Tag Archives: TD Ameritrade Institutional

FPPad Bits and Bytes for May 6, 2016

Posted on May 6, 2016 by in Bits & Bytes

On today’s broadcast, Wealthbox CRM releases 5 new integrations, Orion sends portfolio information to clients via text message, Morningstar ByAllAccounts introduces a new client portal, and more.

So get ready, FPPad Bits and Bytes begins now!

Here are the links to this week’s top stories:

5 New Integrations: Zapier, TD Ameritrade, Riskalyze, Orion, Microsoft Office 365 from Wealthbox.com

[This week’s top story comes from Wealthbox CRM, as the company took advantage of a Cinco de Mayo theme to announce five new integrations on 5/5. The new integrations include TD Ameritrade Institutional’s Veo Open Access, Riskalyze, Orion Advisor Services, Microsoft Office 365, and Zapier. If Zapier sounds familiar, that’s because you heard about it in last week’s episode, unless you missed it, which means you should take a few minutes to watch it and get caught up.

This is great news from Wealthbox CRM, as many advisors I know were discouraged from using it in the past because it lacked integrations with many core technology solutions. With that objection out of the way, you should update your due diligence matrix to see which CRM is the best fit for your business objectives over the next few years.] Today we’re happy to announce five new Wealthbox CRM integrations with leading technology partners.

Orion Advisor Services Launches Text Alert Platform for Advisors from MarketWired

[Next up is news from Orion Advisor Services, as this week the portfolio accounting service provider announced a new app called Notifications. Once clients register their mobile number using the Orion client portal, Notifications uses text messages to provide updates like your clients’ portfolio balance, performance information, or even RMDs. Oh, and for you compliance officers watching, all of the messaging are automated, meaning there is no personal communication between the client and the advisor.

Ever since I saw the Penny App at last year’s FinCon event, I’ve been waiting for an advisor fintech provider to roll out text messaging for updates to clients, and correct me if I’m wrong, but I’m pretty sure Orion is the first provider to do it.

Now one drawback I see is that clients need to learn special keywords like BAL, PERF, ADV to get information, so my challenge Brad and his team, you remember Brad, the potato chip guy from one of my vlogs, is to add in support for natural language processing so I can just ask the app, “What is my portfolio balance?”
Sorry Brad!] Orion Advisor Services, LLC (“Orion”), a premier portfolio accounting service provider for financial advisors, is announcing the launch of the Notifications app, which allows advisors to communicate with clients more directly by sending portfolio updates and scheduling meetings all via a text alert platform.

Morningstar Launches ByAllAccounts Personal Financial Management Portal for Advisors, Aggregates Investor Accounts with Daily Updates for a More Holistic View of Total Wealth from Morningstar

[And finally, news from Morningstar wraps up this week’s broadcast as the company’s aggregation service, ByAllAccounts, released a personal financial management portal for advisors and clients.

The new portal is available as a complete solution with customized branding for your firm, or if you already use a portal or online dashboard from other providers, you can choose from a number of the ByAllAccounts portal elements to use as stand-alone tools. For this reason, pricing is going to depend based on your needs for a solution, but whatever you pay, account aggregation from ByAllAccounts is included for an unlimited number of clients and accounts.

But there are some caveats you should know: First, the aggregation data is not intended for data reconciliation, so it’s not suitable for detailed portfolio performance information. Reconciliation-ready data is part of the the traditional ByAllAccounts aggregation service.

Second, a minimum number of licenses are required to use the portal, so today, this solution targeted for the mid- to large RIAs and broker-dealers, yet I’m optimistic that over time ByAllAccounts can offer pricing and functionality that is attractive to advisors of all sizes.] Morningstar, Inc., a leading provider of independent investment research, today launched a new personal financial management portal in the firm’s account aggregation service, Morningstar® ByAllAccounts.

Here are the stories that didn’t make this week’s broadcast:

Periscope mimics FB Live by letting you permanently #Save replays from TechCrunch

You can now permanently save replays of your broadcasts by including #Save in their title.

