Tag Archives: Franklin Tsung

FPPad Bits and Bytes for February 21

On today’s broadcast, why did Microsoft rebrand several of its services, and how might it change the tools that you use, how one large RIA’s technology change created a time savings of over 40%, and a new collaboration hopes to eliminate concerns over support for one Salesforce overlay provider.

So get ready, FPPad Bits and Bytes begins now!

(Watch FPPad Bits and Bytes on YouTube)

This week’s episode of Bits and Bytes is brought to you by Total Rebalance Expert, the industry’s largest, privately owned portfolio rebalancing software provider.

Total Rebalance Expert

Fresh off its acquisition of PowerAdvisor, TRX offers advisors tax-efficient rebalancing, an easy to use interface, and more, all at an affordable price. Learn how you can gain a half a million dollar return on your technology investment by downloading their latest white paper at fppad.com/trx

Here are this week’s top stories:

Microsoft launches Office Online in battle with Google Drive from TheVerge.com,

Microsoft SkyDrive Morphs Into OneDrive, Bringing New Features from Mashable, and

Microsoft and DocuSign announce strategic partnership to bring eSignature to Office 365 customers from Microsoft

[Now occasionally I get feedback that I don’t pay enough attention to Microsoft, so Mike, this week’s lead story is just for you! The world’s largest software company just announced the rebranding of several of its product lines, beginning with its free web-based versions of Word, PowerPoint, and Excel, formerly known as Office Web Apps.

The company acknowledged that using the word ‘apps’ led to some confusion among its customers, as many assumed that native Office apps for iOS and Android were available, so now Microsoft is referring to the web-based tools as Office Online. While this move hopefully will clear up confusion over the different versions of Office available, no new features were released to coincide with the rebranding. Office Online will continue to store files in the cloud, which leads me to the second story about Microsoft.

Microsoft’s answer to online storage services like Dropbox, Box, and Google Drive has been SkyDrive, but this week the company rebranded SkyDrive to OneDrive, due to a legal dispute over the use of the word ‘Sky.’ Unlike the Office Online name change, OneDrive’s launch DID come with a series of new features.

OneDrive users can now automatically upload photos from their Android devices, which previously was only supported on iOS and Windows Phone. Online collaboration has also improved, as real-time editing in Office 365 documents is now done character by character. And subscriptions to OneDrive are now available on a monthly basis in addition to the annual subscription previously required under SkyDrive.

And rounding out the Microsoft trifecta this week, the company announced that eSignature support will be coming to Office 365 users through a new partnership with DocuSign. Expected to roll out in March, Office 365 users will be able to submit and sign documents using DocuSign without leaving their Microsoft applications. So if you use Microsoft documents for your internal client agreements and disclosure materials, the DocuSign integration should help you further streamline the e-signature process as you complete the on boarding of new clients.]

How a $5 billion RIA’s Laserfiche conversion generated time savings of 40% from FPPad

[Next up is a fascinating case study from a large RIA about its search for a robust electronic document management solution. At last week’s T3 conference, Jim Anderson of CLS Investments highlighted the firm’s approach to converting from IBM FileNet, its legacy content management system, over to a new implementation with Laserfiche. The RIA, which manages more than $5 billion in assets, migrated over 1.5 million documents into Laserfiche, and Anderson estimated that in the first year alone, the firm has realized a time savings of roughly 40%.

There’s a lot more to the story, including a time Anderson said everyone acted as if their hair was on fire, so be sure to get the link to read all the details.] One $5 billion RIA converted 1.5 million documents to Laserfiche in less than a year, saving the company 40% of its collective time

AppCrown Collaborates With a Global Services Major to Help Market, Deliver and Support Their Integrated Financial Services Platform in Banking and Wealth Management from PRWeb

[And finally, many of you who use Salesforce for your CRM might be familiar with AppCrown, the financial services technology provider built on the Salesforce.com platform. In prior years, AppCrown received criticism for failing to provide adequate support to its users who were implementing Salesforce in their business.

So to beef up its support, AppCrown just announced a new collaboration with Mphasis, a global service and solution provider owned by HP. It remains to be seen how the collaboration with Mphasis will improve AppCrown’s support of its financial advisor users, but if concerns about support have stalled your implementation plans, it might be time to reconsider whether AppCrown’s version of Salesforce could be a potential solution for you.] AppCrown, the leading provider for cloud based financial systems across CRM, Banking & Wealth Management, today announced its intent to partner with Mphasis.

 

Watch FPPad Bits and Bytes for February 21, 2014

Watch FPPad Bits and Bytes for February 21, 2014

FPPad Bits and Bytes for February 22

The Mobile Adviser, debuting at FPA Business Solutions 2013, March 7-9, Chicago

The Mobile Adviser, debuting at FPA Business Solutions 2013, March 7-9, Chicago

My latest slide deck is finally complete. It’s titled The Mobile Adviser: Everything financial advisers need to know to be safe, connected, and productive in the Mobile Age.

