The Unlock
The Unlock
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Building the Best Advisor Tech Stack
On this episode of The Unlock, Downtown Josh Brown and Michael Batnick are joined by financial planner and fintech expert Jason Pereira to discuss the current state of technology in the wealth management industry. Jason explains what he looks for in a technology provider, how advisors are using software and what's happening in the wealth tech startup space. For more from The Unlock, sign up at: www.advisorunlock.com/
This episode is sponsored by Wealthbox®, a CRM platform for financial advisors. Integrated with leading custodians and wealthtech partners, Wealthbox is known for its modern product design and powerful yet intuitive user experience. The collaborative workspace technology allows financial advisors, enterprise RIA firms, and broker-dealers to manage client relationships and streamline operations to grow their practices. Learn more about Wealthbox: www.wealthbox.com/ai
► 00:00 - Wealthbox Ad Read
► 01:01 - Intro
► 04:15 - Has technology made advisors better?
► 10:02 - The Kitces FinTech Map
► 15:58 - The hurdles of implementing new technologies
► 20:38 - How new software should be created
► 38:27 - AI and the future of fintech
Participants include employees of Ritholtz Wealth Management. All opinions expressed by them are solely their own opinions and do not reflect the opinion of Ritholtz Wealth Management. This program is for informational purposes only and is not intended to provide specific advice or recommendations for any individual or on any specific security or product. Any opinions expressed herein do not constitute or imply endorsement, sponsorship, or recommendation by Ritholtz Wealth Management or its employees. Ritholtz Wealth Management and its affiliates may invest in the technology company discussed.
Compound Media, an affiliate of Ritholtz Wealth Management, received compensation from the sponsor of this advertisement. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information.
#finance #financialplanning #financialeducation
Переглядів: 1 601

Відео

Financial Advisors Cannot Blow This Decision
Переглядів 1,6 тис.2 місяці тому
On this episode of The Unlock, Downtown Josh Brown and Michael Batnick are joined by Alec Crawford to discuss the future of financial advice, how AI will be used by most advisors, and the critical role of AI cybersecurity in the financial industry. For more from The Unlock, sign up at: www.advisorunlock.com/ This episode is sponsored by Wealthbox®, a CRM platform for financial advisors. Integra...
How Financial Advisors Use Bitcoin for Client Portfolios
Переглядів 2 тис.3 місяці тому
On this episode of The Unlock, Downtown Josh Brown and Michael Batnick are joined by Ric Edelman to discuss: the right allocation to Bitcoin, the rise of Bitcoin ETFs, using blockchain technology for inventory management, entrepreneurship, and more! For more from The Unlock, be sure to sign up at: www.advisorunlock.com/ This episode is sponsored by Opto. Opto’s Co-Founder Jacob Miller recently ...
The Golden Door For Financial Advice | Nick Murray
Переглядів 4874 місяці тому
In this segment from The Unlock, Nick Murray joins Josh Brown and Michael Batnick to discuss the value that financial advisors have to offer. Watch the full episode at: ua-cam.com/video/5GP-laLIlss/v-deo.html For more from The Unlock, be sure to sign up at: www.advisorunlock.com/ Participants include employees of Ritholtz Wealth Management. All opinions expressed by them are solely their own op...
The Value Proposition of a Financial Advisor With Nick Murray
Переглядів 14 тис.4 місяці тому
Welcome to the inaugural episode of The Unlock! Downtown Josh Brown and Michael Batnick are joined by Nick Murray to discuss the value proposition of a financial advisor, how Nick's book changed the field of financial advice, and what the future of financial planning might look like. For more from The Unlock, be sure to sign up at: www.advisorunlock.com/ ►00:00 - Intro ►02:17 - When did you kno...

КОМЕНТАРІ

  • @stephenjones8074
    @stephenjones8074 16 годин тому

    Thanks for posting this. Much obliged.

  • @RetirementPlanningClub
    @RetirementPlanningClub 9 днів тому

    Does Fidelity publish their financials?

