view in full high definition! The Financial Advisor Technology Landscape as of March Posted on January 31, Betterment that's an awfully long email i just got just to say you're raising your fees from 0. Since the Betterment for Advisors introduction, I had been critical of the conflict the different pricing tiers presented for advisors who chose to implement Betterment for Advisors for their clients.

Today, that fee disparity, and the fiduciary quandary, is eliminated, but at the expense of raising fees for customers who qualified for the former 15 basis point tier. Posted on January 27, Names that should be familiar are Envestnet Yodlee, Betterment, and Personal Capital, with less-familiar B2C startups Affirm, Digit, Kabbage, Ripple, and Varo Money rounding out the list. The banks acknowledged the throttling, saying they did it out of concerns for account security and to protecting customer data.

Because by my research, account aggregation has been around for the better part of 28 years. How many known security breaches have been reported by the account aggregators? And the tension is significant enough that even the Consumer Financial Protection Bureau has taken interest in the issue. This new API, however, allows Chase customers to grant access to Intuit right within their Chase account. And another unknown is how Finicity may or may not be affected by this, because if you recall, Intuit said it was shutting down support for its account aggregation APIs and transitioned sales and support entirely over to Finicity.

If a Chase client enables the API for Intuit, does that mean the Chase account data will be available through the Finicity relationship as well? So why spend all this time on account aggregation? Unless you want to gather reams of paper statements from clients, the answer is account aggregation. Posted on January 20, Back in December when the Financial Planning Magazine technology survey came out, Wealthbox CRM was one of the few movers and shakers in that survey who rose up the ranks in overall adoption.

Most of the other companies basically stayed in TD Ameritrade Institutional Introduces Veo One the Next same positions as in previous surveys. So Wealthbox CRM basically launched from zero on February 11th which I remember because February 11th is my birthday and in under three years has ascended to the level of industry adoption to compete with well-known CRMs like Redtail, Salesforce, and Junxure. So with that, let me just say that I believe Wealthbox CRM deserves a little more respect and recognition in the industry for the adoption it has already earned among advisors in just a few years.

The firm also failed to comply with custody rules by not conducting surprise audits on client accounts for which the firm had custody. So accurate billing is one of those things than often goes under appreciated inside your advisory business. And to wrap up advisor technology news, I saw that Cabinet Paperless, a document management company based in Huntsville, Alabama, was acquired by PSIGEN Software for an undisclosed amount. Your top contenders here are Laserfiche, Cabinet, NetDocuments, and possibly Sharepoint if you can justify the cost and customization required to make it work right in your firm.

Atul Gawande about incremental careor primary care, and the differences and tradeoffs of that kind of physician interaction compared to acute care, TD Ameritrade Institutional Introduces Veo One the Next the interaction one might receive from a specialist. Yes, there are some connections with health insurance and health insurancebut this essay helped me set aside my own political believes and consider what I want from my long-term healthcare interactions. Many of you, as owners of independent RIAs, are in the same boat.

Posted on December 29, Balance Financial was an alternative to well-known personal financial management apps, or PFM, such as Mint. Alas, it seems that TaxACT is not interested in supporting Balance Financial beyond January 31, I suspect that the number of advisors using the Balance Financial app is very low, likely below a dozen, so few are likely to be affected by the shutdown. Posted on December 21, Fetter gives us an overview of the spaces created to encourage collaboration and innovation, all in support of the tens of thousands of financial advisors who work with LPL Financial.

Posted on December 16, Onboarding replaces printed fact-finding documents with an automated, digital workflow, allowing clients to populate their own personal financial information online from anywhere — adding an extra layer of convenience and efficiency to your service. So I was asked if I thought RIAs should be concerned about this announcement, and I said yes, RIAs should absolutely be concerned.

While at the Schwab IMPACT conference in October, I had a chance to connect with Brandon Rembe to get a quick update on what this new feature means for advisors. Before I sign off, you need to know that I have some big plans in the works for FPPad content in Scottrade signed agreements TD Ameritrade Institutional Introduces Veo One the Next Morningstar, Inc.

Yahoo, already reeling from its September disclosure that million user accounts had been hacked indisclosed Wednesday that a different attack in compromised more than 1 billion accounts. Posted on December 2, For more information the eMoney Analytics solutions, visit fppad. This investment is the latest example of ETF issuers getting in the automated investment service space, but remember, BlackRock acquired FutureAdvisor, Invesco acquired Jemstep, yet WisdomTree chose to make a minority equity investment.

So let me connect some dots. All of the automated investment services are putting downward pricing pressure on asset allocation and periodic rebalancing. So in general, margins for traditional portfolio management are being compressed. You can either add value elsewhere, or look for ways to save on operational costs for your business. The investment management technology company appears to be opening up a bit more about exactly what it is they do.