Pershing platform expands robo offerings with Vanare, Jemstep and SigFig partnerships from Financial Planning

Demonstrating the intensifying race to dominate adviser technology, Pershing broadened the scope of its B2B digital advice offerings, announcing on Wednesday it was bringing startups SigFig, Vanare and Invesco’s Jemstep Advisor Pro onto its platform that also includes the still-developing robo Marstone.

Cloak is now part of StackPath from GetCloak.com

Peter, Nick, and I are excited to announce that Cloak is now part of StackPath, a still-stealthy startup based in Dallas, Texas that has bold plans for online security.

Laserfiche 10.1 at the Forefront of ECM and Business Process Automation from Laserfiche

Laserfiche today announced the availability of Laserfiche 10.1. The latest enterprise content management (ECM) offering builds on the features and resources of Laserfiche 10, released in January 2016, further enhancing teamwork and collaboration, refining case management capabilities and extending business analytics.

Watch FPPad Bits and Bytes for May 6, 2016

Watch FPPad Bits and Bytes for May 6, 2016

FPPad Bits and Bytes for February 19

Posted on February 19, 2016 by in Bits & Bytes

On today’s broadcast, Riskalyze announces its new Check-Ins feature, eMoney Advisor shows off its new client experience, Fidelity offers a preview of its new Wealthscape™ platform, and TD Ameritrade Institutional tells me when you can expect Veo One.

So get ready, FPPad Bits and Bytes begins now!

(Watch FPPad Bits and Bytes on YouTube)

Today’s episode is brought to you by eMoney Advisor, providers of a leading ADVISOR-CENTRIC wealth-planning portal.

eMoney Advisor

eMoney just introduced an enhanced client experience, incorporating many of the features investors find most compelling about digital advice platforms – like automation, intuitive design, ease-of-use, and more, helping you deliver an unmatched client experience. For more information on eMoney’s brand new client portal, visit fppad.com/emoneyadvisor

Riskalyze Introduces ‘Check-Ins’, Automated Behavioral Coaching Tools for Advisors from Riskalyze

[Last week I attended the T3 conference in Ft. Lauderdale, and I made three vlogs that you should watch, so let me give you the rundown of what I think were the best stories from the event.

Leading off is Riskalyze, as CEO Aaron Klein introduced a feature called Check-ins, which allows you to gauge your client’s sentiment of the markets with a pretty unobtrusive email. Clients answer two simple questions in a few seconds which helps you quickly identify those who have growing concerns about their financial future. Here’s Aaron Klein on availability and pricing:

Klein: Check-Ins are going to arrive in May, and we haven’t set pricing for them yet, but I can tell you it’s going to be a free upgrade for all of our existing customers.] Riskalyze, the company that has equipped thousands of advisors with the Risk Number™, today announced powerful new tools that revolutionize the ability of advisors to put the markets in context for their clients during client reviews, support client psychology between those reviews, and deliver consistent behavioral coaching that promotes long-term investing.

eMoney Launches Enhanced Client Experience from eMoney Advisor

[Another top update comes from eMoney, as Drew DiMarino took the stage to show off the updated client experience, giving a preview of the new look, showing how goals are tracked in the platform, and highlighted client collaboration features that help clients remember what tasks they should complete to meet their goals. The update is coming in March, and here’s Drew DiMarino on what you can expect:

DiMarino: The new client experience is much more personal in nature, the client can actually add images of their family, set goals with those images tied to those goals, a much more customizable experience for the end client.] At the T3 Advisor conference in Fort Lauderdale, Florida today, eMoney Advisor (“eMoney”), a leading provider of wealth-planning technology for financial professionals, will unveil its enhanced client experience.

Fidelity Reveals Plans For Multi-Custodial Advisor Technology Hub from WealthManagement.com

[And finishing my rundown is Fidelity, as the custodian revealed plans to offer Wealthscape™, Fidelity’s Total Advisor Platform that combines portfolio management, rebalancing, proposals, and fee billing with the features and functionality of the eMoney wealth portal. I caught up with Tom McCarthy, senior vice president for product development at Fidelity for a few more details.

McCarthy: So we’ve taken a hard look at the marketplace, talking to our clients, and looking at a lot of research, so Fidelity’s response to help them grow their business is the Fidelity Total Advisor Platform. The primary pieces of that are a deep integration with our new acquisition of eMoney, bringing planning to action, as well as a full suite of integrated portfolio tools wrapped in very advanced workflows.