  • @PatricGlassell
    @PatricGlassell 23 дні тому

    Love your comment about asking the question of "Where's the money come from?" as it relates to software companies investors. The best software companies work for 1 client: The advisor. Not outside investors.

  • @RetirementPlanningClub
    @RetirementPlanningClub 23 дні тому

    Very informative. Thanks for sharing!

  • @EatYourWeetabix
    @EatYourWeetabix 23 дні тому

    Let's go! Good to see these on a more regular cadence - thank you!

  • @advisorunlock
    @advisorunlock 23 дні тому

    Wealthbox is delighted to sponsor this episode of The Unlock. Want to learn more about Wealthbox CRM and our AI integration partners? Check out AI Wealthtech Week at www.wealthbox.com/ai-week/?sfid=7013s0000002r5rAAA&

  • @connornordgren3093
    @connornordgren3093 Місяць тому

    Just getting started in the industry. I was interested by Nick speaking about his hesitation and skepticism around using planning software. Is it worth my time to understand these software's and implement them in client meetings, or would my time be better used elsewhere?

  • @nisiarsmith5625
    @nisiarsmith5625 Місяць тому

    Phenomenal episode, I learned a lot !

  • @RNinja1224
    @RNinja1224 2 місяці тому

    ANOTHER podcast? 😮 I'm already diligent in keeping up with TCAF, Animal Spirits, WAYT, and Jill on Money...now I subscribed to Unlock. I'm going to have to unsubscribe to EVERY OTHER channel on UA-cam just to keep up with you guys 😅

  • @advisorunlock
    @advisorunlock 2 місяці тому

    Wealthbox is delighted to sponsor this episode of The Unlock. Want to learn more about Wealthbox CRM and our AI integration partners? Check out AI Wealthtech Week at www.wealthbox.com/ai-week/?sfid=7013s0000002r5rAAA&

  • @EatYourWeetabix
    @EatYourWeetabix 2 місяці тому

    What a banger

    • @irwinjones3960
      @irwinjones3960 2 місяці тому

      Chimes make any song automatically a banger

  • @advisorunlock
    @advisorunlock 2 місяці тому

    This episode is sponsored by Opto. Learn more about Opto at: www.optoinvest.com/?amp;amp;

  • @CoolestGuyInTheRoom
    @CoolestGuyInTheRoom 3 місяці тому

    Too bad Nick Murray doesn’t have a proper UA-cam channel, podcast, or regular guest spots.

  • @JimWaples
    @JimWaples 3 місяці тому

    Ric rocks...been following him for decades! Downtown JB is The Man! On CNBC the Judge always respects what Josh says.

    • @k.mike2687
      @k.mike2687 3 місяці тому

      Agree. Ric is the goat of the financial industry. Anyone's net worth will prove that when using his recommendations.

  • @aarbesfeld1
    @aarbesfeld1 3 місяці тому

    I believe that all currently offered bitcoin ETFs were not designed for their holders to exchange shares for bitcoin. I am curious to know as to why this is, given there are gold ETFs, ie OUNZ, that allow for the delivery of gold bullion if so desired?

  • @joeggrant406
    @joeggrant406 3 місяці тому

    He's saying a lot of things, but also not... All this talk if tokenization is missing the why and how. This is a case of show don't tell. Also, that online conference replay isn't being "given away." They're charging it.

    • @k.mike2687
      @k.mike2687 3 місяці тому

      It's only a 35-minute discussion. Go do your homework.

  • @Miggy2j
    @Miggy2j 3 місяці тому

    Love it

  • @drobinson99
    @drobinson99 3 місяці тому

    Thanks for doing this guys...nice to get some insight on how tradfi is thinking about Crypto and Blockchain. Also thx for the 10x on Nvidia Josh...been my biggest position since you talked about it on cnbc in 2020.

  • @ryanstovercfp
    @ryanstovercfp 3 місяці тому

    Hey, can you guys please re-organize your bookshelf by author and genre so my wife won’t say “See, me and Reese Witherspoon were right!”

