Back in 2016, I updated one of my posts about the Fujitsu ScanSnap S1500 compatibility with Mac OS X Mavericks so that my workhorse of a scanner can still be used with modern software without having to decommission the scanner and purchase a new one.

I hesitated updating Mac OS X beyond High Sierra on my desktop machine strictly to maintain functionality of my ScanSnap S1500.

ScanSnap Manager V7

With the recent release of ScanSnap Manager V7, Fujitsu now offers 64-bit software compatible with the latest versions of Mac OS X, including Sierra, Catalina, and Monterey.

Follow the link below to Fujitsu’s ScanSnap Manager V7 Download page and select the links for the model of your scanner:

https://www.pfu.ricoh.com/global/scanners/scansnap/ssmanagerv7/

If you prefer to link directly to the .dmg file from Fujitsu’s website for the ScanSnap S1500, here it is (706 MB):

https://origin.pfultd.com/downloads/ss/ssinst/ww/MacSSInst2WW.dmg

Given the sudden increase in work-from-home flexibility, I’m publishing a quick list of my top suggestions to improve virtual meetings and live stream video broadcasts.

Have any suggestions or questions? The best place is to ask me on Twitter, I’m @BillWinterberg.

Bill Winterberg’s Remote Video Tips

• A good background, mainly clean of clutter, matters and minimizes viewer distractions
• Know how to lock your camera’s focus and exposure settings (which also minimizes distractions)
• One decent light shining on your face, or sitting in front of a window for natural light, makes a huge difference
• Stand up whenever possible; it increases your energy and your lung capacity when speaking
• Avoid using your laptop’s webcam when working on a desk, as it generally points up into your nose. Raise the laptop to eye level whenever possible
• Know how to share slides, your desktop, or other visual aids to break up the visual monotony. When  sharing your desktop, know how to disable or hide your desktop-based popup notifications
• Look at your camera, not your screen, when talking as it better engages your viewer with “eye contact.” If you need it, place a Post It note next to your camera that has a big arrow pointing at the camera and says “LOOK HERE (and )”
• If you wear a headset or headphones, run the cord BEHIND your head and back instead of dangling in front of your shoulders (again, another distraction to avoid)

From Schwab IMPACT® 2019, I connected with Envestnet | Tamarac SVP Julie Williams to learn about ways financial advisers are leveraging the company’s technology platform to grow and scale their business.

Also, be sure to save the date for the 2020 Envestnet Advisor Summit, coming April 29 and 30 in Austin, TX.

Visit https://www.envestnet.com/advisorsummit/ for more information.

Click here to watch on YouTube.

IMPACT® 2019 coverage sponsored by Envestnet | Tamarac. Sign up for a demo at http://www.fppad.com/tamarac

Music: The Zampetti Yeti by Mikey Geiger, licensed via Soundstripe:
https://soundstripe.grsm.io/billwinterberg

In what’s becoming an annual tradition while attending the Schwab IMPACT® conference, I once again connected with John Connor, VP of Digital Advisor Solutions with Charles Schwab to tour a sampling of the vendors participating in the “Tech Alley” in The Exchange.

Join us as we engage six advisor technology vendors during our tour to learn how each of them helps advisors be more efficient when offering services to clients. Tour stops include:

Orion Advisor Tech: https://orionadvisortech.com/
AdvicePay: https://advicepay.com/
Agreement Express: https://agreementexpress.com/
RightCapital: https://www.rightcapital.com/
Flyer: https://fixflyer.com/
Morningstar Inc: https://www.morningstar.com/

Click here to watch on YouTube

See all the solution providers listed in Schwab OpenView MarketSquare at: https://advisorservices.schwab.com/provider-solutions

IMPACT® 2019 coverage sponsored by Envestnet | Tamarac. Sign up for a demo at http://www.fppad.com/tamarac

Music: Jimmy Two Times by Dresden and The Flamingo, licensed via Soundstripe: https://soundstripe.grsm.io/billwinterberg

From Schwab IMPACT® 2019, I connected with Kartik Srinivasan, Managing Director – Digital Advisor Solutions at Charles Schwab to get updated on the progress Schwab Advisor Services has made with fintech integrations.

We cover one of the multiple opportunities attendees of Schwab IMPACT® 2019 have to view the latest integrations available as well as hear from vendors and advisors address the ways they are leveraging integrations in their business.

