Hardware and software

Lenders have learned that automated wealth management tools enhance interactions with clients — and bring in more business.

Since introducing an ongoing fee model, the platform has seen a 25% rise in account openings, according to the firm.

After a reboot in its tech strategy, the RIA custodian is “redesigning every aspect of the advisor experience,” it says.

“When we think about these offerings, there are no hard lines that are drawn here,” said Merrill Lynch boss Andy Sieg.

The new open architecture platform will minimize the “swivel chair experience” for advisors.

Firms that generate 75.5% profit margins are hiring, buying and automating, according to FA Insight.

It’s a tool, not a business model said the CEO at LINC conference; competitors beg to differ.

Finding the right mix of tools can be daunting, says the firm’s director of financial planning.

It’s hard to fight inertia. Very hard.

Technology has created efficiencies for RIAs. It’s also a danger, says the firm’s COO.