It Takes a Village
Putting together Investment Advisor’s inaugural fintech survey of industry leaders was time well spent. Of course, it involved more time and effort than I expected, as most valuable projects do.
The names of some individuals polled are familiar to advisors — Joe Duran, Clara Shih, Ron Carson and Michael Kitces.
Others have behind-the-scenes
roles at their respective firms. All
gave generously of their time and
energy to bring the cover story
to life and deserve our gratitude.
One idea that prompted this
publication’s first fintech survey
was the Equifax data breach,
which put information on 143
million consumers at risk. As
several leaders surveyed for the
cover story explain, the scope
of this hacking raises important issues. Lon Dolber, head of
American Portfolios, asks: should
credit bureaus be held to the
same standards as broker-dealers? And Kitces criticizes the use
of arbitration clauses by firms
with access to sensitive financial and other data.
Tech leaders that we surveyed also mention which tools
they favor, both on and off the clock. I guess it’s time for me to
check out and embrace applications like Mint, Evernote and
Tableau (heavy sigh).
As for other new tools, the SEC plans to create a website so
investors easily can find the names of barred and suspended
brokers. This development is highlighted in this month’s “The
Playing Field” column by Melanie Waddell. Like BrokerCheck,
this new database likely will include client complaints.
Speaking of complaints, Morgan Stanley has a few about the
Protocol for Broker Recruiting, which it recently left. I zoom in
on what the repercussions of this move mean for the recruiting
scene and advisors in “Broker-Dealer Beat.”
I often speak with BD executives and advisors about recruit-
ing when I attend industry events. But there are times when
these conversations turn to a subject very near and dear to my
heart: financial planning for the elderly.
My 87-year-old-mother has
been in pretty good shape in
terms of her overall health and
wealth. But all that changed in
early October, when she had a
stroke. Yes, some people recover,
This holiday seasons has brought me plenty to reflect on
and to cherish. I wish all our readers, advertisers and other
supporters a very fruitful and meaningful end of 2017.
I often speak with BD
executives and advisors
about recruiting when I
attend industry events.
But there are times when
these conversations turn
to a subject very near and
dear to my heart: financial
planning for the elderly.