Click here to watch on YouTube

IMPACT® 2019 coverage sponsored by Envestnet | Tamarac. Sign up for a demo at http://www.fppad.com/tamarac

Music: The Zampetti Yeti by Mikey Geiger, licensed via Soundstripe:
https://soundstripe.grsm.io/billwinterberg

From Schwab IMPACT® 2019, I met with Andrew Salesky, Sr. Vice President of Digital Advisor Solutions at Charles Schwab to discuss the company’s technology announcements over the past year, and update financial advisers on the Schwab Advisor Services roadmap for the near future.

Click here to watch on YouTube.

We cover the latest in the Digital Account Open functionality, the addition of status transparency between financial advisers and the Schwab back office, updates to Portfolio Connect, and more.

IMPACT® 2019 coverage sponsored by Envestnet | Tamarac. Sign up for a demo at http://www.fppad.com/tamarac

Music: The Heart Is by Strength To Last, licensed via Soundstripe:
https://soundstripe.grsm.io/billwinterberg

Click here to watch the video on YouTube: https://youtu.be/4PcKDgLt_aI
2019 Envestnet Advisor Summit video coverage sponsored by Envestnet, Inc. Visit https://www.envestnet.com/ for more information.

Envestnet is a leading provider of integrated portfolio, practice management, and reporting solutions to financial advisors and institutions. The company’s open architecture platform encompasses a broad range of institutional-quality research, investment products, and advisory resources. The Envestnet Platform gives financial professionals the tools to conquer complexity and drive success.

In May 2019, I attended the 2019 Envestnet Advisor Summit in Austin, Texas to highlight many of the changes and announcements made over the prior 12 months. In the promotional video of day two above, I learned what’s new in the Envestnet product roadmap, heard what financial advisers want from their technology provider, learned about the new acquisition of MoneyGuide, and how Bill Crager feels the company is positioned to deliver Financial Wellness to millions of households in America.

So how do you feel Envestnet is positioned in the financial services industry to help financial professionals meet client needs? Have their recent acquisitions made you feel more optimistic about the role of technology in wealth management?

Share your thoughts and comments below!

Click here to watch the video on YouTube: https://youtu.be/3pTY1iP_MD8
2019 Envestnet Advisor Summit video coverage sponsored by Envestnet, Inc. Visit https://www.envestnet.com/ for more information.

Envestnet is a leading provider of integrated portfolio, practice management, and reporting solutions to financial advisors and institutions. The company’s open architecture platform encompasses a broad range of institutional-quality research, investment products, and advisory resources. The Envestnet Platform gives financial professionals the tools to conquer complexity and drive success.

In May 2019, I attended the 2019 Envestnet Advisor Summit in Austin, Texas to highlight many of the changes and announcements made over the prior 12 months. In the promotional video of day one above, I spoke with CEO Jud Bergman about ways the company is empowering financial professionals to be transformative leaders for their clients, summarized the latest enhancements to the Envestnet | Tamarac software platform for advisers, introduced new leadership roles within the company, and more.

So how do you feel Envestnet is positioned in the financial services industry to help financial professionals meet client needs? Have their recent acquisitions made you feel more optimistic about the role of technology in wealth management?

Share your thoughts and comments below!

Get your special pricing at http://fppad.com/datapoints

An Introduction to DataPoints®

I first met Sarah Stanley Fallaw, Ph.D., founder and president of DataPoints®, in 2016 as the company is based in Atlanta, making it super convenient to connect. As I learned about the financial technology startup’s value proposition of introducing behavioral science tools into the business of financial planners and coaches, I encouraged them to apply to the XY Planning Network’s first fintech competition. While they didn’t win that year’s competition, DataPoints® presented along with five other finalists to XY Planning Network attendees and received immediate feedback from those interested in adopting behavioral science tools.

Behavioral Science Tools

Fast forward to today, as DataPoints® is now in production as software solution designed to help financial planners and coaches add behavioral science to the services they offer to clients. I met with Sarah Fallaw, Ph.D., founder and president of DataPoints®, to learn about her background and how she’s bringing decades of research and industrial psychology principles to the domain of financial services to improve the outcomes of clients and investors.

Watch the demo video embedded above to learn how adopting the DataPoints® tools can facilitate conversations and planning strategies that can help your clients meet their goals.

