Wealth Management Today: “How to Avoid the Race to Average”
August 20, 2020 — On today’s episode of Wealth Management Today podcast with Craig Iskowitz, founder and CEO of Ezra Group, he tackles the topic: “How to Avoid the Race to Average.”
Craig asks: How can financial advisors break out of the race to an average technology stack and avoid creating a bland client experience? Is it possible for technology to take the place of empathy and can a virtual technology conference become a catalyst to improve diversity in financial services? Financial advisor technology is turning into a race to average.
A group discussion was held with the moderators for the upcoming AdviceTech.LIVE conference:
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Margarita Cheng, CEO, Blue Ocean Global Wealth, Washington, DC
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Megan Carpenter, CEO & Co-Founder, FiComm Partners, NYC & LA
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Adam Holt, CEO, Asset-Map, Philadelphia, PA
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Toussaint Bailey, CEO + Principal, Enso Wealth, Petaluma, CA
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Rene Nourse, Founder & CEO, Urban Wealth Management, Los Angeles, CA
Click here to see the AdviceTech.LIVE agenda and register for the event.
Topics covered in this episode include:
- Overview and Genesis of AdviceTech.LIVE [04:30]
- What is Your “Why”? [07:10]
- The Race to Average [11:42]
- When Pick a Vendor, You Marry Their Roadmap [17:15]
- AI Will Not Replace Empathy [25:15]
- Don’t Try to be Best of Breed Everywhere [30:00]
- Tips for Building an Internal Roadmap [33:45]
- Using Financial Advisor Technology to Support the Broader Community [35:00]
- Adoption is the New Innovation [41:40]
- What are Moderators Expecting From Their Panels? [42:45]