Monthly Archives: September 2023

Episode 184 – The Cash Resurgence: Advisors’ Secret Weapon with Frank Bonanno

Advisorpedia, Finance, Industry Innovators, Power Your Advice, Uncategorized, , , , , , , ,

In this podcast, Frank Bonanno, Managing Director at StoneCastle Partners, LLC, provides insight into the importance of cash management for advisors and the unique advantages offered by StoneCastle’s solutions.

Topics also discussed:

  • The resurgence of cash as a favored asset class and how advisors are using it to grow assets under management.
  • The impact of recent market developments on cash strategies and advisors’ approach to managing client cash.
  • The factors driving the renewed interest in cash, including competitive interest rates and safety concerns.
  • The benefits of addressing clients’ held-away cash
  • The opportunities for advisors to expand their client base by addressing the cash needs of businesses, boards, nonprofits, and other organizations.
  • How StoneCastle’s approach to cash management, with FDIC-insured deposits and competitive rates, sets it apart from other options available to advisors.

Resources: 

advisor.cash by StoneCastle

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Episode 183 – Uncovering Hidden Pain Points in RIA Practices with Lincoln Ross

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Lincoln Ross sits as the President & CEO of CircleBlack: the all-in-one wealth platform for the relationship-focused advisor.

Lincoln and Doug talk through the challenges RIAs encounter when striving to provide top-notch client experiences while also managing portfolios effectively.

They also discussed:

  • The common hurdles faced by RIAs throughout their professional journeys.
  • Real-world examples highlighting how these challenges impact the day-to-day operations and long-term growth of RIAs.
  • Less talked about pain points, such as managing small accounts, billing complexities, and establishing brand identity, are examined for their significance.
  • Strategies employed by RIAs to overcome these challenges, including technology adoption and communication methods.
  • Data security concerns in the financial sector and how RIAs are adapting to shifts in technology to ensure the safeguarding of client data.

 

Resources: 

CircleBlack

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Episode 181 – Data-Driven Wealth Management with Stephen Daffron

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Stephen Daffron is the Chairman and Chief Executive Officer of BetaNXT, the next wave in wealth management technology and outsourcing solutions. Join Stephen as he introduces BetaNXT, its offerings, and the challenges they are helping wealth advisors and investors address.

Topics also discussed:

  • Stephen’s diverse background and his journey and role in co-founding BetaNXT.
  • The evolving wealth management landscape, emphasizing the need for better tools and real-time data to meet changing client demands.
  • The challenges faced by wealth advisors, such as time spent on data gathering, are highlighted, along with the potential benefits of real-time data processing.
  • The acquisition of Mediant, emphasizing its role in enhancing data curation and delivery, ultimately improving the advisor-client experience.
  • The BetaNXT commitment to investing in firms that align with its mission of elevating the wealth management ecosystem.

 

Resources: 

BetaNXT

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