Ep 052: Why Today's Technology Tools Are The Golden Age Of Advisor FinTech with Joel Bruckenstein
Financial Advisor Success
Michael Kitces
4.8 • 696 Ratings
🗓️ 26 December 2017
⏱️ 92 minutes
🧾️ Download transcript
Summary
Today's guest is one of the industry’s leading advisor technology gurus. The publisher of the Technology Tools for Today newsletter, Joel Bruckenstein has a nearly 20-year history of writing about advisor technology trends, from publishing regular columns in Horsesmouth, Morningstar Advisor, Financial Advisor, and Financial Planning magazines, to his own newsletter, and now his latest platform, the t3 Technology Hub.
In this episode, Joel discusses recent trends in advisor technology, the results of the latest advisor software survey that he administers along with Bob Veres, and why he says that today is the “golden age” of advisor technology. He also shares the real-world challenges of implementing advisor technology in a typical firm, as well as the biggest areas where advisors can get better ROI from their technology, particularly when it comes to better utilizing CRM software for business intelligence purposes.
For show notes and more visit: https://www.kitces.com/52
Transcript
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| 0:00.0 | Welcome to the Financial Advisor Success Podcast, where you go behind the scenes with financial planner, |
| 0:08.4 | speaker and consultant Michael Kitsis to hear stories of how leading financial advisors |
| 0:13.6 | navigated the inevitable challenges that arise on the path to success and get insight from leading |
| 0:19.2 | industry consultants about how to break through to the |
| 0:22.0 | next level in your advisory business. And now here's your host, Michael Kitsis. Welcome, everyone. |
| 0:29.8 | Welcome to the 52nd episode of the Financial Advisor Success podcast. My guest on today's |
| 0:35.1 | podcast is Joel Brunstein. Joel is one of the industry's leading |
| 0:38.4 | advisor technology gurus, publisher of the technology tools for today newsletter, and runs |
| 0:43.1 | the popular T3 advisor and T3 enterprise technology conferences for the financial advisory industry. |
| 0:48.6 | What's fascinating about Joel, though, is his nearly 20-year history of writing about and |
| 0:53.1 | covering advisor technology trends, |
| 0:55.0 | from publishing regular columns in Horsesmouth, Morningstar Advisor, Financial Advisor, and Financial |
| 1:00.1 | Planning Magazines, to his own newsletter and now his latest platform, the T3 Tech Hub. |
| 1:05.5 | In this episode, we talk in depth about recent trends in advisor technology, the results |
| 1:10.2 | of the latest advisor |
| 1:11.2 | software survey that Joel administers along with Bob Virus and site information, |
| 1:15.4 | why Joel views today as the golden age of advisor technology, and what kinds of new |
| 1:20.4 | trends in advisor technology we're likely to see in the next few years. |
| 1:24.2 | We also talk about the real world challenges of implementing advisor technology, the typical |
| 1:28.3 | firm, why data migrations from one piece of software to another are so painful, and why |
| 1:33.3 | many advisors may actually be trying too hard to find the best technology for their firm, when the |
| 1:38.5 | real problem is a need for the firm to focus and systematize what it does just to make it possible |
... |
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