Fidelity’s custody and clearing unit is teaming up with online advice platform LearnVest to help advisors “digitize their practices.” Advisors and their clients will have access to LearnVest's financial wellness microsite and preferred pricing for its financial planning program. In October, Fidelity struck a deal with Betterment, another robo advisor offering, to provide advisors with a client-facing digital platform.
The Million-Dollar Robo
Nashville, Tenn.-based iQuantifi announced today that it raised $1 million from angel investors, marking yet another player in the increasingly crowded robo-advisor arena. Tom White, iQuantifi’s founder and CEO, calls his product a “cloud-based, robo-planning software platform” that is aimed at millennials and young families. The company said it would use the investment to expand its partnerships with financial institutions.
Talk About Something Else
Financial advisors need to re-think how they talk to their clients during good times and bad, according to University of Missouri researcher and certified financial planner Michael Guillemette. Guillemette says that financial advisors can make their clients more at ease by talking first about the value-added aspects of financial planning, like estate planning, insurance, retirement and long-term financial goals before discussing the ups and downs of their portfolios.
Social Media Mistakes
Are you on social media? Do you have a strategic social media plan? Didn't think so. If you're like most advisors, you're committing these five common mistakes - failing to have a plan, not being useful or relevant, quitting too soon, talking about yourself too much and using too many social platforms - Kayla Shaws says on digitalagent.com.
