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TD Ameritrade Institutional integrates Laser App Anywhere with the Veo® advisor platform

Independent advisers will shuffle less paper with TD Ameritrade Institutional’s latest Laser App integration

In a press release issued today, TD Ameritrade Institutional announced that it integrated Laser App Anywhere, the online document form filling application, to the Veo® advisor platform.

Laser App Anywhere for Independent Advisers

Laser App Anywhere was introduced last year at Laser App’s industry conference, but the solution was targeted to the document processing needs of broker-dealers. Independent advisers who custody with the leading financial institutions still had to use Laser App’s desktop application to streamline form filling.

TD Ameritrade Institutional’s Laser App Anywhere integration changes all that, and now brings Laser App Anywhere to independent advisers.

“Using the valuable integrations TD Ameritrade Institutional has built with Laser App Anywhere and Veo, advisers can spend less time processing paperwork manually and realize cost savings and increased productivity,” said Robert Powell, vice president of sales and marketing at Laser App, in the press release.

End-to-End Paperless Process

TD Ameritrade Institutional’s Veo platform has also supported DocuSign integration for some time, but that offering didn’t solve advisers’ need for true end-to-end paperless processing. Now with the addition of Laser App Anywhere, forms can first be prepopulated online using client data stored in the Veo platform, then routed to clients for electronic signature directly through DocuSign.

“The integration of Laser App Anywhere’s web-based technology with DocuSign further enhances the account opening process and supports TD Ameritrade Institutional’s larger effort to streamline workflows and provide better integrations between the technologies advisors use every day,” said  Jon Patullo, managing director of technology product management, TD Ameritrade Institutional.

For all the details of the integration announcement, read the official press release.

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FPPad Bits and Bytes for August 16

On this week’s broadcast, Fidelity shows what Google Glass might do to change wealth management, a startup looks to tame the onslaught of digital statements, controversy over GMail’s privacy policy, and more.

(Watch on YouTube) This week’s edition of Bits and Bytes is brought to you by Orion Advisor Services, the nation’s largest privately held portfolio accounting service bureau.

Orion Advisor Services

Providing full-service data reconciliation, advisory fee billing, Salesforce integration, mobile apps and more, Orion believes it’s time for you to enjoy your business again.

Visit fppad.com/orion for more information.

Fidelity Market Monitor for Glass from Fidelity Labs

[First up this week is news from Fidelity Labs which just developed, oh wait, I just got a stock alert from my glasses. Right! Fidelity Labs developed an app for Google Glass, Google’s entry into the wearable computing market. Using the app, anyone donning Google’s controversial glasses can log in to their Fidelity account with voice authentication, get real time quotes by taking a picture of a company logo, and receive trading alerts. While the app is a glimpse of the not-too-distant future of mobile computing, I would not be surprised to see many of the quote and news-related updates provided by default in the Google Glass operating system. Still, the ability to perform account-related functions without having to hold a device in your hand can prove to be very popular, especially as wearable computing devices mature and become more socially acceptable.] Fidelity Labs is participating in a Google early developer program, and is working with a prototype of Google Glass to better understand the technology and how it may benefit our customers.

FileThis Fetch iPhone app available from FileThis

[Next up is news from a start-up in California called FileThis, which is new to my radar. Many of you are slowly making the transition to a paperless office, but you also should recognize how you can help clients make the transition to a paperless home. Nearly all of the major financial institutions provide statements we can download, but with ten or twenty accounts spread across banks, credit cards, and investments, it can easily take hours on the weekend to download and organize everything. This is where FileThis comes in. This week, FileThis released a free app for iPhone and iPad called FileThis Fetch. Within a few minutes of creating a free account, users connect their financial accounts and FileThis will automatically Fetch electronic statements and PDF files, and then route them to the user’s destination of choice, including Evernote, Dropbox, Personal, and Google Drive. Six connections are available for free, and users can purchase up to 30 connections for just $5 a month.] FileThis, a Marin, California-based startup, today announced the availability of an iPhone app for its award-winning FileThis Fetch service that lets consumers go paperless

