Tag: WealthTech
The WealthStack Podcast: The Post-Merger Playbook

The WealthStack Podcast: The Post-Merger Playbook

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Mergers and acquisitions often mark the beginning of a transformative journey, filled with both incredible opportunities and challenging headaches. Few industries offer more enticing M&A potential than wealth management, a fragmented sector where performance, processes, and personnel must consistently operate at peak efficiency. For financial advisory firms, regardless of size or type, preparing for acquisition is vital, which is why thorough planning and having a well-defined project plan are crucial for a successful merger.

In this episode, Shannon Rosic, director of WealthStack Content and Solutions, speaks with Verity Larsen, Founder and CEO of Versoft Consulting, about the importance of a comprehensive post-deal integration strategy.

Shannon and Verity also discuss:

  • Why working with reliable vendors and partners can significantly streamline the merger process
  • The role of data accuracy
  • Why assessing cultural and operational compatibility between merging firms is essential for smooth integration
  • How to ensure user adoption of new systems 

Connect with Shannon Rosic:

Connect with Verity Larsen:

About Our Guest:

Verity is Versoft’s heart and soul. She co-founded the company in 2015 after spending 7.5 years as Team Lead and Senior Consultant at SS&C Advent. Prior to entering the consulting field, she worked as Assistant Director of Information Systems at a Portland-based asset management firm and has been in the investment management industry since 2000.

Verity graduated with an A.A.S. in Computer Information Systems from Portland Community College. She also spent 3 years on the Board of Directors for The Exchange Network (formerly Advent Users Group) serving as VP and President in her 2nd and 3rd years.

She’s committed to providing an exceptional consultative approach to every client and ensuring the work performed by the Versoft Team results in the highest level of customer satisfaction. Verity works to continue training and education throughout the Versoft team, passing on the knowledge she has gained being in this industry for so many years.  She also spends time building and maintaining relationships with vendors so the Versoft team can remain knowledgeable on technology platforms and tools, IT hosting, and data and outsourced service providers.

When she’s not doing CEO/Principal Consultant/Co-Founder things, Verity likes to spend time with family, including seven nieces and nephews and two great-nephews, in multiple states around the U.S. On rare occasions, she’ll hike around the Oregon Coast, Central Oregon, and other places throughout the Pacific Northwest.

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The WealthStack Podcast: How RIAs Can Prepare for The Latest SEC Cybersecurity Rules

The WealthStack Podcast: How RIAs Can Prepare for The Latest SEC Cybersecurity Rules

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SEC compliance is top of mind for RIAs across the country, and their cybersecurity needs are specific. RIAs have a fiduciary responsibility to protect their clients’ data and assets, which can be vulnerable to cyber-attacks. A data breach could result in fines, penalties, and reputational damage. With the SEC proposing new rules to address cybersecurity risks, RIAs need to be prepared to future-proof their practice.

In this episode, Shannon Rosic, director of WealthStack Content and Solutions, speaks with Michael Cocanower, Founder and CEO of Advisercyber, about what pending regulations mean for RIAs.

Shannon and Michael also discuss:

  • What role the advisor plays when mitigating risks
  • Why the SEC believes firms are underinvesting in cyber solutions
  • What the AI arms races means in the context of regulation
  • How RIAs can effectively respond to and recover from a cybersecurity incident

Connect with Shannon Rosic:

Connect with Michael Cocanower:

About Our Guest:

Michael Cocanower is the founder and CEO of AdviserCyber. He has over 25 years of experience in the IT field, and specifically designed AdviserCyber to assist Registered Investment Advisors (RIAs) in complying with the most sweeping SEC cybersecurity requirements in history. Michael has led IT consulting organizations empowering small and mid-market businesses with strategic guidance. Michael is recognized as an Investment Adviser Certified Compliance Professional (IACCP ®), as well as a Certified Ethical Hacker.

