FinSyn Insights

Weekly insights on the markets, economy, and financial planning

Technological Advancements for the Investment Industry

Last week, Bryan Zschiesche and I attended the Envestnet Tamarac 2014 Advisor Summit.  We attended the various sessions and workshops in an effort to further our knowledge of the software and technological tools that this fantastic company provides to us.  With the assistance of these tools we’re able to monitor performance, trade and rebalance, communicate with clients, and analyze investments, while scaling the technology across hundreds of accounts.  It’s crazy to sit back and ponder the fact that most of this technology, with its current capability, didn’t exist ten years ago.

I like to think Financial Synergies is an “early adopter” of new technologies that we believe can propel us to the next level.  We’re never gun-shy about implementing new, cutting-edge technology that will help us to better serve our clients.  Any product or service that can significantly reduce the time we spend on running the business, and allow us to spend more time on our clients, is something we’re going to consider.

The most exciting session we attended described what’s on the horizon for the next 12 – 18 months in investment technology innovation.  Some of the key takeaways were:

– ability to create robust “mobile apps” for our clients
– more user-friendly mobile interfaces
– electronic signature capability with Schwab
– more robust client web portal

The speed of technological innovation in our industry never ceases to amaze me.

–Mike Minter, CFP®, CFS®

Mike Minter

Mike develops investment portfolio allocations, handles trading and rebalancing, and conducts research and analysis as a Portfolio Manager and Financial Advisor for the firm. As a perpetual student of investing and the markets, Mike considers himself obsessed with the subject. Mike has earned the CERTIFIED FINANCIAL PLANNER™ (CFP®) and Certified Fund Specialist® designations. He is also an active member of the Houston chapter of the Financial Planning Association (FPA).   Read Mike’s Profile HereRead More Articles by Mike

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