Competitive industry leaders convene to address the future of advice while supporting diversity and inclusion

PHILADELPHIA, July 28, 2020 /(original press release here) — Asset-Map Holdings Inc. (Asset-Map) today announced AdviceTech.LIVE, a live, virtual event that gives financial professionals unprecedented access to top financial technology executives who will speak on a wide range of forward-thinking topics and ideas. These industry leaders will debate their brands’ visions, the future of the industry, their diversity and inclusion initiatives, and more. The event is sponsored by 20 market-leading technology firms, and half of all gross ticket sales will benefit the CFP Board’s College for Financial Planning Diversity and Inclusion Initiative, which supports diversity in the industry by providing education and mentorship programs.

AdviceTech.LIVE will take place virtually on Thursday, August 27, 2020, from 10:30 AM-5:00 PM EDT, and attendance is open to the entire advice industry, including wealth managers, financial planners, and asset managers. Attendees will have the opportunity to learn about the technology they use every day; hearing directly from the industry’s top financial technology executives and their organizations via panel discussions, virtual booths, and group demonstrations. The event creates an exciting opportunity for industry experts to challenge each other, differentiate themselves in an open forum, and respond to questions from event attendees in real-time. Directly following the event, moderators will also host a program wrap-up, highlighting key takeaways. Five core advisor technology solutions will be discussed, including Financial Planning, Portfolio Management, CRM, Marketing Tools, and ‘Practice Magnifiers.’

“For too long, the technology that runs advisors’ practices has been reserved for those who know where to look,” says H. Adam Holt, CFP, ChFC, Asset-Map CEO and event organizer. “At Asset-Map, we saw an opportunity in these unprecedented times to create accessibility to tech leadership unlike ever before. As a fellow architect of advisor technology and a former financial advisor, I wanted to invite all advisors into the ‘room where it happens’ – creating an open forum to share the future of competitive solutions and brand vision on one platform.”

The event’s participating firms include: Morningstar, Orion, SS&C BlackDiamond, Envestnet Tamarac, Envestnet MoneyGuide, eMoney Advisor, Advicent, Asset-Map, Snappy Kracken, AdvisorStream, FMG Suite, TwentyOverTen, Redtail Technology, Practifi, AdvisorEngine’s Junxure, Riskalyze, Everplans, MobileAssistant, and LifeYield. Industry thought leaders and panel moderators include Rene Nourse, CEO of URBAN Wealth, Craig Iskowitz, CEO of Ezra Group, Megan Carpenter, CEO of FiComm, Marguerita Cheng, CEO of Blue Ocean, and Toussaint Bailey, CEO of EnsoWealth.

AdviceTech.LIVE is currently open for registration; tickets cost $70. For more information on AdviceTech.LIVE, visit www.AdviceTech.Live.

About Asset-Map

Asset-Map is a Software-as-a-Process experience for financial professionals who provide in-person and remote advice in the wealth management, investment, and insurance markets. Typically included as part of the financial planning engagement process, Asset-Map centers around the digital visualization of household facts to build highly customized design-thinking presentations in minutes that help advisors and their customers make better financial decisions. Asset-Map is used by thousands of professionals worldwide, having mapped over 1 million people and $600 billion in financial instruments. For more information about Asset-Map, please visit asset-map.com.

SOURCE Asset-Map

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Nicole Casperson published a piece yesterday at InvestmentNews looking at some of the ways technology providers are deploying tools to help advisors brace for the new regulatory requirements as a result of Reg BI.

Along with representatives from Broadridge, InvestorCom, Morningstar, RIA in a Box, and Riskalyze, Redtail’s Director of Sales David Mehlhorn shared information about what Redtail has put in place to assist advisors with Reg BI compliance. You can read the full InvestmentNews piece here.

On June 5 we announced our joint promotion with RIA in a Box, Riskalyze, and Morningstar to extend support to new registered investment advisors (RIAs) during COVID-19.

At the same time we let you know about “The Path to Independence: How to Build Your Technology Stack” webinar, where executives from each of the companies involved in the promotion were going to be present to discuss the challenges and the rewards of starting an RIA firm, as well as how to build your technology stack to support your efforts. If you missed the webinar, you can read Jeff Berman’s recap of the event at ThinkAdvisor here.

RIA in a Box, Redtail, Riskalyze, and Morningstar offer support for newly registered RIAs

We are excited to announce that we have teamed up with our friends at RIA in a Box, Riskalyze, and Morningstar to extend support to new registered investment advisors (RIAs) during COVID-19. Per the RIA in a Box press release earlier this week:

RIA in a Box, a leading provider of compliance, cybersecurity, and registration software and services solutions for the wealth management industry, today announced it has joined forces with industry leaders Morningstar, Redtail Technology (Redtail), and Riskalyze to help new registered investment advisors (RIAs) work remotely and more efficiently in the wake of COVID-19. The Path to Independence Promotion will allow advisors that partner with RIA in a Box to register a new RIA firm to use industry-leading cloud-based technology from the supporting firms, free of charge, based on their unique business needs through December 2020.

