Technology articles describe the design and implementation of new or significantly improved reagents, tools, technologies, and methods that are (or will be) broadly useful to the fields covered by the journal. Similarly, from local regulations to international law , negotiations can be seen as a gradual exploration of all possible moves to find a stable framework of rules acceptable to everyone, and giving no one an incentive to cheat – because doing so would leave them worse off.
After all, the reality is that while the average advisor may simply be able to keep working with affluent retirees until the advisor themselves retires, broker-dealers are going-concern businesses that must focus on the long run – and recognize that eventually, the coming shift in generational wealth (as Baby Boomers pass away and bequeath assets to their Millennial children) means that they must find a way to grow their Millennial client base.
On the other hand, Knull’s departure from MoneyGuidePro comes on the heels of major enterprise successes, including a big deal last fall with Cetera (which beat out eMoney Advisor despite former eMoney Advisor CEO Edmond Walters being a Cetera board member!), and the adoption of Knull’s brainchild, MyMoneyGuide, as the backbone for Schwab’s Intelligent Advisory offering… suggesting that Knull is leaving on a high note (and given his history, will likely resurface in a leadership position somewhere in the industry again soon).
It has helped develop more advanced economies (including today’s global economy ) and has allowed the rise of a leisure class Many technological processes produce unwanted by-products known as pollution and deplete natural resources to the detriment of Earth’s environment Innovations have always influenced the values of a society and raised new questions of the ethics of technology Examples include the rise of the notion of efficiency in terms of human productivity , and the challenges of bioethics.
You can view analysis of these announcements and more trends in advisor technology in this month’s column, including a fascinating look at why, exactly, performance reporting software for advisors is so expensive (the answer: a lack of quality data and poor data standards in the data feeds from custodians), whether Amazon Alexa may become a new communication channel for financial advisors to reach their clients, and the news that XY Planning Network is running its second annual FinTech competition for advisor technology startups (deadline for those who wish to enter: June 15th).