From Finacial Planning
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Summary: Bill Harris, founder and CEO of Personal Capital, shares his view of the role robos will play in the adviser space ten years from now. Personalization - hat was the buzzword echoed by three top executives of leading robo firms at SourceMedia’s annual In|Vest conference in New York.
From Financial Advisor IQ
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Summary: Charles Schwab has launched a print and digital ad campaign designed to “educate” investors on the difference between so-called “traditional advisors” and registered investment advisors, Marketing Daily writes.
From InvestmentNews
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Summary: Regulatory pressure has been building from the Labor Department's new fiduciary rule, audits being conducted by the Securities and Exchange Commission and a crackdown on anti-money laundering programs. While firms are doing deals to gain scale and add services, RIAs with less than $150 million of assets are particularly vulnerable to a squeeze on profit margins.
From WealthManagement.com
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Summary: It's no secret wirehouse advisors are exiting, and exiting fast. With a new era of investing upon us predicated on unpredictable volatility and tightening from the Department of Labor (DOL) with an embrace of fiduciary responsibility, investors are seeking a new breed of products and advice. Trusted advisors who can source a tailored financial plan with the investor’s best interest in mind, not simply push a product, but instead be a holistic solutions provider, will rise to the forefront.
From WealthManagement.com
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Summary: According to Schwab Advisor Services’ “Independent Advisor Outlook Study” of 930 independent RIAs that custody with Schwab, three-quarters of advisors are “very optimistic for [RIAs] to grow in the next five years.
