Five Innovations That Put Advisors Out of Business – Or Soon Will

There are two constants in wealth management: change and wealth managers who believe things will never change. Innovation in our industry has been ongoing since 6000 B.C., when barter systems predominated and saving meant drying some skins from the summer's hunt for trade during the winter months when demand would likely be higher.

Let's recount five financial innovations - three past and two present - that have and will threaten the livelihood of wealth managers.

 

 

April J. Rudin, Founder and President of The Rudin Group, is a financial services marketing strategist.

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