Win a Copy of The Next Millionaire Next Door

In addition, Sarah and I arranged a giveaway of five copies of the new The Next Millionaire Next Door (<-Amazon affiliate link!) book, co authored by Sarah Stanley Fallaw Ph.D. and her late father Thomas J. Stanley Ph.D. Just hit the like icon and leave a comment below the video on YouTube before March 31, 2019, and I will select five random commenters to receive a free copy of the book. Good luck, and thanks for watching!

0:14 Introduction and Sarah Fallaw’s background
1:50 How Industrial Psychology can be applied to personal finance
4:53 The mission of DataPoints®
7:25 Who DataPoints® works with
9:13 Ways DataPoints® is used by financial coaches and planners
11:52 The Behavioral Science Toolkit
12:22 The DataPoints® software demo
15:07 The DataPoints® dashboard
17:02 DataPoints® Advise and the survey process
19:35 Example of advisor reports
23:10 Additional education resources provided by DataPoints®
23:42 How long does it take to learn how to use DataPoints®?
25:02 The Financial Perspectives assessment
25:38 How reliable are the DataPoints® assessments?
28:12 What additional reference materials are available in DataPoints®
34:11 How assessment insights can facilitate conversations around money and finances
37:16 Example of reports available for clients and customers
39:55 How to connect with DataPoints® and try the software (and get a discount code for FPPad viewers!)
41:03 How to win a copy of The Next Millionaire Next Door book!

Click here to watch the video on YouTube

2019 TD Ameritrade Institutional National LINC coverage sponsored by Envestnet | Tamarac Sign up for a demo at http://www.fppad.com/tamarac

PLAN-IT Wins Innovation Quest

Watch the finals of the inaugural Innovation Quest competition hosted by TD Ameritrade Institutional, where three companies each delivered a 15-minute pitch to an audience of some 2,000 independent registered investment advisors (RIAs) and panel of judges at the TD Ameritrade Institutional1 2019 National LINC conference.

Derrick Wesley of iMar Learning Solutions and his idea, Plan-It, are the grand prize winners of this year’s Innovation Quest. I spoke with Derrick after the award ceremony to learn about his inspiration for the financial literacy app and how TD Ameritrade Institutional helped him bring his idea to life.

Click here to watch this video on YouTube

2019 TD Ameritrade Institutional National LINC coverage sponsored by Envestnet | Tamarac Sign up for a demo at http://www.fppad.com/tamarac

I connected with technology executives from TD Ameritrade Institutional at the 2019 National LINC conference to get all the updates on how TD Ameritrade Institutional is pushing the envelope on Veo One, technology innovation, and enhancing the client experience.

Innovation and AdvisorClient Updates

First up is Jon Patullo, Managing Director, Technology Product Management for TD Ameritrade Institutional to discuss Innovation Alley, new TD Ameritrade Institutional skills for Alexa, and updates to the AdvisorClient user experience.

Growth of Veo Open Access

Then I met with Marcel Tsai, Senior Product Manager, Technology Solutions for TD Ameritrade Institutional to discuss the latest statistics of the Veo Open Access solution provider network and identify the vendors that are integrated with Veo One.

Veo One® Enhancements and Innovation Quest

Finally I met with Chris Valleley, Director of Technology Solutions for TD Ameritrade Institutional to discuss the functionality present in Veo One for financial advisers and highlight the new Innovation Quest competition being introduced at the 2019 National LINC conference.

Get your special pricing at http://fppad.com/lifeyield

Promotional consideration for this demo was provided by LifeYield. See all disclosures at fppad.com/disclaimer

Most financial advisors help clients determine an appropriate asset allocation. With LifeYield, financial professionals can now also optimize their asset location.

LifeYield’s Proposal Advantage measures the efficiency of a client’s asset location by using the Taxficient Score®. The higher the score, the more tax-efficient a portfolio is.

Tax-efficiency is improved by placing assets with high tax rates in tax-advantaged accounts and those with low tax rates in taxable accounts. This minimizes a client’s taxes and maximizes after-tax returns.