The platform is expected to roll out at the end of 2016 with Fidelity-only data, and support for multi-custodial data is anticipated sometime in 2017.] In the escalating battle for control of the technology hub used by registered investment advisors, Fidelity Investments has a new weapon that may turn the tides.

TD Ameritrade Tells RIAs to Get Ahead of Emerging Technology, Pricing and Talent Challenges from BusinessWire.com

[Now the week before T3 I went to the TD Ameritrade Institutional National LINC conference, and I made more videos you should watch, but the biggest takeaway for me was clarification on when to expect the rollout of the Veo One dashboard.

I sat down with Chris Valleley to better understand the timeline when Veo One will be released.

[Winterberg]: So I need to be more clear that it’s not one release date, it’s all official, and it’s all done, but it’s rather graduated and it’s going to be progressive.
[Valleley]: That’s right, it won’t be a big bang rollout, it will be an iterative approach, and we’ll find the advisors with the right integrations at the right time and then onboard them into Veo One.

So, fair enough, you’re going to have to be patient for the release of Veo One, just like you’re going to need to wait and see how Fidelity’s Wealthscape evolves, too.

Fortunately, Veo Open Access now supports over 100 integrated solution providers, which means that you have options you can buy and implement today without waiting to see what the custodians promise to offer in the future.] Veo One, TD Ameritrade Institutional’s next-generation advisor technology platform, will give advisors access to all of the CRM, financial planning, portfolio management and other systems they use from one desktop.

Now if you’ll excuse me, I have quite a bit of laundry to do from our trips, so for FPPad.com, I’m Bill Winterberg, see you next time!

Here are the video playlists we published from TD Ameritrade Institutional National LINC and T3:

2016 TD Ameritrade Institutional National LINC

2016 T3 Advisor

Here are stories that didn’t make this week’s broadcast:

United Capital Acquires FlexScore To Boost Financial Planning from WealthManagement.com

United Capital, the Newport Beach, Calif.-based firm, is acquiring FlexScore, a consumer-facing financial planning tool that aggregates users financial data to generate a credit-score-like number of a person’s financial health.

 

Watch FPPad Bits and Bytes for February 19, 2016

Watch FPPad Bits and Bytes for February 19, 2016

Reactions as the 2016 TD Ameritrade Institutional National LINC Conference closes

Posted on February 5, 2016 by in Conferences

Several integrated solution providers in the Veo® Village share the technology themes that emerged during their conversations with advisors at the 2016 TD Ameritrade Institutional National LINC 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

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Click here to watch the video on YouTube

When will TD Ameritrade Institutional release Veo One to advisors?

Posted on February 5, 2016 by in Conferences

Several advisors have asked about updates on Veo One, the technology dashboard from TD Ameritrade Institutional announced to much fanfare during the company’s 2015 conference (watch Veo One details from the TD Ameritrade Institutional National LINC 2015 Conference).

I met once again with Technology Solutions executives Chris Valleley and Jon Patullo to set expectations on when advisors can expect the official rollout of Veo One (hint: it will be an iterative rollout planned for the fall of 2016).

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

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Click here to watch the video on YouTube

What to expect from TD Ameritrade Institutional National LINC 2016

Posted on February 4, 2016 by in Conferences

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

wealthbox logo 620

Click here to watch the preview video on YouTube

TRX Unplugged: What happens when a tech provider eschews formality and unplugs for the day

Posted on October 5, 2015 by in Conferences

Total Rebalance Expert, or TRX, is widely known for its impeccable portfolio rebalancing and tax management features. After all, TRX was born from Sheryl Rowling’s own need for an extremely precise tool to manage the demands of her RIA and CPA businesses.

But what escapes many advisers is the company’s culture born from the land of eternal summer, aka San Diego.

TRX lacks the institutional swagger of its larger counterparts, including iRebal from TD Ameritrade Institutional and Tamarac Advisor Rebalancing from Envestnet, but focuses on delivering value with its product line, where attention to detail and accuracy down to the penny and fractional share is vital.

So what happens when TRX decides to let its collective hair down and focus on education and value for its customers? You get TRX Unplugged.

