Tag: Financial Services

Technology Automation or Augmentation?

The Forces of Technology: Automation and Augmentation We are starting to see the signs of a major technology shift in wealth management that is being driven by two factors: automation and augmentation. Automation refers to the replacement or total disruption of human tasks and processes, while augmentation is about enhancing human expertise — such as […]

Read More

Solutions for Client-Focused Reforms

With the recent publishing of new Client-Focused Reform regulation, advisors and dealers are challenged with a new compliance obligation.  Our IE article this month provides some background on the reg and strategies to remain compliant. With the recent publication of new client-focused reforms (CFRs) on Oct. 3, advisors may be considering how they will meet yet another […]

Read More

Overcoming the Digital Transformation Challenge

Greg Satell’s article does a great job of identifying the challenges of digital transformation. He begins by referencing McKinsey’s highly discouraging estimate that only 1/3 of all digital transformations succeed. It is one of the highest priorities for every financial services organization, yet success is surprisingly elusive! The article’s focus on people vs. technology is […]

Read More

Reducing Regulatory Burden

This recent G+M article provides a good summary of the Regulatory Burden Reduction initiative that the OSC and other CSA partners have initiated. As the article states “burden reduction and investor protection can be mutually compatible”; however, careful consideration is required to ensure that investor protection is maintained while removing compliance friction from the investment […]

Read More

ETF Facts to be delivered December 10th

‘If you invest in an exchange-traded fund, you should have a better idea of exactly what it is by early December. The Canadian Securities Administrators has set December 10th as the deadline for ETF dealers to deliver a disclosure document called “ETF Facts”.’ Check out Dale Jackson’s recent post on BNNBloomberg.

Read More

Digital Transformation – winning the 4 fights

This McKinsey & Co. article “Digital Strategy – the Four Fights you have to win” is an excellent summary of the digital hurdles that lurk in many organizations.  As we join our clients on their digital journeys, we see examples of these 4 fights around every corner.  The article talks about the risk of incrementalism – […]

Read More

E-advisors Outperform their Rivals by 40%

Does the role of technology simply reduce costs and increase productivity?  A recent report by Fidelity Clearing indicates that there are bigger benefits – including 42% higher AUM and 24% higher compensation for e-advisors (tech-savvy) – this report is an important read and sheds some new light on the value of technology in the advice […]

Read More

The Role of Open Banking in Digital Transformation

We were recently interviewed for an article in Wealth Professional on the subject of Open Banking and how this movement will be a catalyst for digital transformation.  I was interested to read McKinsey’s interview of 3 fintech CEOs on the same subject this morning.  In order to balance the demands of new regulations and to […]

Read More

The Strategic Value of Blockchain

At our recent client conference, one of the sessions was on the strategic value of blockchain.  We are exploring the application of blockchain with several client applications and in doing so, the same question comes up – what is the strategic value?  This article by McKinsey does a great job of positioning its value within […]

Read More