Louis Diamond Quoted – By Oisin Breen, RIABiz – Mike Sha has found a sweet spot for his robo-advisor software — two wirehouses that needed a quick entree into automated wealth management services serving mass-affluent millennials.
By Howard Diamond – It seems easier than ever to communicate with others: The Internet, smartphones, texting and social media, each at the ready to comment, share and respond. Yet for all of the communicating that we do, real “conversation” seems to be a less frequent occurrence. Pile on the barrage of headlines and rhetoric – especially those we’ve been seeing regarding the elections and the DoL rule – and people tend to react rather than engage with one another. So it was refreshing to attend Schwab IMPACT a few weeks back.
By Barbara Herman – The robo advisor phenomenon is clearly gaining momentum across the industry, from the major brokerage firms and banks to standalone RIAs. As this new technology-driven model is becoming more prevalent, advisors are beginning to question the impact of the new trend on their ability to grow, to service clients and to remain competitive.
Louis Diamond Quoted – By Todd C. Frankel, The Washington Post – Please don’t call them robo-advisers. “That’s obviously a derogatory term,” says Adam Nash, president of Wealthfront.
