More about InVest: As new digital tools transform wealth management, the industry’s largest players are rushing to adapt to ever-increasing customer expectations, while smaller firms strive to keep pace. Behind the scenes, many are investing more on technology and hiring to drive growth, but margins remain under pressure. In|Vest West is exploring all the dynamics at play — from front to back office — and the technologies that are shaping the future of the firm.

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The fintech’s new executive says cryptocurrency will help communities that the financial services industry isn’t serving.
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Such a scenario could "challenge market assumptions both about cyclicality and about eternally negative rates," according to strategists.
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The firm has struggled to make money this year amid the market volatility sparked by the COVID-19 pandemic.
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George Hosfield is Senior Director, Home Insurance, for LexisNexis Risk Solutions. He is responsible for establishing the strategic direction of the home insurance business, as well as working with customers, prospects and the product development team to create the solutions that meet insurers’ needs.
Hosfield has been with RELX Group since 1999 working in various operational and strategy roles within the Legal & Professional business of LexisNexis and LexisNexis Risk Solutions. Most recently, he supported the insurance business as part of the strategy and business development team, advancing company expansion through the acquisitions of Wunelli, Coplogic, iyeTek, policereports.com and Mapflow.
Hosfield earned a bachelor’s in English from the University of Virginia and a master’s in business administration from the University of Richmond.
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A significant push to use the precious metal as portfolio insurance may create a self-reinforcing spiral that upends its appeal as a hedge.
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“We do not yet know when we’ll return to a more traditional operating model,” a spokeswoman said.
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