September 3rd, 2010 Bill Winterberg
With a hat tip to Doug Cornelius and his Compliance Building blog, we want to provide a short summary of interesting stories (mostly) in the financial planning technology arena, but the links don’t necessarily warrant a post on their own.
We hope Bits and Bytes will become a regular fixture on FPPad. If you find the information useful, or you’re tired of this kind of junk in your RSS reader and/or inbox, please leave a comment or contact me.
So here are this week’s stories of interest:
Gmail Priority Inbox Finds & Sorts Important Messages Automatically from Lifehacker.com
Google’s new Priority Inbox feature not only sorts your inbox, but it also figures out what’s important based on what messages you reply to and read.
LIMRA And Smarsh Join Forces to Provide Members Email, Text And IM Archiving from BusinessWire.com
Smarsh®, the managed service leader in innovative, secure and reliable email archiving and compliance solutions, and LIMRA, which provides research, consulting, and other services to insurance and financial services companies worldwide, today announced a strategic partnership. The companies will work together to help LIMRA member firms meet their electronic message archiving and compliance needs.
Fidelity wins converts to WealthCentral, but most of its advisors have yet to make the switch from RIABiz.com
After getting off to a slow start in the market, Fidelity Institutional Wealth Services’ technology platform is beginning to catch on with advisory firms.
Introducing the free Fidelity Mobile App for iPad(TM) from Fidelity.com
Fidelity Mobile – our mobile platform to your iPhone®, BlackBerry®, web-enabled phone or other PDA – keeps you in the market and in full control of your trading day. Now available for iPad(TM).
Legent Clearing Selects Black Diamond as Portfolio Management and Performance Reporting Platform from PRNewswire.com
Black Diamond Performance Reporting™ and Legent Clearing announced today a joint program to provide Black Diamond’s industry leading, web-based portfolio management and reporting platform to Legent’s growing list of institutional and retail brokerage firms.
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June 7th, 2010 Bill Winterberg
Two technology vendors that have been featured on FPPad before, ByAllAccounts and Tamarac, today announced a partnership to add ByAllAccounts’ account aggregation capabilities to the Tamarac Advisor® integrated portfolio platform.
Click here to read the press release ByAllAccounts and Tamarac Deliver All-in-one Platform for Financial Advisors to Streamline Operations and Workflow.
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March 12th, 2010 Bill Winterberg
Here’s another follow up to a topic I’ve discussed before on FPPad (Reinvent Your Presentation Style).
Consider what you are trying to accomplish when you deliver a presentation, be it to allied professionals evaluating your firm, potential clients, or guests at a client appreciation event.
Often the most effective way to deliver your message can be accomplished through three simple tips shared by Dan Heath, co-author of Made to Stick.
Click here to view Made to Stick: Giving Presentations, Dan Heath’s three and a half minute video on FastCompany.com
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April 14th, 2009 Bill Winterberg
Yes, posts to FPPad have been sporadic of late, but trust me, work is going on behind the scenes.
In particular, I’ve been working with several individuals on communicating the risks and responsibilities when it comes to using client login credentials (e.g. login and password) to access captive or held-away accounts. As client services continue to expand, advisers are aggregating information on held-away accounts to generate reports that include all of a client’s assets, not just those that are held with the adviser’s custodian of choice.
Last week, I participated on a webinar hosted by ByAllAccounts that addressed the issues of custody when adopting this practice.
Today, Advisor Perspectives has published my article titled The Custody Conundrum. I trust that you will find most of the answers to your questions when it comes to custody and the practice of retaining and using your clients’ account logins.
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April 8th, 2009 Bill Winterberg
Interesting developments have occurred over at Financial Advisor magazine’s online extras this week. First, on April 6, Dr. Somnath Basu wrote an article titled Restoring Trust in the CFP Mark. I encourage you to read it.
While Dr. Basu is correct that the industry needs to do better in its service to clients, he lumps CFP® practitioners together with all financial service professionals, whether they be regulated or not.
So in response, CFP Board CEO Kevin Keller published a response to Dr. Basu titled In Defense of the CFP Mark. Keller clarifies several of Dr. Basu’s misconceptions in his original article and stresses how all advisers must operate with “full accountability and transparency” to clients.
Take a few mintues to read these articles and post comments on FA Magazine’s website.
Update: Now read this post by Dr. David Edward Marcinko at the Medical Executive Post. Dr. Marcinko finishes his comments with this:
And so, why do I shake my fist at Somnath Basu? It’s admittedly with congratulations, and a bit of schadenfreude, because he wrote an article more eloquently than I ever could, and will likely receive much more publicity [good or slings-arrows] for doing so. You know, it’s very true that one is never a prophet in his own tribe. Oh well, Mazel Tov anyway for stating the obvious, Somnath. The financial services industry – and more specifically – the CFP® emperor have no clothes! Duh!
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March 26th, 2009 Bill Winterberg
Posted with QuickPress:As I mentioned earlier this month, I’m training new staff and giving several presentations to professional organizations. As such, blog updating has taken a back seat. I plan to be back in April with insight on TWR performance reporting flaws, custodian captivity concerns involving custom tools, and a review of Smarsh’s recently unveiled CRM.
Until then, you can follow my micro updates on Twitter.
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