Tag: Evolution
2. Dani Fava: Why Embedded Finance is a Game-Changer for Financial Advice

2. Dani Fava: Why Embedded Finance is a Game-Changer for Financial Advice

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Sponsored by: Nationwide

While most consumers rely on mobile apps for the majority of their daily purchases and purchases, financial services apps are largely utility functions that occupy a limited portion of investors’ routines and mindshares. 

Enter Embedded Finance, the next “big disruption” for financial services and wealth management. 

In this episode of the WealthStack podcast, Mark Bruno talks with Dani Fava, head of strategic development at Envestnet, about the future of advice – and importantly, how more financial services companies will directly integrate with consumer technology and mobile applications. Dani explains the concept of embedded finance and offers specific thoughts on:

  • Investors’ digital “relationships” with consumer mobile apps – and the potential to align investment and planning advice with mainstream brands
  • How super apps will impact the way we invest financially
  • Why it’s important for financial advisors to understand embedded finance now – and how they can build deeper client relationships with NexGen investors

Connect with Dani Fava:

Connect with Mark Bruno:

About our guest:

Dani Fava is creating the future of financial services. She was named #71 in top 100 Women in Fintech by Fintech Magazine, Woman to Watch by Investment News 2020, ThinkAdvisor IA25 recipient in 2020, one of top 16 Women in Wealthtech 2019 by ThinkAdvisor.

 

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1. The Evolution of Advice: Joe Duran on the Accelerating Pace of Change in Wealth Management

1. The Evolution of Advice: Joe Duran on the Accelerating Pace of Change in Wealth Management

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When the pandemic hit in March 2020, the financial advice industry essentially became virtual overnight. Advisors and the companies that support them embraced technology like never before and now, roughly 18 months later, the business of advice has experienced it’s most significant period of change ever. 

Where does the advice industry go from here? In this inaugural episode of the WealthStack podcast, Wealth Management’s Mark Bruno addresses the big picture with Joe Duran, managing director of Goldman Sachs Personal Financial Management. Joe dives into how modern technology and current worldwide events have changed the way that advisors work, from adapting client meetings to engaging virtually with potential clients and prospects.

Specifically, Joe and Mark dive into:

  • What have been some of the most significant changes in the advisor-client relationship since March 2020? How will that re-shape the future of advice?
  • What technologies, tools and resources allowed some advisors to thrive over the last 18 months?
  • From an industry perspective, how has the landscape of wealth management providers changed the most? 
  • What types of firms, services and experiences will “win” going forward?

Connect with Joe Duran:

Connect with Mark Bruno:

About our guest:

Joe is co-head of Personal Financial Management Group, which includes Ayco and Personal Financial Management (PFM). He is a member of the Consumer and Wealth Management Inclusion and Diversity Council and Steering Committee.

Joe joined Goldman Sachs as a partner in 2019 as part of Goldman Sachs’ acquisition of United Capital, which was subsequently renamed Personal Financial Management.

Joe founded United Capital in 2005. Before that, he served as president of GE Private Asset Management, which he built and sold to GE as president of Centurion Capital in 2001.

Joe has written three books, including The Money Code, which was listed on The New York Times and USA Today’s bestseller lists.

Joe earned a BS in Business Administration from Saint Louis University and MBA degrees from Columbia University and the University of California, Berkeley. He is a CFA charterholder.

 

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