Welcome to WealthManagement.com’s 2014 bracket tournament. We're asking readers to weigh in on who they think is the most influential person in wealth management today. Is it one of the regulators who create compliance headaches for advisors? The wirehouse and Wall Street insiders who have dominated for decades? Academics and influencers who are steering conversations on game-changing trends? Or perhaps it's one of those individuals acting as disruptors, changing the face of the industry.You decide.
Vote now to advance your picks to the 'Sweet 16,' then see what others are saying on our forum or on Twitter using the hashtag #wmmadness. Check back each week on Mondays to vote for your favorite and see who’s made it to the next round.
1. Andy Rachleff
Current Gig: Executive chairman of Wealthfront <br/>
Location: Palo Alto, Calif. <br/>
Known For: Transforming the way consumers invest their money—online.
<p class="p1">If there’s one trend that advisors are afraid of, it’s the ascendance of the “robo-advisor.” And perhaps the biggest and most well-known of these online advice platforms is Wealthfront, founded by Andy Rachleff and Dan Carroll a few years ago. Many articles have been written about the <a href="http://wealthmanagement.com/practice-management/online-advice-revolution... of online advice platforms</a> and whether this technology could make advisors obsolete.</p>
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<p class="p1">Is the threat real? In 2013, Wealthfront’s assets grew from $100 million to over $538 million, which is larger than 87 percent of registered investment advisors in the U.S., the firm claims. </p>
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<p class="p2">Wealthfront is stacked with Silicon Valley talent. It’s backed by Netscape founder Marc Andreessen and Jeff Jordan, the former president of PayPal. Rachleff is also a partner at venture capital firm Benchmark Capital. In 2013, Wealthfront raised $20 million in venture capital funding.</p>