Born and raised in Phoenix, Michael earned Bachelor of Science degrees in both finance and computer information systems from Arizona State University. He went on to serve in technology consulting positions for various Arizona-based companies, as well for industry giants such as Microsoft and Cisco. Michael served on the Board of Directors of the International Association of Microsoft® Certified Partners for many years and is also a past president of the Arizona Chapter of Entrepreneurs Organization. Michael is a black belt in the Kang-Sul division of Hwa Rang Do, a trained sniper, and runs in excess of 50 miles per week. In his spare time he is up for just about any type of life adventure offers to him.

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The WealthStack Podcast: The Importance of a Growth Partner with Andree Mohr

The WealthStack Podcast: The Importance of a Growth Partner with Andree Mohr

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For financial advisors, having a growth partner is essential for achieving sustainable success and scaling their business. The right partner can provide strategic insights, and enhance an advisor’s operational efficiencies and client service capabilities. Through strategic partnerships, advisors can access new markets and opportunities more effectively, manage risks better, and stay ahead of industry trends, ultimately leading to increased client satisfaction and higher growth rates. 

 In this episode, Shannon Rosic, director of WealthStack content and solutions, speaks with Andree Mohr, President of Integrated Partners, about the importance of a growth partner.

Shannon and Andree also discuss:

  • Why Integrated’s CPA Alliance is a game changer 
  • Successful transition stories, including an advisor who saw 96% organic growth
  • How the role of technology impacted Integrated’s strategy for onboarding, training, and supporting advisors
  • Tech that’s standing out in a crowded marketplace 

Resource:

Connect with Shannon Rosic:

Connect with Andree Mohr:

About Our Guest:

Andree supports growth on many levels as the President of Integrated. In this role, She oversees the day-to-day operations, manages budgets, and drives the firm’s key objectives to ensure the consistent and healthy growth of the organization. A particular passion of hers is helping entrepreneurial-minded financial advisors implement strategic operations that enhance efficiencies, foster practice growth, and bring their business visions to fruition. Through Integrated’s CPA Alliance program, she assists CPA partners in monetizing their most trusted advisor status while simultaneously aiding clients in their financial planning and tax needs.

She is also the co-author of “Center Stage: How to Become the Star of Your Practice” along with Matt Ackermann. The book focuses on operational, team building, and business processing efficiencies to help empower advisors to streamline their practices. The end result: advisors will have a roadmap to grow their business, leave a lasting legacy, and ultimately provide a boutique, concierge, memorable experience for their clients.

Her professional background includes graduating from Northeastern University, with an emphasis on experiential learning. She has been supporting advisors in various capacities for the last 13 years and truly enjoys helping them with their growth endeavors, facilitating business optimization, and ultimately watching them realize their goals.

Rounding out her life involves spending time with her husband and twin daughters, passionately cheering on the New England Patriots, traveling, and supporting charitable causes that are important to her.

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The WealthStack Podcast: How LPL Approaches Digital Transformation with Greg Gates

The WealthStack Podcast: How LPL Approaches Digital Transformation with Greg Gates

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LPL Financial has been a leader in the independent broker/dealer space for years, serving nearly 22,000 financial advisors representing over $1 trillion of brokerage and advisory assets. This means the business needs its infrastructure to be fast, reliable and secure. Everything LPL does is positioned around helping advisors take care of their clients, with technology being a driving force. 

In this episode, Shannon Rosic, director of WealthStack content and solutions, speaks with Greg Gates, CTO of LPL, about how technological advancements are driving the firm’s digital transformation.

Shannon and Greg also discuss:

  • 2024 plans around tech spend 
  • LPL’s stance on artificial intelligence
  • How the firm prioritizes tech initiatives for advisors 
  • Striking the right balance when it comes to scaling the business 

Connect with Shannon Rosic:

Connect with Greg Gates:

About Our Guest:

Greg Gates is managing director and Chief Technology & Information Officer for LPL Financial. In this role, Mr. Gates is responsible for managing all aspects of the firm’s technology and systems applications. He leads a high-performing information technology organization responsible for delivering technology solutions and market-leading platforms that enable positive, compelling experiences for LPL advisors and employees.

