What You Need to Know

• There's nothing wrong with RIAs, but there is a real opportunity for independent financial firms to do it a different way.
• Wealth management firms are being pushed to focus on developing their tech platforms to meet clients where they are.
• To provide a holistic wealth planning experience for your clients, it’s imperative that you have all the capabilities in-house to meet any of their needs.

It’s no secret that robo-advisors, do-it-yourself investing platforms, and financial technology players are disrupting wealth management as we know it. Some feel threatened by this.

Factor in fee compression, rapid consolidation and the number of advisors aging out of the industry, and it is understandable that old-school money management firms would be tempted to make knee-jerk decisions, looking to accumulate enough assets to obtain a suitable multiple and sell to any number of aggregators looking to gobble them up … only to be acquired themselves down the road. The path of least resistance.

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