How it is that the new, new thing in financial advice is an old, old thing retreaded and vastly improved
Financial planning software is hot everywhere you look, from the M&A market to the robo pipelines, driven by a reframing of its very reason to exist
Related Moves
Bill Crager shuffles the deck on management team created just seven months ago: Tony Leal is out of 'Big Three' inner circle, replaced by Morgan Stanley vet Rose Palazzo
The RIA software 'trailblazer' and co-founder of MoneyGuidePro has been working on departure for a year; will transition to a 'consultant,' company says
January 7, 2023 at 1:50 AM
Envestnet just named an ESG head to meld 'wellness,' 'The Intelligent Financial Life' and 'sustainable investing' into a single nirvana -- that starts outside of the product realm
Ron Ransom earned CEO Bill Crager's trust as chief business development officer and now will define how Envestnet conducts itself as a global citizen and vendor of wellness.
July 27, 2022 at 2:27 AM
Envestnet and Edmond Walters end odd couple 'Apprise' relationship with buyout, but leave open the door to jointly pursue RIA-to-entrepreneur dashboard... later
The MoneyGuidePro owner and eMoney founder execute clean break with Apprise IP rebranded as 'Wealth Studio.' Walters off to the races with a startup and vague promise to collaborate later.
April 6, 2021 at 12:50 AM
Alois Pirker sets up shop in Marblehead by taking a page from the RIAs he advises
The former Aite-Novarica consulting chief wants the latitude of Pirker Partners to take the gigs he wants and avoid corporate consulting economics -- namely selling reports.
January 21, 2023 at 5:03 AM
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Tracey Gordon
Great piece addressing how the wealth accumulation focus of advisors melds with the life planning needs that become so critical for clients. But not all advisors who are skilled at the first, know how to deliver the second. The reverse is an even more dismal story. But, clients are going to want both and it is incumbent on the industry to figure out how to do that. As we age and our portfolios get larger, the question of when, how and how much income becomes so much more important than only asset accumulation. Will it become a case of having to move from a pure “investor” advisor to a financial planner — that’s not appealing at all. As the industry evolves and takes care of its customers it is going to have to get the mix right, make it easy to understand and easy to deliver. The firms that get that mix right are positioned for great things. In my mind no one has struck it perfectly yet. Who will do so, will be a fascinating story to watch in this changing industry.
My prediction: taking the family office model and applying it to a much broader universe.
