Revolutionizing Financial Advising through Technology with Jason Van Thiel
We are joined by Jason Van Thiel, the director of research for Helios - investment management, wealth management, and FinTech platform. We discuss how technology has changed the landscape for financial advisory, wealth management, and asset management in terms of how advisors work with their clients and their need to do more for them. We talk about the baby boomer retirement trend and the consolidation that it is causing within the industry. Jason also gives insight into how advisors can be proactive in their communication with clients by leveraging technology and segmenting their books to deliver personalized communication. We then delve into Helios’ white-labeled back office solution that allows advisors to outsource asset management programs while continuing to own their asset management program. Jason shares his experience as a former employee of large household name firms and provides tips on how financial advisors can remain disciplined during this challenging market environment, such as using trend-following methods. Tune in now to gain valuable insight into how technology is revolutionizing financial advising! [00:07 - 13:42] The Wealth Management IndustryTechnology has enabled financial advisors to provide more services to their clientsHelios provides a white-labeled back office solution for advisors to focus on where they excelHelios uses the term "insourced CIO" which is different from an outsourced CIOAdvisors need to pay attention to data points and give clients simple, cogent information [13:43 - 22:34] Being Relevant in an Ever-Changing IndustryLoosened barriers to spinning out with service providers and partnersGenerational change and wealth transfer from baby boomers to millennials/Gen ZAcademic trends following research can guide risk positioningAlternatives to the market such as fixed income, direct real estate, private credit, etc. becoming more attractive [22:35 - 31:35] Leveraging Technology to Democratize Investment Management Democratization of investment management has made it easier for financial advisors to access different platformsFinancial advisors should increase communication and transparency with clients during times of uncertaintyClients should be segmented and given personalized communications based on their preferences [31:36 - 33:42] Closing Segment Quote/s: "But I think with technology as an enablement, if you do that smartly and intelligently that will help the advisor and the shop that's done their homework lead to better outcomes." - Jason Van Theil Connect with Jason:Email: [email protected] LinkedIn: https://www.linkedin.com/in/jasonvanthiel/ Connect with me on LinkedIn!LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.