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Summary: Today, cybercrime is chiefly about financial fraud. Tomorrow, it will focus on the destruction of human life. That’s what teenage fraudster turned FBI consultant Frank W. Abagnale of “Catch Me If You Can” fame tells ThinkAdvisor in an interview. “Technology will get very scary,” he warns.
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Summary: When was the last time you worked 9-to-5? Chances are, not for a while. In fact, it’s a safe bet you’ve worked longer hours than 8-to-6 or 7-to-7 recently. Why? Because in today’s connected world, we’re always on, almost everywhere.
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Summary: Asset-based pricing and managed money were meant to put the client and the advisor on the same side of the table. Many advisors found they were being paid for doing the right thing — advising clients to sit tight with long-term holdings instead of doing short term trading. Others found they were being paid the same regardless of the amount of attention the client received.
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Summary: Starting in my early thirties, and then together with my wife, I have tried to hire advisors to create financial plans, but the experience was typically frustrating.
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Summary: If there was one theme that stood out at the CB Insights Future of Fintech conference in New York City this week, it's that financial technology startups still believe they can "disrupt" traditional financial services firms and improve everything from banking and credit to financial advice.
