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Choosing a Custodian  |  Craig Iskowitz  |  Financial Advisors  |  Investment Advisors  |  Joel Bruckenstein  |  Wealth Management  |  Wealth Management Technology

10 Questions to Ask Before Choosing a Custodial Relationship

Choosing a custodian relationship is one of, if not THE single most important decision any new registered investment advisor must make. It should not be taken lightly. There are many custodians in the marketplace - not all will be the right fit for your business. To explore the process of choosing the best custodial relationship, I had the opportunity to catch up with industry experts and thought leaders Joel Bruckenstein and Craig Iskowitz to have them weigh in on the top questions they believe breakaways or new RIAs should consider asking potential custodians.

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AdvisorEngine  |  Financial Advisors  |  On-Boarding  |  Technology  |  Wealth Management  |  Wealth Management Technology

Top 4 Reasons Why the Wealth Management Industry Needs to Develop its Digital Capabilities

Everything nowadays is all about the “experience.” Why should wealth management be any different? It shouldn’t be. Advisors should strive to provide clients with exceptional financial experiences.  Unfortunately, we find that within the realm of the wealth management industry, the financial experience process has been slow to catch up with 21st century standards.

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AdvisorEngine  |  Financial Advisor Mistakes  |  Financial Advisors  |  Technology  |  Wealth Management

4 Mistakes I Made as a Financial Advisor

A long time ago (in a galaxy far, far away) I was a financial advisor.  I’m proud of many things that I achieved - but with the benefit of hindsight, I realize that there are some things I could have done differently.  I’ll share with you now the biggest mistakes I made as a financial advisor and how to avoid them. My hope is that this will serve as valuable advice for those in the advisory role and also as a guide for those who are seeking financial advice.

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Compliance  |  Financial Advisors  |  Investment Advisors  |  Wealth Management

Compliance for Financial Advisors: A Regulatory Year in Review

This year the SEC provided a steady stream of guidance illustrating which compliance and governance programs worked and which ones fell short. To help you plan for 2020, we have distilled the highlights in this Regulatory Year in Review. As you study enforcement cases, rule proposals and risk alerts, you’ll see there are trends for RIAs to consider in the year ahead.

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AdvisorEngine  |  Financial Advisors  |  Technology  |  Wealth Management

Wealth Management's Digital Age

Technology has entered every part of my life.  At home, I am surrounded by it. In the kitchen cooking, throwing in a load of laundry or helping my kids with homework - everything requires something digital to function. At the office, my Macbook has replaced all my old tools - pen, paper, scanner, and fax. On the road, I’ve got something high-tech in my pocket, on my wrist, in my car - the list goes on and on. Everything has a screen and buttons to push.  It’s no wonder that a new digital age has entered wealth management.

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AdvisorEngine  |  Financial Advisors  |  Integrations  |  Junxure CRM  |  Technology  |  Wealth Management

How Financial Advisors Can Text Clients While Remaining Compliant

I’m a millennial. So it should come as no surprise that I like texting.  But it’s not just millennials who prefer texting as their go-to form of communication. Did you know that 89% of all consumers prefer to use messaging to communicate with businesses? Texts have a 98% open rate and 90% of these are read within 3 minutes of receipt. These numbers are astonishing. It’s no wonder that financial advisors are thrilled with Junxure’s latest integration with MyRepChat. MyRepChat reports this new integration allows advisors to communicate with clients via text while fulfilling important compliance requirements. 

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