4:16 LifeYield Dashboard Features
5:56 LifeYield Sample Scenario
9:06 How to illustrate Social Security “break-even” strategies
10:47 How to estimate “Income Gap” capital requirements
16:26 Proposal Advantage and the LifeYield Taxficient Score®
19:35 How to generate a quick proposal for clients
24:33 Client Portfolio View in LifeYield
26:07 Is it possible to get a Taxficient Score of 100?
27:22 How to configure “equivalent groups” in LifeYield
31:20 Detail of the Taxficient Score Analysis
34:27 How the Taxficient Score can facilitate an advisor’s value proposition
39:02 View the detailed Taxficient Score report
40:59 How to see which activities impact the Taxficient Score, and by how much
46:05 A preview of what’s coming soon in LifeYield

Envestnet | Yodlee Acquires Abe AI to Revolutionize Financial Wellness and Wealth Management with Conversational AI from Yodlee

PIEtech, Inc. ® Expands its MoneyGuide Platform to Meet Different Advisor Needs, Adds Two Powerful New Financial Planning Solutions from GlobeNewswire

XY Investment Solutions Announces New Partnership with Orion Enterprise from PRNewswire

NOTE: Please see my conflicts of interest regarding Envestnet, Orion Advisor Services, and XY Planning Network, all mentioned in today’s briefing:
http://fppad.com/disclaimer

Welcome to a new FPPad fintech briefing, Here are the top fintech stories you need to know today.

Envestnet | Yodlee Acquires Abe AI

Envestnet | Yodlee is expanding its capabilities in artificial intelligence, as the company announced the acquisition of Abe AI for its conversational banking technology. Founded in 2016, Abe AI is best known for AI-powered chatbots used by financial institutions to engage customers with messaging platforms like SMS, Slack, and Facebook Messenger as well as the voice-first platforms of Amazon Alexa and Google Home.

According to the company press release, Envestnet will add Conversational AI to Yodlee’s financial wellness apps and APIs, other retail banking solutions, and in the future, Envestnet’s wealth management offerings.

PIETech Announces MoneyGuideOne and MoneyGuideElite

In financial planning news, PIETech, the creators of MoneyGuidePro, announced the introduction of two new products that are powered by the company’s flagship software. The first is MoneyGuideOne, a streamlined version of MoneyGuidePro, that targets advisors who have not performed financial planning in the past, to create financial plans in minutes without compromising on quality.

The second product is MoneyGuideElite, an advanced planning product that supports sophisticated illustrations for lifetime insurance analysis, portfolio and social security income modeling, and more.

XYIS Announces Partnership with Orion Advisor Services

And finally, the XY Planning Network just announced a new partnership between its XY Investment Solutions subsidiary and Orion Advisor Services. The new partnership will leverage Orion’s new Enterprise platform to offer integrated portfolio management technology and an advanced investment management experience to advisors that use XY Investment Solutions for investment management.

I caught up with XYIS director Brandon Moss to get more information.

This partnership with Orion Enterprise puts our advisors using XYIS on par with the capabilities of the biggest and baddest RIAs in the country. They’ll no longer have to worry about whether they’re missing out on something by not signing up with a robo, but even the broader aspects a large national RIA might have, all of that is there, and Orion Enterprise is giving us the same robo-sytle capabilities for front-end type activities, but all of the flexibility that advisors are truly looking for from an automated platform.

Brandon Moss, XYIS Director

For more details on this news and more, head over to FPPad.com/flashbriefing to find the links to today’s top stories.

And don’t forget to leave a 5-star review in the Alexa app if you enjoy the FPPad Fintech Update.

I’m Bill Winterberg, and those are your fintech headlines for today from FPPad.com. Check back in with me later for more fintech news.

Here are the links to today’s top stories:

Logging In to Your Bank Account Is Now a $3 Billion Business from Bloomberg

Quovo is joining Plaid from Plaid.com

SEC sanctions robo-advisers Wealthfront, Hedgeable from Reuters

Introducing the All-New Wealthbox Mobile App for iOS from Wealthbox

[Disclosure: I provided marketing services to Wealthbox within the last 12 months. See all my disclosures at fppad.com/disclaimer ]

Welcome to a new FPPad fintech briefing, Here are the top fintech stories you need to know today.

Plaid Acquires Quovo

Financial account aggregation provider Plaid started off 2019 with one of the first large #fintech acquisitions, announcing earlier this week that it will acquire Quovo, a competing account aggregation company, in a deal that Bloomberg reported could be worth roughly $200 million dollars after performance bonuses are factored in to the price.

Most consumers aren’t aware of Plaid, as the company focuses on helping other financial applications such as Venmo, Betterment, and Robinhood, connect to customer bank and credit card accounts in order to verify account information. According to a company blog post, Plaid will use the Quovo acquisition to expand its data aggregation capabilities to include investment and brokerage accounts.