No, Google did not say that there is no privacy in Gmail from TheNextWeb.com

[In online privacy news, Google’s GMail service made headlines this week as the company’s lawyers cited case law where, now I’m summarizing here, users of web-based email services cannot have a legitimate expectation of privacy when voluntarily turning over information to third parties. Websites like Consumer Watchdog and Gizmodo crafted pretty sensational headlines this week, making it sound as if Google had all but given up on protecting users’ privacy when they use the company’s free GMail service. But that’s not entirely true. Josh Ong at The Next Web helped clarify what Google’s lawyers actually said, and pointed out how their quote was taken out of context and blown out of proportion. But as an advisor, you should be concerned about how much information you volunteer to third party services, and would be well served by using business-class providers that have clear and explicit privacy policies. This means using email from Google Apps for Business, Redtail Email, Smarsh, and many more.] Earlier on Tuesday, Google was quoted by Consumer Watchdog, RT.com (Russia Today) and Gizmodo as having argued in a legal motion that customers have “no legitimate expectation of privacy”, but the quote has been taken out of context.

Video Creation 101 for Advisors – Join the Webinar! from Advisor Websites

[And finally, if this is the first Bits and Bytes broadcast you’ve watched, or you caught all three, you might be inspired to start your own broadcast to raise your own online profile or communicate with clients in new ways. If so, you’re in luck, because I’m teaming up with Advisor Websites to broadcast a free webinar about Video 101 for Financial Advisors. So clear your calendar for Tuesday, August 27th at 2pm Eastern, 11am Pacific, and sign up for this free webinar.] Advisor Websites is thrilled to announce that we’ll be presenting a brand new, action-packed webinar with our friend and trusted financial technology expert, Bill Winterberg! Join us as we present a comprehensive and simplified explanation designed to help you begin creating and sharing video content online.

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FPPad Bits and Bytes for August 9

I spent all day Thursday traveling out and back to Minnesota, but I still managed to find time to write and produce this week’s episode of Bits and Bytes (click to watch on YouTube).

First, a word from this week’s sponsor. Without their support, Bits and Bytes wouldn’t be possible!

Today’s Bits and Bytes is brought to you by the 2013 T3 Enterprise Conference, exclusively designed for the technology needs of broker-dealers and financial enterprises. Mark your calendar for November 3rd through 5th in Chicago, and register today at www.t3enterpriseconference.com

Here are this week’s stories of interest:

Find your lost phone with Android Device Manager from the Android official blog

[This week’s lead story is for all of you Android users out there. Now there’s one less reason to be jealous of your fellow iPhone owners. Late last week, Google announced that it will be introducing an app called Android Device Manager later this month for all users of Android version 2.2 and higher, which pretty much means 98% of all the Android devices on the market. Now iPhone and iPad users have been able to track, lock, and even remotely wipe the contents of their devices since 2010 using Apple’s Find My iPhone app, and Windows phone and Blackberry users have also had remote device management apps of their own for some time. Finally, this long-overdue app from Google will especially be useful for those of you using Android devices, because you can now have better remote administration of lost or stolen devices that may contain personal or client information.] Have you ever lost your phone in between the couch cushions or forgot it in a restaurant? Or maybe searching for your phone before you rush out the door is part of your morning routine? Later this month, the new Android Device Manager can help you out. It’s one of a few simple features you can use to keep your device—and the data you store inside—safe and secure.

