-
4 days ago | 
financial-planning.com | Rob Burgess
Welcome to a series from Financial Planning in which we interview those who deliver financial advice to learn what tools they rely on to make it happen. Rising client expectations are driving the need for more powerful tech tools, and we're digging deep to find out why advisors prefer certain solutions. When federal job cuts swept government workers in Washington, D.C. earlier this year, Alvin Carlos realized just how important it was to have an efficient client communication system in place.
-
1 week ago | 
financial-planning.com | Rob Burgess
For many advisors, bond funds are necessary and effective for diversifying investment portfolios. High net worth investors can, and frequently do, use bond funds to obtain exposure to bond diversifying asset classes like mortgage-backed securities, high yield, floating rate, international and emerging markets, said Ryan Martin, vice president and portfolio manager at in Mansfield, Massachusetts.
-
1 week ago | 
financial-planning.com | Rob Burgess
After reaching new lows last month, financial advisors' confidence levels have rebounded slightly but remain generally negative. That's the overall sentiment reflected in the May , a survey of financial advisors and planners by Financial Planning. Every month, FACO surveys hundreds of advisors, measuring their confidence in the economy and other factors on a scale of minus-100 to 100.
-
1 week ago | 
financial-planning.com | Rob Burgess
While today, is the CEO and co-founder , a flat-fee RIA with around $4 billion in assets under management, he didn't start in the wealth management world. Instead, his background had been as an entrepreneur and early stage tech investor.
-
1 week ago | 
financial-planning.com | Rob Burgess
A recent study by Austin, Texas-based confirmed what many advisors probably already instinctively understand: clients value the personal relationships with their advisors much more than any investment advice. The inaugural analyzed 2,568 client reviews from over 200 advisors in 35 states and Washington, D.C., and found that 89% of reviews focus on relationships and emotional trust, while only 10% were focused on investment management.
-
2 weeks ago | 
financial-planning.com | Rob Burgess
Artificial intelligence-powered offerings in wealth management regularly hammer home one benefit they provide in particular: saved time. New York City-based startup Zeplyn, which for its AI assistant for financial advisors, is no exception. "Advisors are saving 10-plus hours per week on average by leveraging AI to streamline their client meeting process," said CEO Era Jain.
-
3 weeks ago | 
financial-planning.com | Rob Burgess
Financial services firms are turning to generative artificial intelligence to provide advisors with a crucial advantage: streamlined access to institutional knowledge. Last week, announced the launch of its own gen AI-powered proprietary system to access information stored across its internal databases. Stuart M. Feld, the firm's first-ever chief artificial intelligence officer, that the firm's new intranet search tech allows employees to ask natural language questions.
-
3 weeks ago | 
financial-planning.com | Rob Burgess
Welcome to a series from Financial Planning in which we interview those who deliver financial advice to learn what tools they rely on to make it happen. Rising client expectations are driving the need for more powerful tech tools, and we're digging deep to find out why advisors prefer certain solutions. If you ask chief technology officer Quin Kilgore what its assets under management (AUM) number is, you might hear two different answers.
-
3 weeks ago | 
financial-planning.com | Rob Burgess
A year ago this month, Dani Fava began her current role as at the Carson Group. Before that she held executive positions at firms including Envestnet and TD Ameritrade. For a significant portion of her nearly quarter century in the wealth management industry, the self-described "techno-optimist" has been heavily involved in the implementation of artificial intelligence. Lately, Fava has been focusing on using AI to increase both the number and net worth of the households Carson Group can serve.
-
4 weeks ago | 
financial-planning.com | Rob Burgess
For many families, money is such a fraught issue that people would literally rather take the reasoning for their estate planning decisions to their graves than discuss them beforehand. This lack of candor is sure to cause hurt feelings and even costly litigation when assets are inevitably acrimoniously divided among the remaining family members. But for advisors who facilitate effective communication between client families ahead of time, the process can instead bond them even closer.
