Younger, tech-savvy advisers are more successful than their baby boomer counterparts, says one study
So you want to be more successful, right? According to one story in this week’s Bits and Bytes roundup, you need to be more tech savvy.
Being young doesn’t hurt either, but there’s not much you can do about rolling back the clock.
So go order the latest MacBook Air
High-tech solutions to manage less money from SFChronicle.com
[Pulled right from the article, one prospect said “I started as a dashboard client, then they sold me into their wealth management product.” And THAT is the power behind Personal Capital’s free tools. Give them technology that is so useful, up front, for free, and roughly 1 out of 285 will convert to a paying client at 95bps (700 clients, says TechCrunch, and 200,000 total dashboard users).] A growing group of startups is using technology to lower the cost and provide personalized solutions to a less-wealthy demographic. Many are based in the Bay Area, drawing on the region’s engineering and financial talent. Here’s a look at four of them.
Survey: Younger Financial Advisers Tech-Savvy, Successful from NBCBayArea.com
[First, watch the video embedded below. It’s Flash, so tap the link above if you’re viewing this on your iPad/iPhone or inside an email.]
[This story is based on the Fidelity survey that showed younger advisers are managing more AUM then their baby boomer counterparts (see that story at Financial-Planning.com). The good news is one adviser profiled in this story, Martin Weil, is making a commitment to embrace technology in his business. The results? Weil’s business is on a very positive growth curve. Plus, add in some gentle promotion from NerdWallet for good measure.] Is older and wiser always better? When it comes to managing your money, the answer is: Maybe not.
Junxure Cloud is really coming; availability and pricing firmed up from InvestmentNews.com
[Davis Janowski gets an early look at Junxure Cloud, expected to be released to the public this October. Advisers have been very patient waiting for the cloud version of Junxure, and according to Janowski, most will be rewarded for the wait. Since Junxure Cloud doesn’t provide all of the functionality of its desktop counterpart, there may be some barriers to migration for firms that find Junxure Cloud to be missing those two or three specific features they can’t live without. But for advisers seeking a new CRM, Junxure Cloud certainly is an attractive option among the remaining web-based CRMs. Still, pricing is pretty high at $75/user/month, especially compared to Redtail and Grendel, which both charge roughly $65/month for up to 15 users (or $4.33/user/month if all 15 user seats are filled).] Good things take time. That goes for the crafting of software and applications, too. Junxure Cloud is no exception.
