The Wealth Advisor

(SEI) As the wealth management industry faces a wave of advisor retirements, a modern tech stack can help banks strengthen retention and recruitment.

Private banks are staring down a two-pronged threat: an impending wave of advisor retirements and an exodus to independent channels. Banks must offset advisor retirements by both attracting new talent and competing with the allure of independent advisory models.

Technology can be one of the greatest weaknesses for many banks, hindering both recruiting and retention efforts.

FusionIQ, a leader in the delivery of cloud-based wealth management solutions with their all-in-one digital platform for financial advisors and institutions, has announced the launch of FIQ Freedom, the latest addition to its suite of innovative products on the FusionIQ One platform. FIQ Freedom empowers advisors thinking of breaking away to the freedom of a more entrepreneurial business model by supporting a comprehensive, turnkey platform tailored to their needs that enables them to transition to independence swiftly and confidently.

Model Marketplace vs TAMP from Adhesion Marketing on Vimeo.

(Amplify) The days when a spreadsheet and a calculator sufficed for managing clients’ portfolios are long gone. As financial markets evolve, client expectations rise and regulatory demands intensify, embracing technological advancements has become more than just a mere choice – it’s a necessity.

(Buckingham / Alex Potts) A very good friend and his wife recently came into town and asked me for a restaurant recommendation in the Santa Cruz area. I am always happy to help acquaintances with these “tough” problems.