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Summary: Custodians and other firms that serve financial advisers are scrambling to help them integrate digital platforms that will enable them to profit from younger clients and those with fewer assets.
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Summary: A vast majority of advisors are predicting a good market next year and a large group say they are excited about the prospects, according to an SEI Quick Poll of 463 advisors released Wednesday.
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Summary: As a financial advisor, it’s easy to get caught up in day-to-day activities, working IN your business instead of ON your business. But making an effort to help grow yourself personally and professionally cannot fall at the wayside.
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Summary: Now they need to prove that they can survive the long game. In just a few years, an emerging group of digital RIAs — often characterized as “robo advisors” — have amassed over $16 billion in assets, according to New York–based research and consulting firm Corporate Insight. The leading players include Wealthfront, with about $1.6 billion in AUM; Betterment, with around $1 billion; and Personal Capital, at around $800 million.
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Summary: Robo-advisors have almost $16 billion in assets under advisement, according to Corporate Insight, and directly manage almost $4 billion. Furthermore, they’ve earned those assets in only a few years of providing online advice. There are limitations to using an online advice provider, though, according to Equity Institutional. The firm recently released a white paper addressing those limitations.
