Why automated advice is like drinking Bud Light: Q&A with XYPN chief Alan Moore
ST. LOUIS — New technology can help financial planners offer more robust services, but won’t — common wisdom notwithstanding — allow them to serve significantly more clients, according to Alan Moore, CEO of XY Planning Network.
The number of relationships an advisor can realistically handle is — and will remain — finite: somewhere around 100 clients. But while technology won’t scale the number of clients, it can help broaden the depth of services advisors will provide, Moore says.
XYPN recently added a handful of new services to help growing RIAs stay on top of the latest planning trends. Most notably, access to coaching and consulting services and four CPAs to help advisors manage their clients at tax time, according to the network.