|
Libretto, the “total wealth” advice platform for RIAs and family offices, recently achieved high client satisfaction ratings in the 2026 T3 / Inside Information Software Survey – a widely referenced study in the wealthtech industry. Libretto earned the highest user satisfaction rating among firms with more than 1% market share in the Financial Planning Software and Portfolio Design Solutions categories. The results of the annual technology survey and report, produced by Joel Bruckenstein of T3 Technology Tools for Today and Bob Veres of Inside Information, were unveiled and presented live at the 2026 T3 Technology Conference, which took place March 9-12 in New Orleans and saw over 1,000 total attendees. The survey is one of the most widely referenced attempts to quantify what technology advisors are using, what they want to see more of, and which solutions they like best. Technology firms are ranked based on advisor input. Originally posted on Business Wire on May 26, 2026. Read the full article here. Nearly every fintech solution on the market is adding AI capabilities and fast-coding more features—and the tech world today has become almost unrecognizable. The T3 Conference sessions and exhibit hall this year included new AI user interfaces, AI- powered document reading, summarizing and retrieval, notetaking capabilities, and the evolution of notetaking solutions in a variety of directions. Keeping up is impossible, but incorporating has never been easier. In this flux period, advisory firms should ask for what they need, pay attention if they aren’t able to get it (because everybody else can program it easily—or get AI to do it), and surf the changes as they unfold. The great thing about this AI arms race is that at the end of the day, everybody wants to make advisors more productive and happier. Originally published in Bob Veres' Inside Information in March 2026. Read full article here. *Used with permission from Inside Information (Bob Veres publisher): Get a full subscription at www.BobVeres.com. The association you seldom hear about - the Alliance of Comprehensive Planners (ACP) - is now at the center of several trends in the profession—and reaching out to new members. The ACP’s training and mentoring makes it possible for career changers, tax preparers and former CFP students to rapidly build the necessary skills to profitably offer professional advice. Its training has been modernized and made more accessible to a wider audience, and the tax-oriented planning organization with a reputation for flat fee billing is actively recruiting new members. “We’ve trained a lot of advisors over the past 30 years,” says Wesley Stien, founder of Lodestar Financial Management in Arlington, VA, who is ACP’s immediate past president. “But for a long time, our training program was in binders. The world has changed a lot since then, and we decided that we wanted to catch up.” The ACP provides training to career changers who want to build a sustainable business, and new advisors who want a proven system to provide advice and service. The ACP model of financial planning includes seven core concepts that the community uses with clients and in their business practices. The original iteration of ACP required advisors to charge directly for their services. It's still the home of many non-AUM advisory firms. Originally published in Bob Veres' Inside Information in February 2026. Read full article here. *Used with permission from Inside Information (Bob Veres publisher): Get a full subscription at www.BobVeres.com. It’s hard to remember anything comparable to Morningstar’s decision to shutter Morningstar Office and force its roughly 1,700 U.S. based advisory firm customers to move thousands of client accounts to a new portfolio management platform. The situation is complicated by several factors. Different advisory firms have different expiring dates on their Office contracts, making the switch urgent or not. Instead of selling Office, Morningstar negotiated an arrangement with SS&C Black Diamond where Morningstar will receive some undisclosed compensation for Office users that decide to migrate to the Black Diamond platform. Black Diamond is offering discounts to entice firms to accept Morningstar’s hoped-for handoff, but so too are a variety of other portfolio management software platforms who are competing for the business, including Advyzon. Originally published in Bob Veres' Inside Information on May 27, 2025. Read full article here. *Used with permission from Inside Information (Bob Veres publisher): Get a full subscription at www.BobVeres.com. Ever wonder whether the firm down the street is experimenting with how it charges clients? Bob Veres of Inside Information takes a look at the state of the profession’s revenue model via the 2022 Billing and Fee study from Advyzon, a comprehensive service and technology platform and portfolio management solution for financial advisors and investment managers. Bottom line: Nearly all firms are charging some of their clients based on something other than AUM, but nearly all are charging AUM for most of the people they work with. In addition, nearly 40% of advisors offer some form of flat-fee option. Originally published by Inside Information on January 29, 2023. Read full article here. *Used with permission from Inside Information (Bob Veres publisher): Get a full subscription at www.BobVeres.com. |
ABOUT
Contributions to Fiduciary Voices are provided by independent financial advisors and other professionals who are vetted by an editorial team. Categories
All
|