Mobile Portfolio Management Gets Easier from Morningstar.com

[Speaking of mobile devices, huge numbers of financial advisers are using mobile devices to stay connected and get work done while on the road. But one of the areas with significant room for improvement is the use of mobile devices to check client portfolios, especially for clients with accounts at multiple custodians. All of the major custodians have mobile apps you can use to check on client accounts, but those only work for clients who hold all their assets with one institution. Fortunately, third party portfolio management software providers have their own apps advisors can use to review all of their clients’ holdings, regardless of where they are held. Two and a half years ago, Orion Advisor Services was one of the first to debut a mobile app for advisors, and just last month they updated their app with a cleaner, sleeker version advisers should find more user friendly. And another provider to watch is AssetBook, which launched its own app for advisors, also about a month ago. Details of what you’ll find in each mobile app are in this month’s column for Morningstar Advisor.] One of the first mobile portfolio management apps for advisors gets an update, while an under-the-“radar” provider debuts its own native app.

Laserfiche Announces Integration with DocuSign eSignature Platform from MarketWire.com

[Now for some news in the document management arena. It’s pretty to easy to scan paper documents or save PDF files to a document management system, but applying client signatures to those documents has always been a challenge. Often the easiest thing to do is to just print out a document, have a client sign it, and then rescan it back into the system. It gets the job done, but it’s not really efficient, and that means it costs you money. Fortunately, Laserfiche, the enterprise content management provider, announced this week that their solution now integrates with DocuSign, one of the leading electronic signature providers. And remember, custodians such as TD Ameritrade Institutional, Fidelity Institutional Wealth Services, and Pershing, as well as broker-dealers like Cambridge and LPL accept documents signed using DocuSign, with just a few exceptions. So this development is welcome news for all advisors seeking a true end-to-end paperless solution for processing client forms that require signatures.] Laserfiche today announced an integration with DocuSign, The Global Standard for eSignature®, to further enhance the value of the company’s industry-leading enterprise content management (ECM) solution with secure electronic signature.

Six tech tools that help you improve your writing output here at FPPad.com

[Wrapping up this week’s update is an article from Susan Weiner on six technology tools you can use to boost your writing output. Susan is the author of a brand new book titled Financial Blogging: How to Write Powerful Posts That Attract Clients, and this week she shared her best technology tips on FPPad for all of you looking to build your online profile with effective blog posts.] Writing is a cerebral art, but sometimes technology helps. I’ve found six tools that can boost the quality and productivity of your writing. They play the roles of idea generator, disciplinarian, transcriptionist, enforcer, and mistake revealer.

And if you want to read the best material in financial planning knowledge and information over the weekend, click or tap the button below to head over to Michael Kitces’ Nerd’s Eye View blog and see the latest in Weekend Reading.

Click to view Weekend Reading at Kitces.com

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6 tech tools that help you improve your writing output

Bill’s note: Despite the success of YouTube, Pinterest, and Flickr, content on the Internet is still overwhelmingly dominated by text. If your writing isn’t up to snuff, you have little chance to stand out from the crowd. In this post from Susan Weiner, my go-to resource when I need a second opinion on my own written copy, she highlights six tech tools you can use to improve the quality of your writing. The only one I knew about was Dragon NaturallySpeaking, so you’re sure to learn something new here, too!

Writing is a cerebral art, but sometimes technology helps. I’ve found six tools that can boost the quality and productivity of your writing. They play the roles of idea generator, disciplinarian, transcriptionist, enforcer, and mistake revealer.

1. Idea generator: Ubersuggest

If you have a broad subject area, but need to find a narrow slice for an article or blog post, try Ubersuggest.org. While the website’s goal is to suggest keywords for search engine optimization, it can also generate ideas for topics to write about.

Susan Weiner of InvestmentWriting.com: With dictation software, "you can boost your productivity by capturing your blog post ideas or full-fledged posts when inspiration strikes."

Susan Weiner of InvestmentWriting.com: With dictation software, “you can boost your productivity by capturing your blog post ideas or full-fledged posts when inspiration strikes.”

You can boost your productivity by capturing your blog post ideas or full-fledged posts when inspiration strikes.