Digital advice expects big growth from banks from Financial Planning Digital advice as an industry will take off once it is built into retail banking, capitalizing on an investor segment ignored by wealth managers, says SigFig CEO Mike Sha. Posted on November 23, Why do you want the T6i? The bundle also includes extra batteries and a carrying bag. Posted on November 18, Wells Fargo Goes Robo With SigFig Wealth Management from WSJ.

Will they be Wells Fargo mutual funds, or third-party ETFs? All the big banks, all the incumbent financial institutions are boarding the automated investment bandwagon. Sooner rather than later, your clients and prospects are going to get solicited by the very institutions they use today. According to an AdvisorHub article, the outage binary options trading api inspector on Monday, and one broker with First Allied reported that he could not sign in to view emails, access performance reports, or even call Cetera using their standard phone number.

Cell phone numbers were eventually sent out on Monday evening. In a firm-wide conference call on Tuesday afternoon, Cetera Chief Executive Robert Moore apologized for the disruption and said systems had been fully restored, and added that no data had been compromised through hacking or any other unauthorized access. Sometime inhackers were able to access the could server configured by a third-party vendor and obtain records on approximately 5, customers.

Was it an FTP server, a service like Dropbox, a proprietary server with remote access, or something else? How is that even possible? WisdomTree Makes Strategic Investment in AdvisorEngine from WisdomTree WisdomTree Investments, Inc. Combined Envestnet and Yodlee Data Offering Supports Morgan Stanley Wealth Management from PRNewswire. Financial advisor technology news and information. The Financial Advisor Technology Landscape: March Curious which companies make up the financial advisor technology landscape?

Want to be among the first to receive information like this? Then subscribe to my free email list right now. Betterment adjusts its default fee structure to 25 basis points for accounts of all sizes for what is now called Betterment Digital the 35bps, 25bps, and 15bps tiers are gone. Some customers are not pleased. Betterment Plus includes an annual planning call with the in-house adviser team and support via email.

Betterment Premium include unlimited contact with the in-house adviser team via phone and email. There is no fee to be included in the adviser referral network. Betterment receives no referral fees for directing customers to any specific adviser in the referral network. Customers who work with an adviser in the Betterment referral network pay a fee of 25 basis points on their assets in their Betterment account. Betterment announced today that the company will introduce hybrid advice offering with access to an in-house team of financial advisers.

Betterment This is kick in the face to customers that were saving aggressively to reach the lowest cost. Fee Parity Between Retail and Advisor Platforms. FPPad College student forex trader 365 and Bytes for January 27, FPPad Bits and Bytes for January 20, Balance Financial to shut down January 31, In an email to current users, Balance Financial, a personal financial management app acquired by TaxAct inannounced it will shut down operations on January 31, See the email announcement below:.

Balance Financial shutdown email announcement sent to users. Tour the LPL Financial campus in Fort Mill, SC with Victor Fetter. In a follow up to our first stop on FPPad Tech Tourwe reconnected with LPL CIO Victor Fetter to tour the finished Carolinas campus complex in Fort TD Ameritrade Institutional Introduces Veo One the Next, SC.

Click here to watch the tour on YouTube. FPPad Bits and Bytes for December 16, So get ready, FPPad Bits and Bytes begins now! Watch FPPad Bits and Bytes on YouTube. A few parting words:. Yahoo Says 1 Billion User Accounts Were Hacked from NY Times. Introducing Asset Classes from Riskalyze. Personal Capital, the leading digital and professional advisor based wealth management firm, today announced that IGM Financial Inc. Watch FPPad Bits and Bytes for December 16, FPPad Bits and Bytes for December 2, WatchFPPad Bits and Bytes on YouTube.

Is RightCapital the right fit? Future ready: Seismic moves for digital wealth management from Financial Planning. Digital advice expects big growth from banks from Financial Planning. Digital advice as an industry will take off once it is built into retail banking, capitalizing on an investor segment ignored by wealth managers, says SigFig CEO Mike Sha. Watch FPPad Bits and Bytes for December 2, FPPad Bits and Bytes for November 18, Wells Fargo notice of an application for an exemption from certain requirements of rule 3a-7 a 4 i under the Investment Company Act of from SEC.

Cetera Brokers Endure Two-Day Systemwide Crash from AdvisorHub. WisdomTree Makes Strategic Investment in AdvisorEngine from WisdomTree. Unveils Integration with MX for Aggregation and Personal Financial Management Functionality from PRWeb. Envestnet Yodlee and its parent company Envestnet, today announced a partnership for the combined organization, providing data aggregation, digital applications and data reconciliation solutions to Morgan Stanley, one of the largest, most established wealth management businesses in the industry.

Watch FPPad Bits and Bytes for November 18, Leave a comment 1. Dropbox for Financial Advisers: Is it Safe? Betterment is poised to overtake Wealthfront in AUM 32 views. Black Diamond Performance Reporting. This site uses cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we'll assume that you are happy to receive all cookies from this website. If you would like to change your preferences you may do so by following the instructions here.




Technology updates from the 2016 TD Ameritrade National LINC Conference