  • @kpapadop007
    @kpapadop007 3 місяці тому

    Come on, you brought this guy back?

  • @RobertGillontheinterweb
    @RobertGillontheinterweb 3 місяці тому

    From Nick Murray to this 😂

  • @aliasoma
    @aliasoma 3 місяці тому

    May 15th? Why the delay?

  • @genzinvesting8405
    @genzinvesting8405 3 місяці тому

    Many ventures have died saying “if only we get 1% market share”…..

    • @joeggrant406
      @joeggrant406 3 місяці тому

      100% agreed. I was kinda shocked that's what this guy said. No reasoning about why anyone would do that. So many times has some new business pitched that exact line of thought, and then gone under. The how and why is more important than what if.

  • @GriffithCapitalGroup
    @GriffithCapitalGroup 3 місяці тому

    I am just starting out in the industry and just bought 3 Murray books. SWIW being one of them. Just discovered this channel and I Thank you! For your service! ❤

    • @CoolestGuyInTheRoom
      @CoolestGuyInTheRoom 3 місяці тому

      1. Invest in equities. 2. Do financial planning Nick Murray in a nutshell. He’s the FP GOAT.

  • @joelhawes7749
    @joelhawes7749 4 місяці тому

    Was going through my old photos in Google Photos and in 2017 i had a screenshot of a post with Simple Wealth, Inevitable Wealth. Never got around to it but after watching this interview last week, i think it's time to find a copy.

  • @alecosavvas3361
    @alecosavvas3361 4 місяці тому

    How do you balance being suspicious of the tools but use tech to manage risk? Where is the line?

  • @TrueMarketLeader
    @TrueMarketLeader 4 місяці тому

    Can’t wait to purchase his updated Simple Wealth Inevitable Wealth !!🎉🎉😊

  • @TrueMarketLeader
    @TrueMarketLeader 4 місяці тому

    Just bought 2 of his books on his website! Love Nick Murray ❤❤

  • @Raabe34
    @Raabe34 4 місяці тому

    Legend

  • @JuiceTradesTV
    @JuiceTradesTV 4 місяці тому

    Not an advisor but working to become one. Love this series already

    • @GriffithCapitalGroup
      @GriffithCapitalGroup 3 місяці тому

      Myself as well. Where are you in the process ?

    • @JarrellLegagneur
      @JarrellLegagneur Місяць тому

      Same...where are you based?

    • @JarrellLegagneur
      @JarrellLegagneur Місяць тому

      @@GriffithCapitalGroupI'm studying for the SIE and series 7. What about you?

  • @michaeljackson5298
    @michaeljackson5298 4 місяці тому

    Great video, thanks for sharing. I love how 'the message' never changes. As an example, I'm writing this on 30th May and for those with 'Around the Year' to hand, check out today's entry and compare it to the message on bond investing.

  • @lincolnhurney1901
    @lincolnhurney1901 4 місяці тому

    Verisimilitude drop! 🔥

  • @nicoleamcdonald
    @nicoleamcdonald 4 місяці тому

    The content I forgot I was missing. Thanks for getting this channel started; looking forward to future conversations. The future is bright!

  • @Bobventk
    @Bobventk 4 місяці тому

    Michael… you gotta be kidding me with that interest rate question… the market efficiently incorporates that into the discount rate. That’s a question I’d expect from my grandmother man…

  • @CPaulBreezy
    @CPaulBreezy 4 місяці тому

    "We have a plan... This plan works if you don't get in there and blow it up!" Mr. Nick Murray is an industry Icon.

  • @Ehtizan-Editor-002
    @Ehtizan-Editor-002 4 місяці тому

    Hey The Unlock, I just watched your video and I must say that it was really informative and well-made. I was wondering if I could help you edit your videos and repurpose your long videos into highly engaging shorts? I can also make high CTR thumbnails for your channel

  • @craigrobinson6231
    @craigrobinson6231 4 місяці тому

    Around the Year with Nick Murray is a fantastic daily read.