Mr. Gates joined LPL in 2018 with nearly two decades of senior-level management experience focused on the application of technology to solve business challenges on a global scale. Before joining LPL, Mr. Gates led Product Management and Engineering teams at PayPal from 2011 to 2018, focusing on internal technology platforms, merchant and consumer experiences, risk and security, and global operations. Prior to that, at Bank of America, he led a number of technology organizations, culminating in leadership of Bank of America’s Contact Center Technology from 2002 to 2011.

Mr. Gates earned his bachelor’s degree in biomedical engineering from Vanderbilt University in 1999, and successfully completed multiple leadership, continuing education, and certification programs from several organizations. He recently served on the Pega Platform Customer Advisory Board at Pegasystems, and previously served on Avaya’s customer advisory board. He is currently on Box, Inc.’s CIO Advisory Board.

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The WealthStack Podcast: Why Estate Planning is The Next Frontier of Wealth Management with Gene Farrell

The WealthStack Podcast: Why Estate Planning is The Next Frontier of Wealth Management with Gene Farrell

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Is estate planning the next frontier of wealth management? Estate planning solutions are becoming steadily more popular with advisors, especially those seeking to differentiate their services. As clients become increasingly aware of the complexities of wealth transfer, asset protection, and legacy planning, they expect comprehensive guidance from their advisors. By using estate planning tools, advisors can offer a holistic approach to wealth management, addressing not only investment strategies but also the essential aspects of estate distribution and tax implications. 

In this episode, Shannon Rosic, director of WealthStack content and solutions, speaks with Gene Farrell, CEO of Vanilla, about the emerging trends in estate planning and why it’s becoming a critical part of wealth management.

Shannon and Gene also discuss:

  • Why estate planning is becoming a differentiator for financial advisors 
  • The biggest misconceptions around estate planning
  • Why the great wealth transfer is driving technological changes
  • The impact AI is having on estate planning software

Connect with Shannon Rosic:

Connect with Gene Farrell:

About Our Guest:

With over 25 years of executive leadership experience driving transformation and growth across the consumer and technology industries, Gene is a recognized thought leader and innovator known for building disruptive new businesses for global brands. He was named a 2019 Innovator of the Year by the Puget Sound Business Journal. 

Prior to Vanilla, Gene spent 4 1/2 years at Smartsheet where he helped take the company public and scale the business from $100M to over $500M in revenue. As Smartsheet’s Chief Strategy and Product Officer Gene was responsible for leading company strategy, corporate development, product management, product marketing, experience design, and strategic alliances. Gene joined Smartsheet from Amazon Web Services where he spent five years as a vice president responsible for enterprise computing. In this role, Gene pioneered new cloud businesses including Amazon WorkSpaces and Amazon Chime. Before Amazon, Gene was a vice president at the Coca-Cola Company, where he founded and led the creation of the Coca-Cola Freestyle beverage platform. His groundbreaking work on Coca-Cola Freestyle was recognized by Forbes as one of the best new products of the decade and received the Edison Gold Innovation and Catalyst Design awards.



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The WealthStack Podcast: Crypto’s Journey to the Mainstream WIth Adam Blumberg

The WealthStack Podcast: Crypto’s Journey to the Mainstream WIth Adam Blumberg

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The approval of spot Bitcoin ETFs by the Securities and Exchange Commission dominated trends in the first quarter of 2024. But how did we even get to this point? While Bitcoin has been around since 2009, cryptocurrencies have quickly evolved from digital novelties to trillion-dollar technologies, poised to disrupt the global financial system. Digital currencies are being increasingly viewed as investments, which is why advisors need to be educated about the subject.