Say you write about 401(k) plans. Enter “401k” in the box at the top, hit “Suggest,” and you’ll get more than 200 suggestions for keywords combining 401k plus one or more additional words, sorted by the initial letter of the additional word. For example, under “401k + b,” you’ll snare ideas such as writing about benefits, beneficiary, balance by age, basics, borrowing, borrow home purchase, balance, and before or after taxes. By the way, I know I should type 401(k) with parentheses to be correct, but that’s not how people search on the Internet, so I bowed to reality in my data entry.

Even if your term is less financially focused than “401k,” you may still discover ideas. If you manage money mainly for doctors, you might find inspiration in terms such as doctors in training, doctors day, doctors average salary, doctors going broke, or doctors quitting.

2. Disciplinarian: WriteOrDie

“I can’t make myself write.” This is one of my blog readers’ and blogging class students’ most frequent complaints. If you quickly get distracted after starting to type on your computer, WriteOrDie can help. When you open the free web application (or paid desktop or iPad versions), you commit to write nonstop for a set number of minutes into a text box. If you stop, there are consequences. For example, in Normal Mode, “If you persistently avoid writing, you will be played a most unpleasant sound. The sound will stop if and only if you continue to write.” If you use this app, be sure to copy-paste what you write out of the text box to save it.

By the way, there are kinder, gentler disciplinarians. I’ve blogged about one of them in “How to succeed with your New Year’s resolution to blog more.” I learned about two more options– 750words.com and Typetrigger.com–from Atlanta-based advisor Russ Thornton.

3. Transcriptionist: Dragon NaturallySpeaking

Sometimes your ideas flow smoothly, but you’re not at an easy-to-use keyboard. Dragon NaturallySpeaking, or another tool that types your spoken words into a file, can help. You can boost your productivity by capturing your blog post ideas or full-fledged posts when inspiration strikes. Bill has discussed other transcription options in posts such as his interview with Corey Westphal of Mobile Assistant.

 

Writing can be challenging, so take advantage of tools that can help you address your weaknesses.

 

4. Enforcer: Readability index calculator

The readability index calculator helps you to assess how hard your readers will find it to understand your text. It calculates your text’s grade level. The lower the grade level, the easier your piece is to read. It’s widely believed that the average American can read and comprehend quickly at an eighth-grade level.

To measure your grade level, copy-paste your text into the box and then hit the “calculate score” button. Sure, you could calculate the number using your word processor’s readability statistics, but that’s clunky, especially if you didn’t create your text there. Please note: if your copy-paste eliminates paragraph breaks, the calculator will unfairly raise your grade level.

If your text comes in at a high grade, you can probably lower it by using plain English and shortening your sentences and paragraphs.

5. Mistake revealer #1: Adobe Acrobat Pro

I like to read my text out loud because the spell checkers in word-processing software don’t go far enough in catching errors. For example, they can’t tell you when you’ve typed “portfolio manger” without a vital “a” instead of “portfolio manager.”

Don’t like the sound of your voice? If you own Adobe Acrobat Pro, you can get it to read your text out loud for you as you follow along onscreen. It’s amazing how this frees your brain to catch typos, even words that sound alike, such as “who’s” and “whose.” I’ve discussed this technique in more detail in “Why I love Adobe Acrobat Pro for proofreading.”

6. Mistake revealer #2: Online Consistency Checker or PerfectIt

This tool is for folks who are compulsive about punctuation. The free Online Consistency Checker and its paid cousin, PerfectIt, uncover inconsistencies in the punctuation and usage of your document. PerfectIt is an add-in that runs on PCs using Microsoft Word.

The Online Consistency Checker is a bit more sophisticated than Microsoft Word in its approach to typos. When I used it on this blog post, I saw the following message: “These words are frequently misspelled, so please check: ‘manger’ appears. Did you mean ‘manager’?” I also like how these tools find my inconsistent use of hyphens with terms such as “euro zone” vs. “euro-zone.”

The advantage of the paid PerfectIt software is that it finds more errors than the Online Consistency Checker and it can also correct them. It’s also much better than Microsoft Word at helping me eliminate excess spaces, which are a big problem when I extensively edit documents. It has a handy “Convert two spaces to one” feature. PerfectIt also lets me customize my style preferences.

