WealthTech on Deck

It’s a wrap – almost. Download this week’s 2024 wrap-up of the WealthTech on Deck podcast to hear host Jack Sharry and executive producer Matt Nollman reflect on which guests revealed the most about the future of wealthtech and financial advice. https://lnkd.in/eA5e4RHq

Every week, we share a story about how human advice and evolving digital capabilities are charting the future of financial services. Today, we share some news: SEI® has acquired LifeYield. Together, they are developing real-time, unified managed household (UMH) capabilities in a cost-effective, fully bundled solution for advisors and institutions. Read the news release for more details on their future plans. 

This week’s guest on WealthTech on Deck described her agency’s “SWAT team of marketers” and how they work to advance clients' growth goals in fintech and financial services.     She’s Tina Powell, chief of community at Intention.ly. Listen to learn more about how she’s also applying her marketing and media skills and her indomitable spirit to her battle with lung and advocacy for research into treatment and cures.    “If I can use the power, the God-given power and media skills that I've been given to help provide hope and information to the people that need it most, then that's my legacy,” she said. https://lnkd.in/dRtbmc9Q

Private business ownership creates wealth. Wealthy people need financial advice.   However, not every advisor has the technology and training to serve the diverse needs of business owners.   Enter this week’s guest on WealthTech on Deck. He’s Jason Early, the founder and CEO of RISR, a technology platform to help financial advisors deepen their relationships with business owner clients.    https://lnkd.in/egTzV4PJ

Many investors want to achieve diversification through ownership of assets like real estate. But few want to be developers or landlords.   However, with access to private investments, investors can have their wishes fulfilled while advisors can manage the risk to their clients’ portfolios and limit their tax exposure.   This week’s guest on WealthTech on Deck is Steve Z., chief revenue officer of Mammoth Technologies. Listen to hear his assessment of the state of public and private markets and the technology evolution that can provide exposure to a sector like real estate without picking up a hammer.   https://lnkd.in/e_UeBNdc

You don’t achieve tax alpha with one swing of the bat, said this week’s guests on WealthTech on Deck.   Rather, it requires continuously applying time-tested practices like asset location, rebalancing, and tax harvesting across all the accounts in an investor’s portfolio. And to do that, advisors need strong technology in their bullpen. Mark Hoffman and Paul R Samuelson of LifeYield talked with host Jack Sharry about tax-smart, multi-account portfolio management, and technology to help advisors quantify its benefits to clients, even skeptical ones. Addressing advisors, Samuelson said: “The real opportunity in looking at all the household assets is that you're going to be able to pick up some of the client accounts that have been unmanaged or very poorly managed. And so it’s both an opportunity for the advisor, (and) it's a real service to the clients.” https://lnkd.in/dPp6cbEy

Starting 55 years ago, SEI is one of the first companies to identify that combining asset management, operations and technology was important.   Today, it’s attracting looks and talent with its commitment to client engagement, user experience and company culture.   Listen to this week’s WealthTech on Deck podcast to hear from CEO Ryan Hicke and CFO Sean Denham about what they're bringing to the market today and planning for the future. https://lnkd.in/eSPuqk7q

Sifting through three podcast interviews with senior J.P. Morgan leaders, WealthTech on Deck host Jack Sharry saw a picture come into focus.   It was a blueprint of the wealth manager’s activity to endow its platforms with technology capable of executing tax-efficient portfolio management at the household level. And at a scale that will ultimately benefit more investors and their J.P. Morgan advisors.   Read more about what Jack heard from Ted Dimig, Eric Lordi and Amanda Lott, CFP® in his latest column in FA Magazine.

You need to put your shoulders into public relations today. This week, the guests on WealthTech on Deck tell listeners how it’s done.   PR today “is a contact sport,” said Jimmy Moock, the managing partner at StreetCred PR. Agencies and their clients “need to start thinking more about simplicity and clarity.”   That applies to the messages companies put into the marketplace and those they send into their organizations, he said.   https://lnkd.in/d9X2yavg

The shift is on.         · From account-based to relationship-based wealth technology.         · From tax lots and tax harvesting to delivering lifelong tax alpha.        · From transactional client management to personalized household management.   This week’s guests on WealthTech in the Weeds explain why and how it’s happening.    Eric Lordi has led transformational technology efforts at Morgan Stanley and now at J.P. Morgan. Martin Cowley of LifeYield has worked with many industry giants as they build multi-account, tax-smart platforms of the future. https://lnkd.in/e2TierK5