By Leesy Palmer/Impact Communications Now in its 16th year, the T3 Technology Tools for Today Conference has become the leading practice management and technology conference for independent and hybrid financial advisors. Produced by FinTech expert, Joel Bruckenstein and friends on an annual basis, advisors who participated at the Denton (Dallas), Texas Convention Center (January 29 – February 1, 2019) were privy to timely information and insights on how to build a more efficient and profitable business.
Current and prospective clients expect a modern, collaborative experience. If advisors are not thinking ahead and living up to the clients’ expectations, they may be losing business to competitors who have carefully tailored their firm’s service delivery using the best digital tools to not only reassure but impress and even delight. Bottom line: The right technology can help advisors attract and retain the right clients, bond with strategic partners, and create a more seamless process.
Here are two videos that summarize some of the activities on opening day, January 29, and the first full day of conference presentations on January 30. Carolyn Victoria of TradePMR, a technology and custodial solution for financial advisors, volunteered to interview conference attendees and get their insights while onsite.
Day 1 – January 29, 2019: https://vimeo.com/314239889 Day 2 – January 30, 2019: https://vimeo.com/314540014 The annual t3 conferences have become a place where news is made and news is announced. Here is a summary of announcements as of January 30. Additional news and announcements are available at www.t3technologyhub.com.NEWS FROM THE T3 TECHNOLOGY CONFERENCE
Today at the 2019 T3 Advisor Conference, Wells Fargo Advisors announced a new service aimed at supporting advisors who want to become fee-only Registered Investment Advisors (RIAs). The new custody service is being offered through its subsidiary First Clearing. The service is designed to provide financial advisors another option to own and grow their business and customize offerings with middle-office support from TradePMR.
cleverDome and TD Ameritrade Institutional Team Up to Increase Cybersecurity for RIAs
Today as the 16th annual T3 Technology Conference for Financial Advisors commenced in Denton, Texas, cleverDome, Inc.™, a B-Corporation that provides a community-driven solution to protect confidential consumer information by taking that information “Under the Dome”TM (i.e. secure and off the open Internet), announced that registered investment advisors using certain software solutions can sign up to come “Under the Dome” thanks to a new integration with the TD Ameritrade Institutional Veo One® platform.
NEXA Insights, creator of a total advisor solution for gathering client feedback, analyzing responses and providing visual, focused insights, today announced at the T3 Technology conference for financial advisors that it is launching nationwide after extensive beta testing within the industry. NEXA Insights provides a system for gathering client feedback, providing both the implementation expertise and technology needed to effortlessly deploy a customized survey solution to financial advisory firms.
NVISO, a Swiss based fintech company providing software that detects human emotions from facial micro-expressions and interprets thinking styles, has released a behavioral assessment solution that detects how investors truly feel about financial topics and financial choices. Using an ordinary webcam or smartphone, the facial recognition software analyzes the client while he or she watches a short video of various life scenarios to reveal their true feelings about their financial priorities. At the end of the experience, Insights Advise delivers a personalized report that allows users to make better financial decisions based on how they feel about their finances.
Covisum Releases New Retirement Planning Platform, Income InSight
Today, Covisum launched Income InSightTM, a new fully-integrated platform that quickly and easily shows the impact of different decisions within a client’s financial plan. Covisum’s newest tool resolves conflicts commonly seen between loosely-integrated planning tools. Income InSight fully integrates with Covisum’s other tools: Social Security Timing®, Tax Clarity®, and SmartRiskTM, to provide clients with a clear vision of their retirement. Historically, advisors used integrations between multiple tools in an attempt to answer major client questions. Pietro La Greca Joins RightCapital, Series A Fund Round to Fuel More InnovationRightCapital, a next-generation financial planning solution that provides advisors with the ability to create custom comprehensive financial plans, announced that industry veteran Pietro La Greca has joined the firm as Vice President of Enterprise Sales. Formerly an executive with Advicent, La Greca has a deep understanding of the ever-developing fintech environment and extensive experience addressing the needs of financial advisors and the organizations that support them.
Yourefolio Releases New Flow-Charting Capabilities in Estate Planning Software Technology Platform
Yourefolio, a leader in professional driven estate and legacy planning software, announced today the release of new and enhanced flowcharting capabilities. “Icons”– visual displays of assets, liabilities and ownership transfers – are derived from various information within the Yourefolio database and populate the intuitive Yourefolio interface. Advisors will have the ability to drag and drop whichever icons they wish into the screen and move them to any position desired to visually explain the impacts of wealth transfers. These workflows will save advisors time by removing any manual efforts in creating visual displays.
Panoramix Now Reports on $10 billion in AUM
Panoramix, an innovative advisor technology platform, announced that the company has passed the $10 billion milestone for assets on the Panoramix platform. In only its third full year in business, Panoramix is becoming a go-to choice for independent RIAs to meet their performance reporting and billing needs. “We are extremely pleased and honored to be working with some of the best advisors in the country, supporting them with our purpose-built technology to meet their unique needs,” said Chris Hastings, CEO of Panoramix. “Powered by our innovative Sapphire Data Engine, we are able to provide a tremendous value to advisors with comprehensive functionality, multiple custodial and third-party integrations in a native Cloud application, all at an affordable cost.”
Ladder Launches New Solution to Further Streamline Consumer Access to Life Insurance
Ladder, the company that has built life insurance to be instant, simple and smart, today introduced Ladder for Advisors at the T3 Advisor Conference, the leading practice management and technology conference for independent and hybrid financial advisors. Ladder for Advisors is a new solution that provides financial advisors with an efficient way to help their clients implement term life insurance as part of their ongoing financial planning. Life insurance is a critical component of a consumer’s overall financial plan, and advisors are relied upon to help people consider, understand and optimize their need for coverage over time.