SEC Fines Wealthfront and Hedgeable

In regulatory news, the Securities and Exchange Commission took its first enforcement actions on two automated investment services, commonly referred to as robo-advisors, as it fined both Wealthfront and Hedgeable for making false statements in marketing materials to potential customers.

The SEC fined Wealthfront $250,000 dollars for claiming the company would avoid all wash-sale transactions in its tax-loss harvesting algorithms, when three years of trading history showed that wash sales were indeed triggered in at least 31 percent of customer accounts. The SEC also issued an $80,000 fine to Hedgeable for allegedly misleading portfolio performance reports that included performance data from less than 4 percent of client accounts.

Wealthbox Releases All-New Mobile App for iOS

And finally, in CRM news for financial advisers this week, Wealthbox announced the release of an all-new mobile app for iOS devices. The mobile companion to Wealthbox CRM supports Touch ID or Face ID for account authentication, single-tap quick actions for frequently used functions, support for native dictation, and more.

Here’s Steve Carroll, Product Manager for Wealthbox, with more information:

The all-new Wealthbox Mobile app is completely rebuilt and and redesigned for today’s modern financial advisor. This companion app is completely in sync with the full-featured functionality the web-based Wealthbox product, and has many convenient mobile features like bio authentication and native dictation for advisors on the go.

For more information on this news and more, head over to FPPad.com/flashbriefing to find the links to today’s top stories.

And don’t forget to leave a 5-star review in the Alexa app if you enjoy the FPPad Fintech Update.

I’m Bill Winterberg, and those are your fintech headlines for today from FPPad.com. Check back in with me later for more fintech news.

Disclosure: Wealthbox and its owner Starburst Labs have purchased marketing services from Bill Winterberg in the last 12 months. See all disclosures here: fppad.com/disclaimer

Here are the links to today’s stop stories:

Robinhood’s options trading stopped working, and customers are furious over the money they say they lost from Business Insider

Robinhood Will Offer Checking Service Promising 3% Interest from Bloomberg

and Robinhood Will Retool Checking Product Following Scrutiny from Bloomberg

TD Ameritrade Institutional and Wealthbox CRM Collaborate to Automate Account Openings for RIAs from PRNewswire

Welcome to a new FPPad fintech briefing, Here are the top fintech stories you need to know today.

Robinhood Outage Impacts Options Trading

It was a tough week for Robinhood, the zero-commission stock and cryptocurrency trading app, as the company first suffered a significant outage related to stock option trading on Wednesday December 12th.

According to a Business Insider article, a Robinhood spokesperson said the outage impacted “a smaller percentage of customers” and trading was limited, “as a precautionary measure.”

Nevertheless, a number of Robinhood users voiced their frustration on Twitter, posting a series of tweets showing rejected option trades in their accounts and complaining of losses they felt they realized due to the outage in trading.

Robinhood Rescinds “Checking and Savings” Feature

Then on Thursday, Robinhood announced a new brokerage feature it called “Checking and Savings,” that promised a 3% interest rate on cash, support for bill pay and direct deposit, all of which Robinhood claimed was insured under SIPC protection.

But in response to swift industry backlash, Robinhood removed all of its marketing material for “Checking and Savings” just 36 hours later and replaced it with a reference to potential “cash management” features to be released at a later time. The most concerning feedback surrounding the feature launch came from SIPC president and CEO Stephen Harbeck, who went on the record to say that he doubted cash deposited for the Checking and Savings feature would be covered and insured under the non-government member agency’s rules and requirements.

TD Ameritrade Institutional and Wealthbox CRM Automate Account Openings

And switching gears to fintech news for financial advisers, Wealthbox, the provider of CRM solutions for advisers, announced a new automated account opening feature integrated with TD Ameritrade Institutional’s Veo platform.
The integration allows advisers using Wealthbox CRM to pre-fill client information into Veo and Veo One account-opening forms directly from the contact record page in Wealthbox.

Here’s Wealthbox CEO John Rourke with more:

Wealthbox continues to fathom the depths of Veo One integration resulting in fewer steps.
For advisers to help investors the Wealthbox app is a breeze.
From millennials to empty nesters, opening new accounts is now done with ease.

For more information on this news and more, head over to FPPad.com/flashbriefing to find the links to today’s top stories.

