Fidelity is set to add Envestnet, Redtail, Morningstar, AppCrown and Salesforce to WealthCentral
Early to the integration game, the Boston giant will seek to pad its lead -- but it could take a while to execute
Doug Lawson
It is impressive to see the industry as whole grap onto techology to support the RIA. The fee based advisor is becoming ever more attractive to the end consumer. The investor continues to become more sophisticated and is asking for alternative investments, greater accountability, and more education. The more tools Investment Advisors have at their disposal, the greater the relationship with the customer.
Stephen Winks
As long as the industry is focusing advisory services support as a series of disparate technologies without a simplifying and unifying expert prudent process, it will just add to complexity that the advisor must manage.
Simplifying wholistic prudent process solutions, expert authentication and streamlining cost particularly in portfolio construction construction, monitoring and management will win the day. Out dated legacy systems, massive overhead that does not directly add value and the shirking of accountability and responsibility are sure to loose the day.
The sweet spot is the intersection of authenticated expert prudent process and advanced technology. Most of what we know of advisory services support today is already obsolete as it is of limited value, is terribly expensive and is far too complex for each individual advisor to achieve expert standing.
SCW
Related Moves
Altruist is CTO-less, for now, quasi-intentionally, it says • Ex-rival exec hired to jumpstart cross-selling Orion products to enterprise clients • BlackRock tops Grayscale • Facet outsources estate plans • Advyzon profits off Goldman exodus • Dan Wiener's RIA has new CEO • CFP count tops 100k
Shiralker out at Altruist • Orion gives Trevor Noble his cause • Bitcoin has a new fund king • Software maker benefits from Goldman custody exec. churn • Carson Group denies lawsuit • Merge of Wiener's old shop complete • 100,000th CFP named.
June 7, 2024 at 1:44 AM
Christa Carone, an ex-Fidelity and Xerox marketing whiz, steps onto a slippery slope at LPL with a daunting task -- to consolidate a NASCAR size brand portfolio... or not?
With no CMO since August, the chief marketing officer will play catch up for a company still hungry to buy more branded B2B and B2C players.
April 2, 2024 at 1:28 AM
Joanna Rotenberg is departing Fidelity Investments after only two years, writing that she traveled 20,000 miles and successfully split her retail division into wealth and brokerage units
At her hire, analysts were adamant the head of Fidelity retail had 'big shoes to fill' to replace legendary Kathleen Murphy and her task of 'digitiizing' retail was no small ask
December 16, 2023 at 2:22 AM
Orion Advisor Solutions calls 6% staff reduction a 'final action,' after ballooning headcount 40-plus percent since 2020 by gorging on Brinker, Redtail and five other companies
The Omaha, Neb., administrator of $3.6 trillion will cut 'duplicative' back office jobs to reduce staff to 1,320 from about 1,400.
September 30, 2023 at 2:31 AM
See more related moves
SalesForce
CRM Software
Top Executive: Marc Benioff
AppCrown, LLC
Outsourcer, CRM Software, Tech: Other
Top Executive: Ted Tsung
Redtail Technology
CRM Software
Top Executive: Brian McLaughlin