I’m debuting The Mobile Adviser at FPA Business Solutions 2013 in Chicago on March 7-9, so register for the conference here to be among the first to see it.

Here are this week’s stories of interest:

HiddenLevers Launches Portfolio Stress Testing App to Help Advisors Generate Leads from MarketWire.com

[Highlighted in my update from T3 (see: T3 2013: Top technology to put on your radar), HiddenLevers officially announced their lead generation add-on component to portfolio stress testing. Check out http://rca-online.com/ and click the button on the right-hand column to see this in action. I think it’s a great feature.] HiddenLevers, the portfolio stress testing toolkit of choice for RIAs, Private Wealth and Family Offices, launches a lead-gen application to help Advisors promote their portfolio stress testing capabilities.

Which Portfolio Rebalancing Software is Right for You? from WMToday

[Craig Iskowitz, Managing Director and founder of Ezra Group, has been a part of the financial planning technology blogosphere since February 2009, but I only just encountered his content. If you’re not following Craig (@CraigIskowitz on Twitter) or subscribing to his content, consider doing so. Craig also attended T3 last week and provides a great two-part recap of the rebalancing software panel discussion. If you’re in the market for rebalancing software or want to see how yours compares with new entrants in the market, Craig’s coverage is a must read.] This is a summary of panel discussion from the Tools and Technology Today (T3) Conference that took place February 11-13, 2013 in Miami, FL.

Your Tweets Are More Important Than Your Résumé from BusinessInsider.com

[I’m branching out a bit here with an interesting take on the résumé of the future. Here’s a company that isn’t taking traditional résumés for a job opening (granted, they’re hiring a “six-figure senior social media position”), but rather considering social metrics like Klout score, active Twitter followers, and more. If you’re hiring, do you take social influence into account? And what if your top candidate has significant social influence, do you think that’s actually a risk to your organization?] By now, many employers think that who you are online is more revealing of your character than a résumé. Some companies have decided to stop accepting paper résumés altogether.

Portfolio Pathway and Redtail Technology announce integration from PortfolioPathway.com

[Portfolio Pathway is now in my watch list as another web-based portfolio reporting solution. Their straightforward pricing on top of the typical account aggregation, client portal, and custom report features should be attractive to up-and-coming RIAs as well as breakaway brokers looking for a light footprint when they start out on their own. This announcement of a Redtail CRM integration is also a good sign of collaboration with the industry’s leading software providers.] Portfolio Pathway, the web-based portfolio management system, announced today they have completed integration development with Redtail Technology’s innovative web-based Client Relationship Management (CRM) solution. Advisors using Redtail will be able to view all account data from Portfolio Pathway.

RedBlack Integration with Scottrade® Advisor Services from RedBlackSoftware.com

[Increasing integrations is the best way for any financial services technology provider to gain wider adoption. Here, growing rebalancing software provider RedBlack now connects with Scottrade to retrieve account information from the no-minimum-assets-required custodian. According to RedBlack Chief Software Architect Roel Vlemmings, this marks the company’s 22nd integration with a 3rd party provider.] RedBlack Software today announced the successful integration with Scottrade® Advisor Services. Registered Investment Advisors that custody with Scottrade® Advisory Services can now seamlessly import their portfolio data into RedBlack, use the RedBlack platform to rebalance and trade client accounts and households, and submit trades to Scottrade® for execution.

1st Global Announces New Partnership with AppCrown LLC from 1stGlobal.com

[Very interesting! Having lived in Dallas for three years, 1st Global had a good footprint with regional (and national, too) CPAs and wealth management firms seeking technology solutions from an affinity partner. Now, AppCrown’s Salesforce ISV platform (see: Salesforce for financial advisers solicits bipolar reactions; AppCrown attempts to resolve disjointed CRM) will be rolled out to all of 1st Global’s 400 affiliated firms by the end of the year.] 1st Global, a research and consulting partner of select CPA and wealth management firms, and AppCrown LLC announce a strategic partnership to deploy a cloud-based solution that delivers client relationship management, straight-through processing and business cycle management for wealth management clients.

Preview files in Google Drive from GoogleDrive

[You have dozens of choices among cloud file storage services, including Google Drive. Subtle features differentiate the services, and since you’re trying to be as efficient and productive as possible, you shouldn’t waste time trying to preview documents stored in the cloud. In a race to match file preview features present in other services, Google Drive now offers preview for roughly 30 file types.] It may sound obvious, but sometimes the best way to find something is to start looking. Beginning today, Google Drive will let you quickly preview more than 30 file types and quickly flip between files until you find the one you want.