As a part of the Path to Independence Promotion, participating advisors will be offered complimentary access through the end of 2020 to:

• Morningstar Office Cloud
• Redtail CRM
• Riskalyze Elite

You can learn more about the promotion from RIA in a Box here. Additionally, you might be interested in joining “The Path to Independence: How to Build Your Technology Stack” webinar today at 1:30 PM EDT for more info.

Compliance software leader unites financial services powerhouses to support advisors during COVID-19 through The Path to Independence Promotion

CLEVELAND, June 2, 2020/(original press release here) — RIA in a Box, a leading provider of compliance, cybersecurity, and registration software and services solutions for the wealth management industry, today announced it has joined forces with industry leaders Morningstar, Redtail Technology (Redtail), and Riskalyze to help new registered investment advisors (RIAs) work remotely and more efficiently in the wake of COVID-19. The Path to Independence Promotion will allow advisors that partner with RIA in a Box to register a new RIA firm to use industry-leading cloud-based technology from the supporting firms, free of charge, based on their unique business needs through December 2020.

As the RIA industry adapts to the new remote work environment, RIA in a Box recognizes the important role technology plays in helping RIAs service their clients efficiently and effectively, especially during a firm’s genesis. Upon registering with RIA in a Box, new advisors will secure complimentary access to the  proprietary MyRIACompliance cybersecurity platform. The cybersecurity platform empowers RIAs to efficiently construct, implement, and document a robust cybersecurity compliance program with a single solution.  In addition, registrants will also have the opportunity to secure contracts with Morningstar, Redtail, or Riskalyze for complimentary access through the end of 2020 to:

• Morningstar Office Cloud:
  Morningstar Office Cloud is an award-winning portfolio management software that combines industry-leading performance reporting, billing, and rebalancing with Morningstar’s robust investment research and security databases. Advisors can connect with clients via an interactive portal, automate tasks, assess risk, aggregate custodial accounts, and track client holdings, dividends, and returns, and more. These tools, among others, provide advisors with a seamless experience, enabling them to work efficiently wherever they are.
• Redtail CRM:
  Redtail’s Client Relationship Management (CRM) offers advisors the tools they need to strengthen client relationships, improve team collaboration, and work more efficiently. Redtail aids advisors in increasing revenue and profitability, decreasing client attrition, and supporting business-building activities. Some of the features include Workflow, Integrations, Reporting, Calendar, Notes, Seminars, Opportunities, Retriever Cloud, and Redtail’s mobile app.
• Riskalyze Elite:
  Through this platform, advisors have access to powerful client engagement tools that set useful expectations and help to empower fearless investing. Some of the tools that advisors will have access to include Next-Gen Risk Assessment, Portfolio Risk, Retirement Maps, Stress Tests, Scenarios, The Risk/Reward Heatmap, Meetings, Check-Ins, and the Lead Generation Questionnaire. In addition to these tools, advisors will be able to access analysis tools such as Detailed Portfolio Stats and Individual Security Analysis.

“We are seeing record levels of advisors exploring how to start an RIA firm. This initiative will help ensure COVID-19 does not stand in the way of any advisor seeking full independence to better serve their clients,” said RIA in a Box president GJ King. “With this announcement, RIA in a Box’s mission is to give new RIAs the ability to leverage technology solutions so they can provide their clients with the best possible experience, virtually. We are thrilled to join forces with fellow industry leaders Morningstar, Redtail, and Riskalyze to support advisors with 24/7 remote access, no matter their location.”

To coincide with the kick-off of The Path to Independence Promotion, King will host a webinar on how to start an RIA on June 5 at 1:30 pm ET. Joined by Morningstar’s head of independent advisor software James Carney, Redtail’s CEO Brian McLaughlin and Riskalyze’s CEO Aaron Klein, the executives will offer tips and considerations for advisors who are looking to start their own firm, including how to leverage different technology platforms to accomplish their goals. For more information on the webinar or the promotion, please click here.

About RIA in a Box LLC

RIA in a Box is a leading provider of compliance software to the wealth management industry. Launched in 2005, RIA in a Box is led by Will Bressman and GJ King who transformed the business into the market leading SaaS-based compliance solution focused on the RIA industry. Nearly 2,000 registered investment advisors (RIAs) of varying size use the platform to increase compliance workflow efficiency and to automate regulatory requirements. For more information about RIA in a Box, please visit: www.riainabox.com.