As you’re answering emails or responding to Slack notifications on the go, you may wonder if devices like the smartphone really make your life better. But, there’s little doubt that in many ways, they can make life easier.
Need to know what time it is in New York? “Hey Siri!”
Like it or not, our phones and tablets mean that answers are in the palm of our hands.
Financial advisors stand to benefit from the rapid innovations of the financial technology industry. Staying updated with financial technology is crucial as the younger Internet generations start to accumulate wealth and seek out advice on how to balance modern and traditional ways to manage and invest money. Continue reading “Why financial advisors should embrace fintech”
Good-quality financial advice is not available to the vast majority of Australians. Very few have access to financial advice, and if they do, it tends to be later in life and closer to retirement. It’s a similar situation with investing.
Let’s be honest. The financial advice industry doesn’t have a good reputation. It’s somewhere just above Used Car Salesman, and just below Politician (seriously). And from where we’re sitting, that reputation is pretty well deserved.
Remember the first time you received interest from your savings account? Whether it’s $100 or just 10 cents, it’s a magical feeling seeing “free” money appear in your account. But feelings can be deceptive, and if you think you’re earning significant money from a high interest savings account, you should look closer.