Tag Archives: DataPoints

DataPoints® demo: How to incorporate behavioral science tools to help clients meet their goals

Posted on March 19, 2019 by in Live with Bill Winterberg, Technology

Get your special pricing at http://fppad.com/datapoints

An Introduction to DataPoints®

I first met Sarah Stanley Fallaw, Ph.D., founder and president of DataPoints®, in 2016 as the company is based in Atlanta, making it super convenient to connect. As I learned about the financial technology startup’s value proposition of introducing behavioral science tools into the business of financial planners and coaches, I encouraged them to apply to the XY Planning Network’s first fintech competition. While they didn’t win that year’s competition, DataPoints® presented along with five other finalists to XY Planning Network attendees and received immediate feedback from those interested in adopting behavioral science tools.

Behavioral Science Tools

Fast forward to today, as DataPoints® is now in production as software solution designed to help financial planners and coaches add behavioral science to the services they offer to clients. I met with Sarah Fallaw, Ph.D., founder and president of DataPoints®, to learn about her background and how she’s bringing decades of research and industrial psychology principles to the domain of financial services to improve the outcomes of clients and investors.

Watch the demo video embedded above to learn how adopting the DataPoints® tools can facilitate conversations and planning strategies that can help your clients meet their goals.

Win a Copy of The Next Millionaire Next Door

In addition, Sarah and I arranged a giveaway of five copies of the new The Next Millionaire Next Door (<-Amazon affiliate link!) book, co authored by Sarah Stanley Fallaw Ph.D. and her late father Thomas J. Stanley Ph.D. Just hit the like icon and leave a comment below the video on YouTube before March 31, 2019, and I will select five random commenters to receive a free copy of the book. Good luck, and thanks for watching!

0:14 Introduction and Sarah Fallaw’s background
1:50 How Industrial Psychology can be applied to personal finance
4:53 The mission of DataPoints®
7:25 Who DataPoints® works with
9:13 Ways DataPoints® is used by financial coaches and planners
11:52 The Behavioral Science Toolkit
12:22 The DataPoints® software demo
15:07 The DataPoints® dashboard
17:02 DataPoints® Advise and the survey process
19:35 Example of advisor reports
23:10 Additional education resources provided by DataPoints®
23:42 How long does it take to learn how to use DataPoints®?
25:02 The Financial Perspectives assessment
25:38 How reliable are the DataPoints® assessments?
28:12 What additional reference materials are available in DataPoints®
34:11 How assessment insights can facilitate conversations around money and finances
37:16 Example of reports available for clients and customers
39:55 How to connect with DataPoints® and try the software (and get a discount code for FPPad viewers!)
41:03 How to win a copy of The Next Millionaire Next Door book!

Orion Advisor Services Launches Compass: Flash Briefing for March 28, 2018

Posted on March 28, 2018 by in Flash Briefing, Technology

Here are the links to today’s top stories:

Orion Launches Compass, a Revolutionary New Resource to Help Firms Scale Compliance Operations from BusinessWire

DataPoints Launches its Comprehensive Assessment of Psychological Risk Tolerance, The Investor Profile from PRWeb

Conga Acquires Orchestrate from GetConga.com

Disclosure: Bill Winterberg provides consulting services to Orion Advisor Services. Click here to view all conflicts of interest.

Welcome to a new FPPad fintech briefing, Here are the top fintech stories brought to you by Morningstar.

Register today for the 2018 Morningstar Investment Conference and see how they’ve helped lead the investing discussion for 30 years.

Orion Advisor Services Launches Compass App

Orion Advisor Services is in the news once again, as the company announced the launch of a new compliance application for advisers called Compass. The new app includes an Audit Tool that retrieves portfolio and trading information from Orion and formats it in a way that meets common regulatory requests from auditors during an SEC examination, and also a Verify Tool that facilitates anti-money laundering screening with an integrations with LexisNexis® Risk Solutions. These new compliance apps can help advisers recover days of lost productivity when preparing for a compliance exam, according to the company’s press release.

DataPoints Introduces Investor Profile Assessment Tool

In behavioral finance news, DataPoints recently announced the launch of its behavioral assessment tool called Investor Profile. According to a company press release, the Investor Profile assessment gives advisors a scientific way to assess psychological risk tolerance of investors and use a consistent framework to guide clients towards recognizing and correcting for their unique investing behaviors. The Investor Profile measures five unique characteristics, including confidence in investment decision-making, behavior during times of wild market swings, willingness to try new strategies or take new chances, and more.

Conga Acquires Orchestrate

And in industry acquisition news, Conga, a provider of document automation solutions for Salesforce users, announced it has acquired Orchestrate, a workflow automation provider with a focus on financial professionals that use Salesforce in their business. The acquisition will add Orchestrate’s expertise with RIAs and wealth management firms to Conga’s suite of enterprise-grade Intelligent Document Automation solutions. With more on that, here’s Orchestrate President and Co-CTO, Joshua Van Heukelom.

At Orchestrate, our mission is to enable best-of-breed efficiency for firms that are on the Salesforce platform. So we were born out of an RIA, so we know the language, we know the industry, we know what people need. We’ve been in wealth management for a number of years, and so our tools really help solve problems we know these people have.

To watch my full interview with Orchestrate, head over to fppad.com/flashbriefing to get all the links to today’s top stories.

I’m Bill Winterberg, and those are your fintech headlines for today from FPPad.com. Check back in with me later for more fintech news.