Investing in the Digital Age: Why real-time data is a must-have for RIAs and long-term investors
The investment industry has created a classist system of haves and have-nots when it comes to information
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July 9, 2019 at 11:33 PM
Wealthfront
Portfolio Management System
Top Executive: Andy Rachleff
Stephanie Sammons
Andy, thanks for this article and viewpoint. I am very familiar with http://www.wealthfront.com and http://www.covestor.com and I think it’s only a matter of time before transparency is no longer avoidable. One of the primary ways that money managers and financial advisors have relied upon for closing new business is their “secret sauce” investment strategy. There are very strong opinions about opening up the real-time portfolio closets due to the fear of losing this “imaginary” edge. Ironically though it is not simply the investment methodology that builds trust, it’s the consistency of results, communication, and follow through. There is a desperate need to regain trust in the industry and transparency could get us there! However, there is a lot of work to do in convincing money managers and advisors that this could be good for everyone.
Stephanie Sammons
CEO of http://www.wiredadvisor.com
Andy Rachleff
Thank you for the response Stephanie. One of our money money managers told us “the good have nothing to fear” when it comes to transparency. We couldn’t agree more. Our elite group of money managers distinguish themselves by selecting investments that others overlook and earning outstanding returns as a result. They understand the value they bring is a consistent track record of beating the market, not in obfuscating how they actually do it.
Andy Rachleff
CEO, Wealthfront
