The Daily Brief
taking test

A CFA Test in a Fintech World?

What the CFA test would look like in the land of robos, report shows how blockchain can revolutionize client onboarding, and HoyleCohen merges with Libbie Agran.

The test to earn the chartered financial analyst (CFA) designation is considered to be one of the tougher hurdles in finance, and a requirement for anyone who wants to be taken seriously as a financial markets analyst. But increasingly, as financial services firms morph into technology companies, the old nuts-and-bolts of securities analysis are less useful. What would the CFA test look like in the land of robos? Bloomberg columnist Lionel Laurent takes a humorous guess.

EY Report Breaks Down Blockchain's Impact

Blockchain might not have an immediate, drastic impact on the wealth management industry, but it can revolutionize one component of it right now: client onboarding. With the help of a blockchain ledger, client information that was once painstakingly gathered and verified could be done so almost instantly, according to an EY report. That means a smoother process for new clients and freeing up time for their advisors to spend on other tasks. The EY report does a nice job plainly explaining how blockchain can accomplish this, even if a reader is unfamiliar with the technology.

Focus Facilitates West Coast Merger

nico_blue/iStock/thinkstock

Focus Financial Partners helped facilitate the merger of one of its partner firms, HoyleCohen, with Libbie Agran Financial Services & Seminars, a registered investment advisory in Santa Monica, Calif. This marks HoyleCohen’s third merger since joining Focus in 2006. Peter Mueller, president and CEO of Libbie Agran, will head the Los Angeles office of the firm. The merger expands HoyleCohen’s presence in the Los Angeles area.

Want The Daily Brief delivered directly to your inbox? Sign up for WealthManagement.com's Morning Memo newsletter.

TAGS: Technology
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish