Category: Press

RIAs, Listen Up: Your Clients Want Digital

Clients’ approval means the robo trend is here to stay — and some traditional advisors are choosing to embrace it.

During a panel at the In|Vest conference in New York, David Lyon, CEO of Main Street Financial and Oranj and Barry Ritholtz, CIO of Ritholtz Wealth Management, talked about how they incorporated digital tools into their otherwise traditional RIA practices.

Click here to read Maddy Perkins’ complete article on Financial-Planning.com!

The Computer as a Financial Planner

Computer-generated investment advice has gotten a lot of attention the last few years. And for good reason.

Many web-based services have given investors with smaller portfolios access to advice that they wouldn’t otherwise get. And because these services charge lower fees — no need to pay human advisers, after all — that can increase returns on investments that track indexes.

Click here to read Paul Sullivan’s complete article in The New York Times!

The Advisor With a $275M Firm and a Software Startup

Oranj — and a growing list of next generation advisor software — is the new black for firms seeking to “out-robo” robo advisors.

The robo wave is forcing flesh and blood advisors to improve their digital presence and that has fintech companies like Oranj rushing to fill the void.

Click here to read Phyllis Furman’s complete article on Financial-Planning.com!

TD Ameritrade to Join Robo Race

TD Ameritrade is joining the crowd of firms intent on building a robo advisor, although it immediately notes that its product will be less “robo” and more expensive than some of its competitors’ offerings.

Fred Tomczyk, president and CEO of TD Ameritrade, acknowledged at TD Ameritrade’s Elite Advisor Summit, now underway here, that there is a market for the pure digital offerings in the marketplace. But he believes that such an offering supported by human specialists is the way to go. “Our belief is that you still need human beings to be part of the process,” he said.”

Click here to read Joel Bruckenstein’s complete article on Financial-Planning.com!

RIA’s Wake Up to Demand for Innovation

“Three years ago managers at Main Street Financial Management had a problem. The Chicago-based registered investment adviser’s clients had come to expect a level of technological sophistication from their financial custodians, and when it came to communicating with their advisers, something was missing…”

Click here to read the full article on Institutional Investor!

RIA Launches Wealth Management App

“Chicago-based Main Street Financial has broadened from being an asset manager to a technology vendor. It has created and is licensing Oranj, a front-office product for financial advisors fielding client demands for more access to information on their accounts, and a comprehensive view of how the investments are faring.”

Click here to view the full article in Markets Media!