Watch the coverage of TRX Unplugged above to gain a sense for how the company supports its advisor relationships and courts prospective firms with its deliberate relaxed attitude and atmosphere.

FPPad Bits and Bytes for June 26

Posted on June 26, 2015 by in Bits & Bytes

On today’s broadcast, Schwab releases Institutional Intelligent Portfolios™ into the advisor marketplace, Advent rolls out a new advisor experience for Black Diamond, and TD Ameritrade Institutional assembles dozens of vendors in Chicago to help you move your business forward.

So get ready, FPPad Bits and Bytes begins now.

(WatchFPPad Bits and Bytes on YouTube)

Today’s episode is brought to you by Autopilot, the only automated asset management platform built on the power of the Risk Number™.

Autopilot powered by CLS Investments and Riskalyze

Powered by CLS Investments and Riskalyze, Autopilot empowers advisors to revolutionize their business model, profitably service clients of all sizes, and democratize access to investment advice with a client service platform embedded directly in your firm’s existing website. Sign up for a demo today by visiting fppad.com/autopilot.

Here are the links to this week’s top stories:

Schwab Institutional Intelligent Portfolios™ from Schwab.com,

Institutional Intelligent Portfolios™ ETF List: Evaluation and Selection from Schwab.com, and

Schwab Wealth Investment Advisory, Inc. Institutional Intelligent Portfolios™ Disclosure Brochure from Schwab.com

[This week’s top story comes from Schwab Advisor Services, as the company officially rolled out its Institutional Intelligent Portfolios™ solution to advisors that was first mentioned back in episode 158, which I will try to link right over here. One change of note is that Schwab increased the number of available ETFs to more than 450 from the original 200 announced back in March, but the platform fees remain unchanged.

So I looked into the disclosure materials and uncovered a few items that I think you should know. First, anytime a new client signs up, you, the advisor, are required to make a final decision to select a portfolio strategy for that client. Until you make that decision, your clients’ cash will be held in the sweep program.

Second, accounts over $50,000 are eligible for tax-loss harvesting, but hold on, you, the advisor, must use the software built in to Institutional Intelligent Portfolios™ to activate and implement the tax-loss harvesting strategy.

And third, at any time, clients can authorize you, the advisor, to suspend trading due to “market conditions” and then reactivate trading “when the Advisor decides it is appropriate to do so.”

So I don’t know about you, but this sounds like Institutional Intelligent Portfolios™ doesn’t really streamline any of your portfolio management activities, it may actually increase your workload a bit, which is ironic given the automated focus of the program. It’s definitely not a set-and-forget automated solution, and for this added workload in your business you’ll earn how much in new revenue? That’s what I thought.

And before I forget, Schwab says that the system “will not monitor the type and amount of capital gains” so you’ll have to manage that information in a separate solution, say Schwab Advisor Portfolio Connect or perhaps PortfolioCenter, if you want to report on the gains and losses in each client account. Oh, one more thing, as of today, the mobile app isn’t yet ready.

But to be fair, this is version 1.0 of the solution for advisor, so if anyone is listening out there, maybe you can get Schwab to acknowledge these opportunities to make Institutional Intelligent Portfolios™ an attractive technology solution for your business.]

Advent Debuts the All-New Black Diamond Wealth Platform for Advisors and Wealth Managers at AdventConnect 2015 from Advent.com

[Next up is news from Advent, as the company held AdventConnect, it’s annual advisor conference in Las Vegas last week. The company used the event to showcase the next generation Black Diamond® wealth platform, which was being called “BD3” during internal development.

Gone from the Black Diamond name are the Performance Reporting label and the old widgets and BlueSky titles, which is now being replaced by the wealth platform description that represents the radical refresh of the advisor experience.

The main advisor dashboard now uses tiles that you can customize based on the information you want at a glance, portfolio performance graphs are much more streamlined, report pages contain relevant portfolio data without being overly crowded and busy, and a presentation mode is now built in to give you a way to walk through reports while redacting confidential client data.

