I spent much of the week in San Francisco attending FinovateSpring 2012. Be sure to read my recap of relevant presentations for advisers from Day 1 and Day 2 and watch these videos.
Also, read this month’s Morningstar Advisor column, Client Reports: How Less Can Be More.
Here is this week’s story of interest:
Pinnacle’s Kitces: Virtual firms could leave traditional planners in the dust from InvestmentNews.com
[Two new online companies aiming to deliver financial advice directly to consumers were at Finovate this week: Personal Capital and FutureAdvisor. In his presentation at FPA Retreat 2012 this week, Pinnacle Advisory Group’s Michael Kitces cautioned advisers “should think about eliminating quarterly meetings and written financial plans” and embrace a more dynamic, virtual experience for select clients.] Prepare to dump written financial plans and quarterly meetings, and get ready for a more dynamic world of virtual financial planning, industry commentator Michael Kitces said Monday at the Financial Planning Association retreat in Scottsdale, Ariz.
