Mirror, mirror on the wall, what is the best product of all? APIs (Application Programming Interfaces) are the new “magic mirror”, opening up a wealth of information curated by someone else who maintains and updates the data. We use them regularly, “Hey Google, give me directions to Martin Place”. Financial services have been invited to…
I work 24/7, 365 days a year without a salary. I communicate with natural voice and can do any financial planning calculation on request, as well as gathering client information and doing product research. I can even implement insurance applications. I remember everything and am not intrusive, only responding to verbal requests directed at me….
Conventional wisdom suggests we delegate to a financial adviser because they have the time and expertise to help us achieve our financial goals. The truth may be a little “darker”. It seems “Delegators” just need someone to blame if things go wrong. Michael Kitces, Head of Planning Strategy at Buckingham Wealth Partners had a good look…
Financial planning advice is a slow, expensive and, it seems, unprofitable business. Firstly, it can take weeks or even months before a comprehensive statement of advice is ready. Secondly, research conducted by KPMG and commissioned by the Financial Services Council found the average cost of providing comprehensive financial planning advice is $5,335 a client, while…
Would you use a digital assistant in a client meeting? I asked the question in a LinkedIn poll and got over 150 views but just 4 votes. Me and two close friends voted “yes” and one person voted “no”. So, I still don’t know. Finchat is currently going through the Amazon certification process for its…