Advent also announced a new initiative called Black Diamond Link, which adds “bi-directional, workflow-oriented integrations” with a variety of third party technology providers, including MoneyGuidePro, AdvisoryWord, XLR8, Junxure Cloud, Advisors Assistant, and Redtail Technology.] On the heels of last year’s unveiling and this year’s rollout of the new Black Diamond® investor experience, Advent today showcased its next generation Black Diamond® wealth platform. The next generation platform which has been dubbed “BD3” by clients and the development team, as it represents the third generation of the Black Diamond® platform, has been a multi-month effort to redesign and reinvent Black Diamond® to go beyond its roots in performance reporting.

Technology Innovators Get High Marks for Maximizing Integrations for Independent Registered Investment Advisors from MarketWatch

[If integrations with best-in-breed solutions sounds familiar, that’s because TD Ameritrade Institutional offers a similar platform under Veo Open Access, Schwab Advisor Services offers OpenView Gateway, and Pershing announced its own API store just a few weeks ago.

And for custodian-agnostic integration providers, Orion Advisor Services has been offering integrations to their advisors for several years. Full disclosure, you should watch my first vlog about Orion. So Advent, welcome to the club!

Now speaking of integrations, I’m going to wrap up with news from TD Ameritrade Institutional, as the company held its 6th annual technology summit in Chicago this week for Veo Open Access integrated solution providers. The number of solution providers now stands at 91 representing over $300 billion in assets advised across all of the technology solutions.

I’m running out of time for this broadcast, and I made a vlog about my trip to the Tech Summit in Chicago, so just watch the vlog and you’ll be up to speed on how this custodian is helping advisors like you take their business to the next level.] To help independent registered investment advisors (“RIAs”) keep pace in an era of accelerating technology change, TD Ameritrade Institutional1 has pursued a unique strategy of collaboration, harnessing the innovative and cutting-edge work of an entire community of technology leaders through its Veo Open Access vendor network.

 

Watch FPPad Bits and Bytes for June 26, 2015

Watch FPPad Bits and Bytes for June 26, 2015

FPPad vlog 003: TD Ameritrade Institutional 2015 tech summit

Posted on June 23, 2015 by in Vlog

In vlog 003, I flew to Chicago to attend the TD Ameritrade Institutional 2015 tech summit.

Every year TD Ameritrade Institutional hosts a tech summit for vendors who are part of the Veo® Open Access ecosystem.

Get an exclusive look inside at what goes on at this summit and how TD Ameritrade Institutional works with integrated solution providers to help advisors build better businesses with technology.

I’d love to hear your questions and comments, too. Add them below or send me a tweet to @billwinterberg.

FPPad Bits and Bytes for June 12

Posted on June 12, 2015 by in Bits & Bytes

On today’s broadcast, Pershing partners with a new company for your digital advice delivery needs, Wealth Access continues its growth in the PFM space, and find out how open source code called Wealthbot could pose a serious challenge to automated investment services.

So get ready, FPPad Bits and Bytes begins now.

(WatchFPPad Bits and Bytes on YouTube)

Here are the links to this week’s top stories:

Pershing Implements Multi-faceted Digital Enablement Strategy to Help Advisors Embrace the Digital Revolution from Pershing, and

Pershing Introduces Managed360™ to Help Advisors Efficiently Grow Their Managed Accounts Business from Pershing

Marstone Digital Wealth on the web

[Let’s jump right in to this week’s top story with a recap of the Pershing INSITE conference held in Orlando last week, as one of the top institutional custodians for advisors made several technology-related announcements. First up is news of a partnership to allow advisors to offer their own white-labeled online investment service which will be powered by a company called Marstone.

Now if the name Marstone doesn’t ring a bell, don’t worry, because it’s only the second time I’ve even heard of them after a chance encounter I had with company executives at the IBM World of Watson event last month. In fact, the company is so new that their latest Form ADV disclosure shows assets of just $15,500 held in two clients accounts. That’s right, two accounts.

Now the few screenshots available from the Marstone website show a reasonably attractive interface, but with a retail investor offering that’s still in beta and an advisor solution that has yet to roll out, it’s just too early for me to say whether or not Marstone is going to gain wide adoption among advisors, especially when there are more seasoned competitors out there like Jemstep, Betterment Institutional, Oranj and more.

But, Marstone will be the first of several anticipated solutions that will integrate with Pershing’s NetX360 platform for advisors as well as the NetXInvestor solution for end clients.

