The latest in financial adviser #FinTech (August 2017)
Summary
This month’s edition kicks off with a look at Morgan Stanley’s rapid pace of reinvention as a tech-savvy wirehouse since hiring away Schwab’s Naureen Hassan to become the firm’s chief digital officer in early 2016. • FinMason launches a new FinTech accelerator program, allowing startups to build on their FinRiver data analytics to create and rapidly deploy solutions to advisers (or consumers). They are also a major provider of software solutions for bank and trust companies in the wealth management business, though… an area they appear to be increasingly interested in ramping up to compete with FIS, a competitor in the bank-and-trust-company channel that recently did a deal with bank-focused robo-adviser Trizic. Aiming to fill the void, upstart trade publication AdvisorHub has announced the launch of a new platform called “AssetLink“, which is intended to help serve as a form of “matchmaking” service between advisers and wholesalers. Michael Kitces is a Partner and the Director of Wealth Management for Pinnacle Advisory Group, co-founder of the XY Planning Network, and publisher of a continuing education blog for financial planners, Nerd’s Eye View.
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