Humans love arguing about disaster. Whether it be meteorologists arguing about the most devastating hurricane or advisors discussing the world’s most damaging financial crisis, people always have thei …
What do Thomas Edison, Albert Einstein, and Leonardo da Vinci have in common? They were all brilliant, innovative people who all took naps. Increasingly, companies—particularly in the IT industry—are …
For anyone who has tried to implement a new technology or a new process in wealth management, resistance to change is inevitable. According to research from the Center for Creative Leadership, 75 …
Driven by the improved economy, more Baby Boomer government workers are beginning to retire. This has been expected for some time. But the Millennials—people born in the 1980s and 1990s, who were supp …
Automation has arrived in wealth management. However, as asserted by Accenture in its recent report, Technology Trends 2016, the only way to take advantage of the benefits offered by digital technolog …
In the next decade, billions of dollars in assets will be passed onto the children and grandchildren of baby boomers. In parallel to this wealth shift is a generational shift in the advisory firm work …
The wait for Game of Thrones is finally over. Backstabbing, intrigue, secrets, false alliances, fighting against invisible enemies—for some people, it’s almost like a normal week at the offi …
First of all, what is a smart city? “A smart city gathers data from smart devices and sensors embedded in its roadways, power grids, buildings and other assets,” describes Jon DeKeles of the …
Never mind BYOD (Bring Your Own Device). Are you ready for BYOA (Bring Your Own Application)? In a natural extension of the forces that led employees to want to bring their own device …
This past June 30th was National ESIGN Day, intended to commemorate, celebrate, and encourage the use of electronic signatures. Why June 30? Because it was the 15th anniversary of the U.S. National ES …
2012’s Hurricane Sandy once again brought home the importance of comprehensive disaster recovery planning. With a cost of over $68 billion, Sandy caused organizations to face the question of whether t …
For financial advisors, a winning day can come in many forms—a good day in the market, signing a new client or shooting par for a round of golf. But with each of these wins, except for maybe the golf, …
Financial advisors become successful by focusing on building their practices—not by planning how they’ll leave them. In fact, less than 1/3 of today’s RIA practice owners have a succession plan in pla …
When creating and pitching business cases, even experienced presenters can fall victim to a few common mistakes. Here are the five most frequent mistakes managers make when pitching their business cas …
Timothy D. Welsh, CFP, is president and founder of Nexus Strategy, LLC, a Larkspur, Calif., consulting firm to the wealth management industry. Nexus Strategy works with investment advisors on growth s …
click photobox to view How can you compete with robo-advisers? Automate, automate, automate! Every hour an adviser spends manually filling out new account forms, tracking down approvals or collec …
Building a presence on social media sites like Twitter, LinkedIn and Facebook can help financial advisors build a strong brand, attract new clients and enhance relationships with existing clients. But …
Making the right document management technology decision for your business requires a sound assessment of the ROI. Below are five positive changes derived from adopting digital document management, pl …
Anyone looking into a financial advisor’s office or file server will notice it right away: hundreds, even thousands of files and records that detail every financial decision, action and communication …
The United States Securities and Exchange Commission (SEC) 17A mandates cover overall recordkeeping for the financial services industry. Rule 17a-3 covers document retention requirements—what document …
Workflow automation is taking the wealth management industry by storm. Automated account onboarding, digital client signatures and streamlined blotter submissions are just a few innovations that are t …