Pershing also announced a new managed account solution called Managed360 that will leverage investment strategies and managed portfolio offerings from Lockwood Advisors, which also happens to be an affiliate of Pershing. Also coming in the future is a Pershing API store which is a catalog of APIs along the lines of the TD Ameritrade Institutional Veo Open Access platform, allowing third-party providers to more easily integrate with the Pershing ecosystem.] At its INSITE™ 2015 conference, Pershing LLC, a BNY Mellon company, today announced a multi-faceted digital enablement strategy designed to revolutionize how advisors and investors work together in 2015 and beyond.

Wealth Access Hires 7 Veterans to Continue Growth from PRWeb

[Next up is news from Wealth Access, the Nashville-based provider of a personal financial dashboard for high net worth clients, as this week the company announced the growth of its business with seven new hires in the last few months, as well as a 350% year-over-year increase in total assets aggregated in the platform, a figure that now exceeds $20 billion.

You know that merger and acquisition activity in the personal financial management space this year has been on a tear, with Fidelity acquiring eMoney, Northwestern Mutual scooping up LearnVest, and John Hancock picking up Guide Financial, so Wealth Access is pretty much one of the last independent PFM platforms out there serving advisors that has no direct custodial or insurance company connection.
So like I’ve said in previous broadcasts, you would be wise to keep an eye on this company.] Wealth Access, an innovative high net worth personal financial management platform for advisors, announced growing momentum in the adoption of the Wealth Access technology solution by advisors, with record year over year growth and the hiring of seven senior technology and financial services veterans.

Wealthbot.io from GitHub

[And finally, wrapping up the week is an interesting discovery I made on the Internet called Wealthbot. Now stick with me on this one. Wealthbot is open source code published on the GitHub repository that can be used to create your own wealth management platform.

Not satisfied with the commercial wealth management solutions available today? That’s right, you can now build your own robo advisor, I mean, automated investment service. Now developers should get excited about the possibilities here, but advisors using Wealthbot directly? Well, that’s probably not going to happen without significant help from programmers.

But here’s the thing: online services like Wealthfront, Betterment, Future Advisor, even Schwab Intelligent Portfolios have attracted huge amounts of attention and venture capital for their software-based investment algorithms. So what happens to the value of those companies when code that mirrors their functionality is published on the Internet, for free?

Could Wealthbot be the next WordPress, OpenOffice, or Firefox of robo advisors? That, ladies and gentlemen, is why you’re watching FPPad Bits and Bytes.] Wealthbot.io makes it easy to launch a Wealth Management Platform. Build and customize your very own version of a robo-advisor.

 

Watch FPPad Bits and Bytes for June 12, 2015

Watch FPPad Bits and Bytes for June 12, 2015

FPPad Bits and Bytes for May 1

Posted on May 1, 2015 by in Bits & Bytes

Whoops! My May 8 email newsletter link lands here by mistake. Click here to see May 8 Bits and Bytes!

On today’s broadcast, Shareholders Service Group is attracting the attention of independent advisors, and for good reason, Orion Advisor Services announces a new partnership in the robo-advisor arena, and, find out how you can stay one step ahead of the latest cyber attacks that have the potential to cripple your business.

So get ready, FPPad Bits and Bytes begins now.

(WatchFPPad 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.

trx 600

TRX now offers TRX Edge, a completely rewritten rebalancing platform optimized for the web as well as mobile devices. Sign up for a demo of TRX Edge by visiting http://fppad.com/trx

Here are the links to this week’s top stories.

Video coverage of the 2015 Shareholders Service Group conference from FPPad.com

[This week’s top story comes from Shareholders Service Group, as I spent the end of last week at the company’s annual conference for advisors outside San Diego. SSG is one of those institutions that flies below the radar of most advisors, but now with over 1,400 financial advisors leveraging the resources of SSG, the company is continuing to attract attention.

From a technology standpoint, Shareholders Service Group follows an open architecture approach powered by the custody services of Pershing, and SSG wants advisors to be able to choose the best of breed solutions they want to use, without being told what to do by the institution. While at the conference, I connected with CEOs from content marketing provider Vestorly as well as CRM provider Junxure to learn about the partnerships they recently formed with SSG.