Which tool will you try?

Writing can be challenging, so take advantage of tools that can help you address your weaknesses. Which tool will you try? Or can you suggest a tech tool that helps you write? Please comment.

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FPPad Bits and Bytes for August 2

It’s here! Bits and Bytes has gone video.

I’m now delivering the week’s best technology bits for financial advisers in a video broadcast you can bite into anytime you like (oh yes, I just did that).

This week’s edition of Bits and Bytes is brought to you by Redtail Technology, providers of cloud-based CRM for financial professionals since 2003.

Redtail Technology

Check out their popular advisor solutions and sign up for a 30-day free trial. Visit fppad.com/redtail for more information.

(Watch on YouTube). But still, those with short attention spans or aficionados of the written word can get this week’s stories of interest in their full-text glory below.

Like it? Hate it? Let me know!

Like the new format? Hate it? Don’t care for it? Be honest, and let me know by contacting me.

Tech reporter Davis Janowski leaving InvestmentNews to become editor for WealthFront, via Davis’ Twitter feed

[In this week’s lead story, venerable technology reporter Davis Janowski announced this week that he will be leaving his position as tech reporter at InvestmentNews to assume the editor role over at WealthFront. Most of you should recognize WealthFront from a number of past articles about online financial advice platforms and so called “robo-adviser” platforms. For as long as I can remember, Davis has been a solid journalist covering technology for financial advisers and inspired me to launch FPPad back in the day. So Davis, thanks for all your work and passion, and I look forward to what you have in store for advisers with your new role at WealthFront.]

 

USB flash drives masquerading as keyboards mean more BYOD security headaches from ZDNet.com

[In my Defending Against Phishing, Hacking, and Spoofing Attacks presentation, this is one of the attacks I talk about under social engineering. See, hackers drop these little USB flash drives in business parking lots, labeled with enticing messages like “personal and confidential” or “2012 tax returns.” They hope than an unsuspecting employee will pick it up and plug it in to their corporate computer, which unbeknownst to the employee unleashes all kinds of malware and spyware inside the corporate firewall. The best defense against this tactic: train everyone in your organization not to use USB drives from unknown sources. The risk of stumbling on a rogue device is just too great.] You should be already aware of the data theft risks that USB flash drives pose to your company – even a seemingly lowly 2GB drive can hold a lot of precious data – but a new threat has emerged which makes them even more dangerous.

inStream Hires Professor Dr. Wade Pfau to lead Financial Planning Research from inStreamWealth.com

[inStream, the provider of free web-based financial planning, strike that, practice management software, just beefed up its chops in the retirement planning area by hiring Dr. Wade Pfau to lead its Financial Planning Research division. Pfau is the Professor of Retirement Income for the American College and has authored a number of influential papers on retirement research. Clearly, advisers looking to serve the needs of their retiring clients want access to the leading research on retirement planning, and Pfau’s connection with inStream will likely raise the company’s profile on most advisers’ radar. A final note: inStream is an advertiser on FPPad and helps support content production just like this.] inStream Solutions (“inStream”) announced today that American College Professor of Retirement Income Dr. Wade Pfau has joined the firm to lead Financial Planning Research.

Orion Advisor Services Enhances Integrated Performance Reporting Capabilities from MarketWatch.com

[Orion Advisor Services is well-known for its hosted portfolio management software and reconciliation service bureau. One issue with many of these services is that the reports themselves might not be exactly what advisers are looking for and want to present to their clients. Some advisers turn to third-party providers like MorningStar or AdvisoryWorld for more attractive reports that better convey information advisers want to put in front of clients. Well this week, Orion announced that its Report Builder solution now integrates with AdvisoryWorld, so advisers can pull in components like risk analytics, Modern Portfolio Theory statistics, and diversification and overlap analysis directly from AdvisoryWorld, but be able to match the font size and look and feel of standard Orion reports. If you’re one of the hundreds of Orion users, check out the updated Report Builder and see how you can enhance your reports with the latest AdvisoryWorld integration.] Orion Advisor Services, LLC, a premier portfolio accounting service provider, is delivering more robust performance reporting capabilities to its advisor clients through expanded integrations with AdvisoryWorld, a leading provider of customizable portfolio analytics and investment planning applications to the financial services market and PIEtech’s MoneyGuidePro, the leading goal-based financial planning software for financial advisors.