I’m Bill Winterberg, and those are your fintech headlines for today from FPPad.com. Check back in with me later for more fintech news.

Here are the links to today’s top stories:

Introducing Free Financial Planning from Wealthfront

SEI Strengthens Automated Workflows through Strategic Partnership with Advizr from PRNewswire

See the New RightCapital/Advyzon Integration in Action from RightCapital

Welcome to a new FPPad fintech briefing, Here are the top fintech stories you need to know today.

Introducing Free Financial Planning from Wealthfront

Today’s update is all about financial planning software, with the first story coming from Wealthfront, the Silicon Valley-based automated investment service with over 220,000 clients. This week the company announced it will now offer free access to its propriety financial planning software called Path with no investment account required.

Originally launched in February 2017, Path allows customers to illustrate the hypothetical growth of stock market investments, estimate home affordability, calculate projected college tuition costs, and more. Prior to the announcement, investors needed $500 to open a Wealthfront investment account in order to use Path, so the minimum fee to access the service was 25 basis points of $500, or just one dollar and twenty five cents.

SEI Strengthens Automated Workflows through Strategic Partnership with Advizr

Next up is news about Advizr, as SEI Investments recently announced an integration with financial planning software from Advizr to expand the company’s BusinessWise Program for financial professionals. SEI works with over 7,500 financial advisers under its SEI Advisor Network, which was recently rebranded to Independent Advisor Solutions by SEI, and the addition of Advizr to the BusinessWise Program is intended to offer financial professionals the choice of implementing a focused, modular financial plan or a completely holistic plan when engaging clients in the planning process.

See the New RightCapital/Advyzon Integration in Action

And finally, in news from from RightCapital, the financial planning software provider announced a new integration with Advyzon, a cloud-based wealth management platform for investment advisors. Soon advisors will be able to leverage data and portfolio account information maintained in Advyzon to quickly and efficiently populate an initial financial plan inside RightCapital without the need to duplicate data entry.

The companies will demonstrate the new integration in an upcoming webinar held on Tuesday, December 11, so be sure to visit FPPad.com/flashbriefing for a link to the webinar as well as all the links to today’s top stories.

I’m Bill Winterberg, and those are your fintech headlines for today from FPPad.com. Check back in with me later for more fintech news.

Click here to see my conflicts of interest regarding Envestnet, mentioned in today’s update.

Here are the links to today’s top stories:

Envestnet and BlackRock Enter Strategic Relationship to Enhance the Financial Advisor Experience from Envestnet.com

LPL Financial Announces the Acquisition of AdvisoryWorld from LPL Financial

Welcome to a new FPPad fintech briefing, Here are the top fintech stories you need to know today.

BlackRock Announces Strategic Relationship with Envestnet

First up is news from BlackRock, the world’s largest asset manager, as the company announced a strategic relationship with Envestnet, a provider of research, analytics, portfolio management, and reporting tools for financial professionals, and also announced that the company purchased a 4.9% equity stake in Envestnet for roughly $123 million dollars.

According to a press release, the new partnership will accelerate work to integrate BlackRock Digital Wealth’s technologies into Envestnet’s platform, which includes solutions such as iRetire, FutureAdvisor, and Aladdin Risk for Wealth Management. The partnership also provides Envestnet with additional growth capital, which some analysts expect Envestnet will use for strategic acquisitions in 2019.

LPL Financial Acquires AdvisoryWorld

And speaking of acquisitions, earlier this week, LPL Financial, the nation’s largest broker-dealer announced the $28 million dollar acquisition of Advisory World, an investment analytics technology provider to financial advisers.

The AdvisoryWorld acquisition will bring over 30 years of analytics and technology expertise to LPL, as the company’s tools like proposal generation, hypothetical illustrations, and digital on-boarding workflow have been widely adopted by over 30,000 financial advisors and institutions in the U.S.

I caught up with AdvisoryWorld COO Mike Wilson for his thoughts on the acquisition announcement:

This is just a great opportunity for us to continue to serve our existing clients in new ways and to deliver our capabilities to more people. Leveraging LPL’s resources will allow us to evolve our offerings, we’re going to be able to try new things and to learn from a broader base of customers which will help us deliver the most sophisticated service we can to all of our clients, both existing and new. Something completely that I must underline is LPL has this broad base of experience and knowledge that we can use to widen our offering to different types of products and to a more diverse audience.