I also connected with XY Planning Network co-founders Michael Kitces and Alan Moore to get their take on important trends advisors need to monitor, which, no surprise, include a number of technology takeaways.

There’s a lot more from the Shareholders Service Group conference, including conversations with CEO Peter Mangan and President Dan Skiles]

Orion Advisor Services, LLC Partners With Jemstep to Deliver New Integrated Technology to Independent Financial Advisors from Marketwired

[Next up is news from Orion Advisor Services, as the company recently announced a new partnership with online investment provider Jemstep. Jemstep originally formed back in 2008 to deliver online investment solutions to retail investors, but now the company also offers Jemstep Advisor Pro as a solution you can offer to your emerging clients. Here’s a quick summary. You can embed Jemstep Advisor Pro on your website where new clients can complete a self-directed process to open an account, just like Redhawk Wealth Advisors has done.

Clients fill out a basic profile, complete a very simple risk questionnaire, and link investment accounts using account aggregation. Jemstep then generates a simple portfolio analysis using the client’s existing holdings and compares hypothetical performance to a target allocation of a portfolio allocation that you, the advisor, created and Jempstep matches to the client’s risk tolerance. If everything looks promising to the client, they proceed to the account opening stage where they complete account forms electronically.

So where does Orion fit in to the picture? New accounts created by Jemstep are custodied with TD Ameritrade Institutional, and those account details can then be fed into Orion using Veo Open Access. Once in Orion, all kinds of performance and analytics can be performed, which is what Jemstep, as of today, May 1, 2015, doesn’t currently provide. Now do you get it?

But if you’re NOT using Orion, Jemstep delivers the online investment interface, but it lacks the portfolio performance reports found in other solutions. That’s why the partnership with Orion is important, among other reasons.] Orion Advisor Services, LLC (“Orion”), the premier portfolio accounting service provider for advisors, announced that it has partnered with Jemstep, Inc., a leading provider of robo-technology solutions to advisors, to offer a new integrated technology solution for independent financial advisors.

SEC Cybersecurity Guidance Update from SEC.gov

[I need to move on to today’s final story on cybersecurity, as the SEC released new guidance this week with three important takeaways for advisors:

You need to periodically assess your cybersecurity risks, you need to identify how you will detect and respond to attacks, and you actually need implement your written policies and procedures and provide training to your staff.

So to do that, the SEC offered the following tips and resources to … oh, I’m being told they didn’t offer tips and resources, right, so I’m going to help you with the first takeaway which is cybersecurity threat assessment.

Do you want to know what threats advisors are actually facing every day? I set up a page on FPPad to collect threat information from advisors nationwide, and rank the top threats by the number of reports received. Plus, I’m going to highlight new attack techniques as they happen, so you can do your best to stay one step ahead of ever-more-sopisticated attackers. They’ve gone way beyond misspelled emails from Nigerian princes!] The Division has identified the cybersecurity of registered investment companies (“funds”) and registered investment advisers (“advisers”) as an important issue. Both funds and advisers increasingly use technology to conduct their business activities and need to protect confidential and sensitive information related to these activities from third parties, including information concerning fund investors and advisory clients.

Access the FPPad RIA Cybersecurity Exchange at fppad.com/cybersecurity

Visit the FPPad RIA Cybersecurity Exchange

Visit the FPPad RIA Cybersecurity Exchange

 

Here are the stories that didn’t make this week’s broadcast:

Personal Capital Apple Watch App Review from Dough Roller

Personal Capital revolutionized the free online financial dashboard. In one place you can now automatically track all of your investments, including retirement accounts. It shows your asset allocation and investing costs, and does so with amazing charts and graphs. All for free. Now the dashboard is available on the Apple Watch.

Addepar lays out world-fixing vision and rolls out upgrades at swanky The Battery event in San Francisco from RIABiz.com

Addepar Inc. is angling to manage a major chunk of a $120 trillion of assets under management on Earth, including pensions, sovereign countries, private wealth and endowments, by attacking the challenge as a data management problem first and a design and analytics problem at a close second.

Watch FPPad Bits and Bytes for May 1, 2015

Watch FPPad Bits and Bytes for May 1, 2015