On this episode, Trent, Michelle, and Michael discuss the expanding wealth tech universe and explore the concept of a universal wealth management platform and why most firms should be considering one for their core tech stack.
Technology evolution and innovation is having a transformative impact across all facets and segments of wealth management. Indeed, the advisor technology industry is becoming more and more nuanced, with specialized solutions and purpose-built functionality that may not apply to all market segments. In fact, according to advisor, consultant, blogger, and today’s guest Michael Kitces, there are now more than 300 separate wealth management advisor technology applications—an astronomical growth rate for what was once just a tiny sliver in the technology universe.
The good news is that with continued investment and evolution from top wealth tech providers, the technology for a universal wealth management platform is here today.
On this episode, Trent, Michelle, and Michael discuss the expanding wealth tech universe and explore the concept of a universal wealth management platform and why most firms should be considering one for their core tech stack.
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Speakers
Michael Kitces
Chief Financial Planning Nerd
Michael Kitces is the Head of Planning Strategy for Buckingham Wealth Partners, a private wealth management and advisor TAMP platform based in St Louis, MO, that oversees approximately $50 billion of client assets.
In addition, he is a co-founder of XY Planning Network, AdvicePay, New Planner Recruiting, fpPathfinder, and FA Bean Counters, the former Practitioner Editor of the Financial Advisor Success podcast, and the publisher of the popular financial planning industry blog Nerd’s Eye View through his website Kitces.com, dedicated to advancing knowledge in financial planning.
In 2010, Michael was recognized with one of the FPA’s “Heart of Financial Planning” awards for his dedication and work in advancing the profession.
Michelle Odom
Host | SS&C Advent
Michelle Odom is a Director of Solutions Consulting for Black Diamond, an SS&C Advent company. She works with the largest and most complex sales opportunities in the wealth management space. She is responsible for working with SS&C clients and prospects to understand their unique needs, tailor specific solutions around those needs and educate firms on all of the award-winning SS&C product offerings to help firms successfully grow their business.
Michelle also manages the integration of Black Diamond with SS&C, the world’s largest hedge fund and private equity administrator, giving advisors direct access to their alternative investments streamlining the reporting process.
Michelle has a B.S in Finance from the University of Central Florida.
Trent Berry
Host | SS&C Advent
Informally known as ”The Voice of University,” Trent Berry joined SS&C Advent at the turn of the century in 2000, having previously worked in Support and Consulting before occupying his current long standing role as Advent’s Senior Instructional Designer As such, he is responsible for client and employee training for products such as APX, Axys, and Geneva. In his spare time when not working or perfecting French cooking techniques in his kitchen,
Trent owns and operates Dreamrack Studios, a professional recording studio in San Francisco where he can be found producing and engineering music for various artists.