The financial services industry is infamous for the amount of jargon, lingo, and technical terms that we regularly throw at consumers: Monte Carlo vs. straight-line returns; acronyms like IRA, RIA, and IAR; suitability vs. fiduciary standards; cash flow-based vs. goal-based planning software. In our previous blog post, we tackled the history of the terms “cash flow-based” and “goal-based,” including their original meanings in the industry. In this post, I’d like to review more recent interpretations of these terms, along with introducing terms we think are more accurate to describe today’s financial planning software design philosophies.
Having joined Advizr recently from positions as the head of sales teams at two other major financial technology firms, I’ve talked about planning software to advisors for almost two decades, and I’m amazed how far this branch of fintech has come. You would think that an industry full of financial planners would place great importance on software that can make their planning easier and and enhance the client relationship
Innovative technology platform gains prominent industry recognition for significantly expanding its financial planning feature and capability suite
Franklin Templeton leads prominent group of investors including SEI, IA Capital, and Fenway Summer to invest in innovative, growing financial planning technology company Advizr
Tags: Press Release
“People pretend not to like grapes when the vines are too high for them to reach.”
― Marguerite de Navarre, French author, 1492-1549
Our industry has a problem.
Everyone talks about increased fiduciary responsibility and wanting to provide holistic advice, but few advisors are doing anything about it. The best way to deliver on these promises is to prepare a full financial plan for every client. But according to Cerulli, two thirds of clients who work with a financial advisor do not receive a full financial plan1.
Tags: Industry Notes