BlazePortfolio Completes Integration with Black Diamond from BlazePortfolio.com

[For rebalancing software, advisers are pretty familiar with Envestnet|Tamarac, TD Ameritrade Institutional’s iRebal, and Total Rebalance Expert. One of the programs not on most advisers’ radar is Atom Align from Blaze Portfolio. This week, the folks at Blaze Portfolio announced that their solution, Atom Align, is now integrated with Advent’s Black Diamond portfolio management software. So if you’re a Black Diamond user and don’t have rebalancing software, you have one more option to consider to increase your efficiency when rebalancing client accounts.] BlazePortfolio is excited to complete its integration with Black Diamond.  The BlazePortfolio and Black Diamond integrated solution offers Investment Advisors the opportunity to utilize both platforms for their back office systems.

LinkedIn Company Pages Add Analytics from Mashable.com

[If you’re like me, you work hard to build your brand and build your profile through a number of social media websites. So a big part of measuring your success for the time you spend on social media is the ability to get metrics and real data behind your social media activity. Mashable reported on Wednesday that LinkedIn is now offering analytics for Company Pages set up on the site, so if your firm has a Company Page, go sign in and look for the new analytics tab in your menu.] LinkedIn added analytic support to Company Pages Wednesday, giving businesses the opportunity to track how content shared on LinkedIn performs.

And if you want to read the best material in financial planning knowledge and information over the weekend, click or tap the button below to head over to Michael Kitces’ Nerd’s Eye View blog and see the latest in Weekend Reading.

Click to view Weekend Reading at Kitces.com

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How financial advisers can monitor their online reputation

Financial advisers need to monitor their reputation online

Financial advisers need to monitor their brand and reputation online

Financial advisers who don’t monitor their brand or name risk having a poor online reputation

Like it or not, people can say anything about their financial adviser on the Internet.

The Internet has never been a place where people filter what they say about others, and now there are even websites specifically designed to rate, for good or for bad, financial advisers.

What Are They Saying About You?

Websites like RateFA.com, Paladin Registry, and myfinancialadvice.com all solicit consumers to provide feedback on their interactions with financial advisers.

Beyond those sites, people often take to Facebook, Twitter, and LinkedIn to voice their opinion on their financial adviser’s objective and subjective qualities.

 

If you can’t measure it, you can’t manage it. – Peter Drucker

You Can’t Manage What You Don’t Measure

One frequently cited statement from Peter Drucker is “If you can’t measure it, you can’t manage it.”

That holds true for all types of business metrics, including your online reputation.

If you’re not monitoring (and measuring) what people are saying about you on the Internet, how do you expect to manage your reputation?

Better Than Google Analytics

I cover one excellent tool for monitoring what people are saying about you online, and it’s way better than using Google Analytics to search for your name or your business.

Go read Monitor Your Online Reputation, my Morningstar Advisor Quickview post for this month to find out what tool it is.

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FPPad Bits and Bytes for July 26

Denver Airport

I’m in Denver today presenting at the WealthCounsel Planning for the Generations conference (look for conference tweets with #p4g2013), so I juggled intermittent GoGo inflight WiFi on my Delta flight to add several last-minute articles from Thursday.