In this episode, Shannon Rosic, director of WealthStack content and solutions, speaks with Adam Blumberg, co-founder of Interaxis, about how advisors can prepare themselves and their clients for a crypto-inclusive future. 

Shannon and Adam also discuss:

  • The current regulatory landscape 
  • Crypto’s viability as an investment
  • The implications of blockchain technology 
  • Why decentralized finance and Web3 represent significant advancements 

Connect with Shannon Rosic:

Connect with Adam Blumberg:

About Our Guest:

Adam is a Certified Financial Planner, and a former registered investment advisor. He co-founded Interaxis in 2019 to educate advisors and investors on digital assets and decentralized finance. His Interaxis YouTube channel is viewed by thousands across the globe. He is a regular contributor to Coindesk’s Crypto for Advisors and was featured on Bloomberg TV and Blockworks. 



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The WealthStack Podcast: Top Tactics For High-Growth Firms WIth Sara Baker

The WealthStack Podcast: Top Tactics For High-Growth Firms WIth Sara Baker

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For years, firms have benefited from a rising equity market and an equally long period of near-zero interest rates. RIAs found themselves in a position where they could achieve growth with minimal effort. However, most executives in wealth management are not content with this passive approach to growth. The secret to RIA growth lies in keeping sight of their priorities. In order to differentiate in a ‘sea of sameness,’ RIAs have turned their attention to innovation and tailored client experiences. 

In this episode, Shannon Rosic, director of WealthStack content and solutions, speaks with Sara Baker, president of Triad Wealth Partners, about the tactics high-growth firms are focusing on in order to succeed.

Shannon and Sara also discuss:

  • Why refining service models could lead to growth 
  • The imperative role of technology in scaling operations and improving client experiences
  • The critical distinction between growth and scale for firms
  • How to balance innovation and tradition within an organization

Connect with Shannon Rosic:

Connect with Sara Baker:

About Our Guest:

Sara Baker, JD, LLM, is President of Triad Wealth Partners. She is a leader with over 15 years of financial services experience in M&A, integrations, start-ups, product operations, project management, strategic planning, tax planning, and advanced financial planning. 



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The Wealthstack Podcast: What’s Next in WealthTech With Joel Bruckenstein

The Wealthstack Podcast: What’s Next in WealthTech With Joel Bruckenstein

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The advent of wealthtech represents both a significant opportunity and a challenge. On one hand, it offers tools that can enhance efficiency, improve client engagement, and enable more personalized, data-driven advice. On the other hand, it demands a shift in mindset and skill set, requiring advisors to become adept at integrating new technologies into their practice. The implications of wealthtech extend beyond operational efficiency to fundamentally altering the value proposition of financial advisors, compelling them to differentiate themselves through the quality of their insights and their ability to deliver comprehensive, client-centric solutions.

In this episode, Shannon Rosic, director of WealthStack content and solutions, speaks with Joel Bruckenstein, President of T3, about the transformative impact of technology on wealth management.

Shannon and Joel also discuss:

  • T3/Inside Information Software Survey takeaways 
  • Digital strategies for engaging nextgen clients
  • What popular wealthtech trends he disagrees with
  • The burgeoning role of AI in wealth management

Connect with Shannon Rosic:

Connect with Joel Bruckenstein:

About Our Guest:

Joel P. Bruckenstein, CFP®, is a globally recognized authority in the field of applied technology for financial professionals. He is renowned as the Publisher of Technology Tools for Today (T3), formerly known as Virtual Office News and now known as the T3 Tech Hub.

As the driving force behind the esteemed T3 Advisor Conference, Bruckenstein has established it as the preeminent technology event for independent financial advisors executives from independent broker/dealers and executives from large registered investment advisory firms. The conference also welcomes fintech journalists, private equity firms, and asset managers that support the wealthtech ecosystem. Celebrating its 20th year in 2024, the conference has consistently delivered unparalleled value to its attendees.

Beyond these major conferences, Bruckenstein partners with influential thought leaders in the financial services industry, such as Brian Hamburger of MarketCounsel, to host various technology summits.

