2019 TD Ameritrade Institutional National LINC coverage sponsored by Envestnet | Tamarac Sign up for a demo at http://www.fppad.com/tamarac
PLAN-IT Wins Innovation Quest
Watch the finals of the inaugural Innovation Quest competition hosted by TD Ameritrade Institutional, where three companies each delivered a 15-minute pitch to an audience of some 2,000 independent registered investment advisors (RIAs) and panel of judges at the TD Ameritrade Institutional1 2019 National LINC conference.
Derrick Wesley of iMar Learning Solutions and his idea, Plan-It, are the grand prize winners of this year’s Innovation Quest. I spoke with Derrick after the award ceremony to learn about his inspiration for the financial literacy app and how TD Ameritrade Institutional helped him bring his idea to life.
Welcome to the FPPad fintech briefing, Here are the top fintech stories you need to know today.
Overstock.com Announces Automated Investment Service
You never know when you’ll have the urge to buy a new sofa, portable generator, and, oh I don’t know, a diversified portfolio of low-cost exchange traded funds? Well now you’re in luck, as online discount retailer Overstock.com announced plans to introduce an automated investment service to its customers powered by tZERO Advisors. The service promises to match investors to one of several Adaptive Dynamic Portfolios managed by FusionIQ, or investors can customize their allocation among the portfolios on their own, all for a flat monthly fee of $9.95 instead of a fee based on percentage of investor assets like in other automated providers.
XY Planning Network Offers Affordable Fiduciary Financial Planning to Americans
Speaking of affordable monthly fees, millions of Americans think they need to have hundreds of thousands of dollars in order to qualify for an engagement with a comprehensive financial planner, but that is just not true according to a New York Times article by Ron Lieber published over the weekend. Leiber highlights the XY Planning Network, an organization of nearly 600 financial planners who all agree to act in their clients’ best interest at all times, offer affordable recurring fees simialr to a cable bill, and be willing to work virtually with clients from anywhere in the United States.
Updates from the 2018 TD Ameritrade Institutional National LINC Conference
And to finish last week, I attended the 2018 TD Ameritrade Institutional National LINC Conference and connected with the technology strategy team to learn more about the latest enhancements to the company’s Veo One solution for financial advisors. Here’s Managing Director Jon Patullo with a key takeaway:
The feedback for Veo One ® has been tremendous, advisers really love the platform to be able to come to one place and do everything they need to do is a home run. They’re thrilled with it, we’re in the process of rolling it out to all of our advisers, it’s available to every single adviser today, and they’re continuing to adopt it. It’s been a huge home run and we’re really excited to demo it for advisers this week.
My full interview with Jon is on the FPPad YouTube channel, so visit 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, be sure to check back in with me later for more fintech news.
Welcome to the FPPad fintech briefing, Here are the top fintech stories you need to know today.
Robinhood to Trade Cryptocurrencies
Cryptocurrency trading is coming to Robinhood, as the provider of the popular mobile app for commission-free stock trading announced a waiting list to sign up for access to trade Bitcoin and other cryptocurrencies. Screenshots shared on social media last week show in-app price quotes for Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Litecoin, but no definitive announcement has been made just yet as to which cryptocurrencies will actually be available for trading when the app is expected to go live in February.
ByAllAccounts Cannot Aggregate Fidelity Stock Plan Pages
In account aggregation news, ByAllAccounts just emailed its customers saying that the company can no longer access account information from Fidelity Stock Plan pages, according to an email screenshot shared online by Michael Kitces. The company said it is working with Fidelity on a long-term solution, but did not have any ETA on when account aggregation would be restored. Back in November, Fidelity announced plans to block screen scraping of customer account in favor of its new API-based Fidelity Access℠ service to be rolled out throughout the year.
TD Ameritrade Institutional National LINC in the Spotlight
And thousands of advisors will be in Orlando this week for the TD Ameritrade Institutional National LINC conference. In addition to getting updates on Veo Open Access and Veo One from TD Ameritrade Institutional, my producer Steve Biermann and I hope to film interviews with ALL of the tech vendors in the Veo Village this year, so be sure to subscribe to the FPPad YouTube channel so you don’t miss our updates on the latest in advisor technology for 2018.
We are covering the 2016 TD Ameritrade Institutional National LINC Conference in Orlando where we are working to capture the technology news and announcements made at the event.
Watch the two-minute video above to preview what you can expect from our coverage of the conference.
Our coverage from TD Ameritrade Institutional National LINC is brought to you by Wealthbox CRM. Sign up for a free trial today at wealthbox.com
I just returned from TD Ameritrade Institutional National LINC 2015 Conference in San Diego where I produced a couple of videos covering the technology updates from the event.
Veo® Vendor Village
First, you can get a glimpse of the “vendor village” TD Ameritrade Institutional configures for the technology providers that are integrated with the open access capabilities of the Veo® platform.
Nearly 40 of the 85+ integrated providers were on site providing demos of their technology to the thousands of advisors in attendance.
With over 85 integrated vendors, you may see several new companies that you haven’t heard of before, including Advizr, Vanare, and Upside.
Veo One™
Next up is a preview of Veo One™, TD Ameritrade Institutional’s updated online dashboard designed to be a single source for an advisor’s daily workflow.
Veo One is currently in a private testing period with select advisers, and the official rollout is anticipated in late summer or early fall of 2015.
The first five Veo One integrations will include DocuSign® and Laser App Anywhere for account opening, financial planning software from MoneyGuidePro™, Orion Advisor Services for portfolio management, and Redtail Technologies for CRM.
