The advisory world is moving toward a fiduciary standard with or without the DOL rule, financial technology firms contend.
The wirehouse, whose platform will be available next year, joins other big firms jumping into digital advice. <b><i>(More: <a href="//www.investmentnews.com/article/20160524/FREE/160529970/sigfig-raises-40-million-in-funding-led-by-eaton-vance-asserting"" target=""_blank"" rel="noopener noreferrer">SigFig raises $40 million in funding led by Eaton Vance</a>)</b></i>
Because of preconceptions, advisers should think about what they can influence in a first impression to combat any latent bias.
Digital-advice firms tell the Securities and Exchange Commission they put clients' interests first and that some regulatory updates are needed as digitization of the industry grows.
Though a lot of clients and prospects are asking about fees, what they're actually willing to pay comes down to the adviser's value proposition beyond investments.
What's useful for clients in terms of planning is also good for business development.
Advisers ready trades and talking points for crushed Clinton supporters
Cross border financial planning can help, but it's super taxing to emigrate.
Cross border financial planning can help, but it's super taxing to emigrate.
Private offices and cubicles are a thing of the past at modern firms. <b><i>(Related read: <a href="//www.investmentnews.com/article/20161102/BLOG09/161109983/seven-technology-trends-shaping-investments"" target=""_blank"" rel="noopener noreferrer">Seven technology trends shaping investments</a>)</b></i>