Here are this week’s stories of interest:

Advisory firm invites clients, others to ‘hang’ in high-tech office from InvestmentNews.com

[Oxygen Financial is really stirring the pot in a good way. The opening of a new retail-based storefront in a high-traffic area of Atlanta (Buckhead, specifically) is an experiment by the progressive financial advisory firm, but one that has a very good chance of paying off in a big way. The new office is literally 10 minutes from FPPad headquarters, so I hope to visit soon and film some video for you and post it in a few weeks.] Oxygen Financial Inc. opened a second office in Atlanta today, aimed at helping meet the needs of time-starved young investors.

Bloomberg Is Liquidating Its New Wealth Management Business from BusinessInsider.com

[Well that was quick. BloombergBlack only just announced it’s shutting down its entry into the online financial advice arena. The good news: You don’t have to persuade clients against moving to a $100-$500/month online service. The bad news: If Bloomberg can’t figure out how to make the economics of an online financial advice platform work (see BloombergBlack Review: This Is Not The Disruptor You’re Looking For from I heart Wall Street), who can?] Bloomberg LLP is liquidating its wealth management business, BloombergBlack affecting 30-40 employees that could return to the company or be laid off permanently, according to sources close the situation.

10 Things You Need To Know About Google’s New Chromecast from ReadWrite.com

[Hey, did you hear that Google is now selling this USB-thumb-drive-sized device to plug in to your HDMI TV and stream videos, all for $35? This ReadWrite article covers lots of the consumer benefits of streaming video content, but here’s your takeaway. You can buy this, plug it in to your flat screen TVs in your office, and beam what’s in your Chrome browser directly to your big screen. Now you CAN’T completely mirror your mobile device, which a minority of advisers have already been doing with with the $99 AppleTV and an iPhone or iPad (I love my AppleTV!). Google’s Chromecast opens up video streaming to a lot more mobile devices, but I still think the AppleTV and iOS device combo is the go-to mirroring system for advisers.] Google’s push for the living room got a fuel injection yesterday when the company revealed its Chromecast streaming stick.

And if you want to read the best material in financial planning knowledge and information over the weekend, click or tap the button below to head over to Michael Kitces’ Nerd’s Eye View blog and see the latest in Weekend Reading.

Click to view Weekend Reading at Kitces.com

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Advisers want help identifying software integration; look for the logo, says TD Ameritrade Institutional

TD Ameritrade Institutional will help advisers identify software integration with a new “Veo Integrated” logo

Financial advisers all want one thing: more integration of the software tools they use.

But finding out if one software program integrates with another, let alone the quality of the integration, is difficult at best.

The ‘Veo Integrated’ logo recognizes the innovation, collaboration and commitment to RIAs shown by firms that have contributed to the success of the Veo open access initiative.

TD Ameritrade Institutional believes it has an answer to advisers’ integration dilemma: a logo.

Want integration between your software tools? Look for the logo says TD Ameritrade Institutional

Want integration between your software tools? Look for the “Veo Integrated” logo, says TD Ameritrade Institutional

In a press release issued today, TD Ameritrade Institutional is launching a new “Veo Integrated” logo to raise awareness of the company’s relationships with third-party solution providers through the Veo open access initiative.

Recognize Innovation

“TD Ameritrade Institutional is working with a growing network of technology providers to improve the technology experience for RIAs by integrating common advisor applications with our Veo system,” said Jon Patullo, managing director of technology, TD Ameritrade Institutional, in the press release.

“The ‘Veo Integrated’ logo recognizes the innovation, collaboration and commitment to RIAs shown by firms that have contributed to the success of the Veo open access initiative,” added Patullo.

Veo Integration Analyzer

TD Ameritrade Institutional also reiterated the presence of the Veo Integration Analyzer™, a web-based tool available to advisers who custody assets with the company. Veo Integration Analyzer is designed to highlight levels of integration between advisers’ existing applications or applications they may be considering for purchase.

Last year I stopped by TD Ameritrade Institutional’s headquarters in Ft. Worth to get a demo of the Veo Integration Analyzer from Chris Valleley, Director of Technology Solutions for TD Ameritrade Institutional. See the demo below (or click here to watch on YouTube).

