Today’s individual investor desires, requires, deserves, and would greatly benefit from a higher level of portfolio transparency than they currently have access to. This holds true for the self-directed investor in a brokerage account as much as it does a retirement account.
As a leading FinTech company, we’re in a position to see new industry trends before they take shape. Some trends happen quickly while others unfold over a longer period. Today, a trend is evolving that will forever reshape the financial services industry even more than it has already: Unified Digital Wealth Management.
Let’s talk about the one change we know for certain robos will bring about: a better investor experience.
SaaS is here to stay. It’s the norm. It had an understandably measured start, with many financial institutions reluctant to embrace it in its early years. However, today SaaS is widely accepted in all verticals because the benefits are numerous, not the least of which being that SaaS allows businesses to do what they do best.
I just turned 50. The big five-O. I can’t believe it. Even more than that, I can’t believe the things this “milestone” is forcing me to think about. All the fun things I’ve done, and what should that list of fun things include in chapter two? Followed by, “How do I get more money to do those fun things?” And then, “Have I saved enough money for retirement?” And finally, “crap.”
So, savings. I’ve read all kinds of tips on how to become a better saver. And part two of that equation, how to make those savings grow. Being a Bostonian, I really want to make those savings grow wicked good. Wicked pissa growth is what I want, frankly. Part three of the recipe is what’s the maximum “growth rate” I can achieve, am I achieving it, and if not, why not? My broker tells me that, right? Not really.
Earlier this year, Isabella Fonseca of Celent and Chris Psaltos, VP of Product Management at Scivantage, hosted a webinar in which they discussed the recent Celent report, The State of Online Brokerage Platforms. A key finding of the report is that online brokerage platforms are generally healthy, with numbers of both users and revenues up over the past few years. This growth is a result of ongoing shifts in the self-directed investor market, which is defined as a group of investors who choose to make their own trades rather than relying on an advisor. This group has grown year-over-year, and brokerages have been racing to capture market share.
Scivantage is honored to have been nominated for the 2015 FTF News Technology Innovation Awards for SqopeTM in the category of Best Performance Measurement and Attribution System. Presented by Financial Technologies Forum and FTF News, the Technology Innovation Awards recognize information technology firms and service providers in the financial sector as well as industry professionals […]
As advisors and investors look to technology for added efficiency and increased information/education in trading, analytics play a critical role in the trade process by transforming market data into intelligent and actionable information. In the United States alone, the number of traders has more than doubled over the past 10 years, with active traders and […]
The self-directed trader segment has more than doubled in the past 10 years; however, the number of overall traders has flattened out over the last three years, according to recent Aite Group findings. This market shift, alongside challenges of growing competition and plateauing profits, has tasked firms with re-engaging traders, encouraging active investment participation, and […]
Retail investors have continued to expand in sheer numbers and levels of technological sophistication over the last several years. According to recent Celent data, the retail investor market is estimated to make up 38% of the current US adult population, with self-directed investors growing at a quicker rate then non-self directed investors. The expanded use […]