For more information, be sure to visit FPPad.com/flashbriefing for all the links to today’s top stories.

I’m Bill Winterberg, and those are your fintech headlines for today from FPPad.com. Check back in with me later for more fintech news.

From Schwab IMPACT® 2018, I connected with John Connor, Vice President of Digital Advisor Solutions for Schwab Advisor Services to tour the “Tech Alley” section of The Exchange exhibit hall.

Watch the Tech Alley Tour on Youtube: https://youtu.be/V4oW-JO1nv0

We toured seven of the technology providers exhibiting during IMPACT® 2018, including:

• YCharts: https://ycharts.com/
• LifeYield: https://www.lifeyield.com/
• RedBlack Software: https://www.redblacksoftware.com/
• MoneyGuidePro: https://www.moneyguidepro.com/ifa/
• Advyzon: https://main.yhlsoft.com/main/index.html
• Addepar: https://addepar.com/
• SS&C Salentica: https://www.salentica.com/

IMPACT® 2018 coverage sponsored by Envestnet | Tamarac. Sign up for a demo at http://www.fppad.com/tamarac

Music: Hysterical by Strength to Last, licensed via Soundstripe: https://soundstripe.grsm.io/billwinterberg

From Schwab IMPACT® 2018, I connected with Andrew Salesky, Senior Vice President of Digital Advisor Solutions for Schwab Advisor Services to first get to know more about his background and role within Charles Schwab.

We then covered two of the “blocking and tackling” technology initiatives within Schwab Advisor Services: Digital Account Open and Schwab Advisor Portfolio Connect.

We wrap up our conversation with what Schwab is doing internally to stay on the leading edge of financial technology and future updates to the Schwab Advisor Services platform.

IMPACT® 2018 coverage sponsored by Envestnet | Tamarac. Sign up for a demo at http://www.fppad.com/tamarac

Music: Race by OBOY, licensed via Soundstripe: https://soundstripe.grsm.io/billwinterberg

Here are the links to today’s top stories:

Baltimore fintech startup Facet Wealth raises $33 million from bizjournals.com

RightCapital Announces Strategic Partnership with Betterment for Advisors from PRNewswire

PIEtech, Inc. Unveils Fifth Generation of MoneyGuidePro, G5, for Financial Advisors from GlobeNewsWire

Welcome to the FPPad fintech briefing, here are the top fintech stories you need to know today brought to you by Orion Advisor Services.

Enable Orion’s new flash briefing by searching for Orion Advisor in the skills section of your Alexa app.

Facet Wealth raises $33 million

If you want a financial plan, but don’t have a hundreds of thousands of dollars to invest, there’s a new company that wants to help, as Baltimore-based Facet Wealth recently raised $33 million dollars in funding to offer financial plans by CFP professionals to Americans nationwide. Facet Wealth charges a flat fee for financial planning services that range from $480 a year to $5,000 per year based on the complexity of the plan. Facet Wealth also said it will use some of its funding to transition certain clients from other financial advisers that don’t meet that firm’s ideal client profile.

RightCapital Announces Strategic Partnership with Betterment for Advisors

Continuing with the financial planning theme, earlier this week, RightCapital announced that the financial planning software provider has secured a strategic partnership with Betterment for Advisors. The partnership builds on an integration that was rolled out last year, and means that RightCapital will help advisers streamline the process of managing investment accounts with Betterment for Advisors, and advisers using Betterment for Advisors will be able to launch Right Capital software and access its planning features all under one login.

PIEtech Unveils MoneyGuidePro Version G5

And finally, MoneyGuidePro, one of the industry’s largest providers of financial planning software to advisers, announced the launch of G5, the fifth generation of its planning software. G5 features enhanced planning for anticipated health care expenses, custom rate-of-return estimates for assets outside the adviser’s management, a cash reserve bucket strategy, and sophisticated life insurance needs analysis illustrations.

Here’s executive vice president Kevin Hughes with more details on G5

Our customers view MoneyGuidePro less as a financial planning tool and more as an integral part of their business model. G5 builds on that successful collaborative experience helping advisers position their advice and motivate their clients to implement their recommendations.

For more information, be sure to visit FPPad.com/flashbriefing for all the links to today’s top stories.

I’m Bill Winterberg, and those are your fintech headlines for today from FPPad.com. Check back in with me later for more fintech news.