For over two decades, Bruckenstein has been advising financial service firms of all sizes, aiding them in enhancing their technological infrastructure, streamlining processes, and optimizing workflows.



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The Wealthstack Podcast: Going From Wealth Advisor to a Wealth Coach With Urs Bolt

The Wealthstack Podcast: Going From Wealth Advisor to a Wealth Coach With Urs Bolt

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Financial advisors are much more than just “money experts”, and their role is evolving from traditional wealth advising to a more personalized wealth coaching approach. As the needs of investors become more complex, advisors are relying heavily on technology to help them become more efficient and streamline operations. By saving time and money, they’re truly able to focus on a holistic approach for their clients.

In this episode, Shannon Rosic, director of WealthStack content and solutions, speaks with Urs Bolt, a well known financial mentor and coach, about what’s driving this shift.

Shannon and Urs also discuss:

  • How personalization drives innovation
  • Where advisors, coupled with technology, can add value
  • The significance of financial literacy
  • Trends in the wealthtech space outside of the US

Connect with Shannon Rosic:

Connect with Urs Bolt:

About Our Guest:

Urs Bolt is an expert in WealthTech and ecosystems in (crypto) finance, based in Switzerland. 30+ years’ experience in wealth management, investment banking and related technology businesses. My core expertise is to develop and roll out new digital business platforms.

He helps financial service providers and tech companies to review/refocus business strategies, advise on strategic projects, develop solutions and markets, and build business partnerships.

He is also active as a speaker, moderator, micro-blogger, lecturer, and author; recognised as a global opinion leader in #WealthManagement, #WealthTech, #DigitalAssets.

In addition to this, Bolt is a member of advisory boards and jury panels: FT PWM WealthTech Awards, Global Wealth & Society, WealthBriefing Editorial Board and Swiss Awards, Blockchain Competition for Finance.



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The WealthStack Podcast: Measuring Tech ROI with John Spyers of Buckingham Wealth Partners

The WealthStack Podcast: Measuring Tech ROI with John Spyers of Buckingham Wealth Partners

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Evaluating technology ROI is crucial for ensuring that investments in digital tools and platforms directly contribute to operational efficiency and client satisfaction. This process helps to align technology spending with the firm’s strategic goals, driving growth and enhancing the value delivered to clients. Ultimately, evolving digital experiences for clients and advisors can help firms deliver stronger wealth solutions.

In this episode, Shannon Rosic, Director of WealthStack Content and Solutions, speaks with John Spyers, Chief Information and Technology Officer at Buckingham Wealth Partners, about how productivity solutions are resulting in real ROI for firms. 

Shannon and John also discuss:

  • Differentiating the client experience with automation
  • The critical balance between security and innovation
  • How to prioritize technology initiatives throughout a firm’s digital transformation
  • Buckingham’s approach to digital transformation

Connect with Shannon Rosic:

Connect with John Spyers:

About Our Guest:

John Spyers oversees the day-to-day management of the Technology, Data Operations, Product Support, Service Operations, and Onboarding & Integration teams. He helps identify and design solutions that allow Buckingham Strategic Wealth’s technology and other operational areas to be better utilized in order to improve processes and increase efficiency.

John, who joined Buckingham in 2015, is drawn to technology because of its ability to change people’s lives and reshape businesses. In his role, he is able to watch that play out first-hand as his team delivers solutions to help advisors and clients. He gets great reward in interacting with colleagues throughout the organization, challenging each other and continually searching for ways to do things better on behalf of our clients.

Prior to joining Buckingham, John worked for 15 years at Perficient, a technology consulting organization based in St. Louis, and held roles such as director of operations, director of solution delivery and director of corporate projects. He has a bachelor’s degree from Washington University in St. Louis in finance and operations and manufacturing management.

John lives in Wentzville, Missouri, with his wife, Devon, and their two sons, Grayson and William.



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