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FPPad Bits and Bytes for July 19

storm

Another day, another rain storm in the Atlanta metro. Need some water? We have plenty!

While most of the country has baked under oppressive heat and humidity, Atlanta’s temperatures didn’t get above 90 degrees in all of 2013 until Wednesday this week! “Hotlanta?”

Summer is half over, so you have roughly six more weeks before the activity in your office picks up again as clients return from vacation. What have you accomplished so far for your technology goals of the year?

Here are this week’s top stories:

Banks that offer money management tools may have advantage over startups and software companies from PRNewswire.com

[I must admit, I am shocked by this research! Banks have an edge over companies like Mint and Personal Capital when it comes to likelihood to take action and trust? Ok, trust I can believe, since a “big” bank with brick and mortar assets has a tangible component to it, while online finance websites have nothing but a virtual storefront. But likelihood to take action? I would have guessed that Mint, Personal Capital, HelloWallet and others would certainly convert many more visitors to use their tools compared with the spartan tools of a big bank. I’m flat out wrong, according to this Change Sciences Group study.] Today leading web researchers Change Sciences Group (www.changesciences.com) released new research showing that banks may have an advantage over startups and software companies like Mint when it comes to providing financial tools which help consumers take control of their finances online.

YCharts: Bloomberg for the rest of us? from InvestmentNews.com

[If you are copying and pasting charts from Yahoo! Finance into your client reports, I think you are making a mistake. Here’s an affordable alternative from YCharts that let’s you scan over 17,000 equities and sort by over 3,000 individual metrics to create the charts of your dreams. At $199/month (plus 20% off if you buy a full year), it’s significantly cheaper than the competition from Bloomberg.] When it comes to getting real-time or near-real-time stock or other equity data there are two ends of the spectrum.

Hear That? It’s Your Financial Adviser Tweeting from the New York Times

[Financial institutions just don’t get it. Canned tweets don’t work. If you’re an adviser, I don’t think your audience really cares that much about random facts on Federal holidays. What I think they (your audience) DO care about is information that helps solve their problems or helps them learn something new they can actually use. And guess what? You can’t provide that level of value with prescreened, canned tweets from Hearsay Social, Socialware, Actiance, or anyone else providing scripted content.] Judging by his Facebook page, it would seem that Jeffrey E. Blum experienced a surge of patriotic inspiration around July 4. Mr. Blum, a financial adviser, posted no fewer than 12 updates with good wishes and trivia about the holiday.

Arbor Point Fills Gap for Independent Advisors from Businesswire.com

[First there was Pinnacle Advisory Solutions, an outsourced investment management program and back office solution provider designed to lighten the management load of the average RIA firm. Now Securities America has partnered with Orion Advisor Services to launch Arbor Point Advisors, an SEC-registered corporate RIA with no allegiance to any one custodian. Much of the software available today allows RIAs to be custodian agnostic, but now advisors can also benefit from regulatory registration and compliance support that I assume will be provided in some fashion by Arbor Point Advisors.] Arbor Point Advisors LLC, a new SEC registered investment advisory firm, intends to fill the gap for advisors seeking the freedom of the independent advisory model and a choice of custodians without the need to form their own registered investment advisory firm.

And if you want to read the best material in financial planning knowledge and information over the weekend, click or tap the button below to head over to Michael Kitces’ Nerd’s Eye View blog and see the latest in Weekend Reading.

Click to view Weekend Reading at Kitces.com

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The Adviser’s Mobile World videocast: Watch the replay now

Technology available today allows you to decide when and where you want to work. Resources such as the cloud, integrated apps, and powerful mobile devices really do allow you to become the mobile adviser.

In this broadcast, I joined advisers Blair duQuesnay and Sunit Bhalla along with moderator Davis Janowski to cover all things mobile for financial advisers.

Just click the play button below to watch the live videocast of The Adviser’s Mobile World, hosted by InvestmentNews.

(click to watch on YouTube)

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