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Friday, May 19, 2023

WealthStack: Utilizing Tech in Underserved Areas of Monetary Planning

Traders are searching for extra advanced recommendation, so how is expertise serving to bridge the hole in areas of economic planning which are at present underserved, like property and tax planning? 

On this episode, Shannon Rosic, director of WealthStack Content material and Options, speaks with Andrew Altfest, CEO and founding father of FP Alpha, to learn the way his agency is empowering advisors to determine extra actionable alternatives.

Shannon and Andrew talk about:

  • Why there’s a disconnect in what traders need and what some advisors ship
  • Why investor wants have turn out to be so advanced
  • How AI is getting used successfully now within the monetary planning course of
  • How monetary advisors can use recommendation engagement instruments to quantify and talk the worth they’re creating for purchasers

Join with Shannon Rosic:

Join with Visitor:

About Our Visitor:

Andrew Altfest, CFP, MBA is the founder and CEO of FP Alpha, the primary AI-driven complete monetary planning answer that permits advisors to supply actionable and customized suggestions to purchasers throughout over 15 monetary planning disciplines, and is complementary to their present retirement planning software program, beginning the place it stops.

The software program permits monetary advisors to save lots of time within the planning course of via doc automation, showcase their worth past investments, and create a custom-made deliverable for his or her total shopper base.

Based in February of 2020, FP Alpha is often cited by trade consultants and advisors as some of the revolutionary wealth tech options for advisors. Andrew can also be the President and Principal Advisor at Altfest Private Wealth Administration, a $1.5B RIA primarily based in New York Metropolis. There he advises purchasers about their private funds and drives monetary planning methods throughout the agency. He’s additionally an energetic member of Altfest’s Funding Committee and the Portfolio Motion Group, which units funding technique for shopper portfolios.

As a frontrunner of Altfest Private Wealth Administration, Andrew has spearheaded quite a lot of initiatives to broaden the agency. These have included organizing completely different observe teams targeted on shopper segments, launching non-public fairness options and directing the agency’s Younger Professionals group geared toward millennials. He additionally has inspired additional formalizing funding processes and led the introduction of a brand new expertise course of mandate with digital planning, to boost decision-making, shopper expertise and productiveness. Moreover, Andrew leads the agency’s efforts within the tax administration of funding portfolios, and advises purchasers on charitable contributions.


THE FUTURE OF WEALTH MANAGEMENT IS DIGITAL, and cutting-edge expertise is powering a brand new era of growth-minded advisors. Discover out extra at WealthStack.

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