  • @malmsteengreece
    @malmsteengreece 4 місяці тому

    Please add time stamps

  • @leesmith9299
    @leesmith9299 4 місяці тому

    legs!!! they have legs!!!!

  • @GuidanceFS
    @GuidanceFS 4 місяці тому

    Appreciated the different pace of this one. Not the easiest guy to interview I suspect so great work. An excellent positive note to finish on.

  • @michaelskyros8803
    @michaelskyros8803 4 місяці тому

    Great opening guest. Love yalls dedication and commitment. Great show as always.

  • @alihakim8680
    @alihakim8680 4 місяці тому

    Fantastic episode. So glad I stumbled upon it

  • @marcustompros9836
    @marcustompros9836 4 місяці тому

    Great first show, guys! Do change that blue background, though. I understand you're trying to block out the sun, but its awkward 90 degree configuration made me sympathize with your interviewee, who must have felt claustrophobic in that space....

  • @RobertGillontheinterweb
    @RobertGillontheinterweb 4 місяці тому

    This episode missed a massive opportunity. Michael asking Nick’s thoughts on Bitcoin.

  • @TravelBloggerBuzz
    @TravelBloggerBuzz 4 місяці тому

    Mr. Murray has a talent for words, I did write down a quote which I added to my list: "The plan works if you don't get in there and blow it up". He is especially loved by advisors who started in this business in the sales/commission side. For the few advisors out there who never joined the dark side, well, we wonder why 🙂Josh comparing Nick to Bogle? Come on, man. Suggestions for next guests: Bob Veres to talk about how this industry got here as he was there in its early days, Brooke Southall of RIA Biz to talk about the business and custodians battling it out, Joel Bruckenstein on all things tech, someone knowledgeable about the M&A activity going on and the impact of PE on actual clients. Another observation: NIck Murray's method of marketing is wildly opposite to the Ritholtz method. I am shocked he even agreed to do this as he usually never does anything without a fee :-) Oh, another guest suggestion: Peter Mallouk, before he buys all out lol.

  • @RobertGillontheinterweb
    @RobertGillontheinterweb 4 місяці тому

    The irony of watching this video whilst being bombarded by UA-cam ads pushing forex, crypto, property, and all the other get poor quick schemes

    • @nicholas5396
      @nicholas5396 4 місяці тому

      😂😂😂😂

    • @MichaelLevesque
      @MichaelLevesque 3 місяці тому

      Good point, also further point to Nick saying “financial advisors don’t like paying for things” albeit UA-cam Premium is probably not what he was talking about.

  • @BrandonAcevedo-is7ou
    @BrandonAcevedo-is7ou 4 місяці тому

    I am so happy you guys started this channel

  • @doug2731
    @doug2731 4 місяці тому

    Rational long term investing has been solved. The value proposition of a financial advisor lies not in security selection but in their ability to keep clients on track toward their personal goals (without grossly enriching their own pockets unethically). That said, I'm a DIY Investor for life unless I lose my mental faculties in my elder years.

  • @willowgarth
    @willowgarth 4 місяці тому

    A Masterclass from the single biggest influence on my career. Thank you Nick Murray.

  • @alanvonweltin6820
    @alanvonweltin6820 4 місяці тому

    The best part about reading Nick's book is understanding that for most people, paying for an advisor is a massive capital drain over the long term when the fee is based on a percentage of the client's portfolio. It's truly a shame that basic financial planning and portfolio construction isn't more readily available and affordable (should not be tied to assets under advisement). Highly recommend Nick's book and revisiting it regularly.

    • @Billbblog
      @Billbblog 4 місяці тому

      Yes, thank you! If you must, hand over 1+% of your wealth every year because you can’t keep your cool. And I’ve been saying forever, bonds stink. These are the two reasons I’ve railed against the advisor class. “Get your money for nothing…”.