Welcome to our News Round-Up! Here, we’ll share with you interesting news in interesting ways, giving you a snapshot of a few of the important news headlines and events you may have missed this past week.
February 21, 2015
Quote of the Week:
- “Advisors right now have a huge disadvantage having so many tools. Those technologies have to work for advisers, not advisers working for technology,” said Edmond Walters, CEO of eMoney Advisor, LLC, at last week’s T3 advisor technology conference. Mr. Walters introduced emX Select, a platform for advisors that supports bi-directional data integration from select companies including Orion, Morningstar, Envestnet, Albridge, and more.
On Your Business:
- Edmond’s at it again! In case you were out of the country last week, this year’s T3 Conference was certainly one that will be remembered. eMoney’s Founder and CEO Edmond Walters stole the show with his lively keynote presentation, where announced eMoney’s plan to partner with 28 leading service providers. The newly-announced partnerships will offer advisors a fully integrated technology solution that will help them better serve the needs of their clients. Walters’ words resonated with Investment News writer Steve Sandusky, who published 3 ‘must do’s’ from the T3 Conference based on Walters’ idea that advisors need to grow their business through the integration of leading technology platforms that clients want.
On the Industry:
- “eh”Money Advisor? It seems that technology’s influence is being felt across the border–the Northern border, that is. In recent months, the Canadian Market has seen a rise in “fintech” firms which are modeled after the robo-advisor firms that operate “south of the border” here in the States. Since Canadian regulations require online wealth advisors to have a conversation with clients before purchasing any investments, these firms cater to the do-it-yourself market by offering minimal investment management and low fees.
On Technology:
- Partnering for the greater good. President Obama recently signed an Executive Order that encourages greater information sharing between the private and public sectors when it comes to data security. In light of recent events like the massive Sony leaks, Obama figured now was a good time to bolster data security for the government and privately owned businesses through collaboration on security techniques – a “shared mission,” as he calls it. Financial-Planning.com has the full story over on their site.
On the Economy:
- Buy high and sell low!…Wait… Warren Buffet’s Berkshire Hathaway, previously Exxon’s sixth-largest shareholder, jumped ship after selling a $41 million share in Exxon Mobil sometime in the fourth quarter. With crude oil just under $50 a barrel, Buffett cut his losses. Some analysts disagree with his decision to abandon ship with oil prices so low, but Buffett is willing to take that risk. What do you think of his decision?
On the World:
- Charts, Charts, Everywhere a Chart… Some of the finest minds on Wall Street have come together to assemble this list, “The Most Important Charts in the World.” You might roll your eyes at the title, but there’s no denying that the list contains very valuable information and insights on everything from the drop in oil prices, to wage growth, to tech spending.
