Tag: AI in Finance
Your Guide to Optimizing Portfolio Management with Advanced Reporting with Bill McFadden of GreenHill Investment Reporting (Ep. 25)

Your Guide to Optimizing Portfolio Management with Advanced Reporting with Bill McFadden of GreenHill Investment Reporting (Ep. 25)

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How is cutting-edge technology reshaping portfolio management with advanced reporting?

Join Rusty Sommer as he sits down with Bill McFadden, President and CEO of GreenHill Investment Reporting, to explore the evolving intersection of portfolio management and performance reporting, and its pivotal role in client trust and decision-making.

Bill McFadden explores how investment reporting has evolved from a basic compliance requirement into a strategic asset, enabling deeper client engagement, clearer insights, and more informed wealth management decisions. With a key focus on leveraging data visualization and tech partnerships, the duo discusses the importance of customized, clear communication to tell compelling investment stories.

Rusty and Bill discuss: 

  • The balance of automation with personalized client services for investment professionals
  • Flexibility and customization in investment performance measurement
  • AI’s potential influence on generating insights and enhancing advisory roles
  • Greenhill’s innovative initiatives, including a unique partnership with Drexel
  • The shift in client expectations and more sophisticated reporting needs
  • How enhanced data, combined with sophisticated portfolio management and reporting solutions, can address alternative investment needs.

Connect with Rusty Sommer:

Connect with Bill McFadden:

About Our Guest: 

Bill McFadden is the President at GreenHill Investment Reporting in the Greater Tampa Bay Area. He has over 25 years of experience as a Financial Services Executive and Entrepreneur. Bill is also the owner of Sixline, an investment advisory consulting firm. Bill McFadden was formerly the lead of Business Development for CGI.

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The Rise of Alternative Investments: What Advisors Need to Know with Kartik Srinivasan (Ep. 24)

The Rise of Alternative Investments: What Advisors Need to Know with Kartik Srinivasan (Ep. 24)

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What if your tech could read your client’s mind?

In this episode, Rusty Sommer interviews Kartik Srinivasan about the technologies that are reshaping financial advising. They explore how advisors are navigating increasingly complex wealth structures, the role of AI in enhancing client relationships, and what the future holds for advisor-led innovation.

Kartik and Rusty discuss:

  • (00:01:29) Tools supporting advisors in managing complex portfolios
  • (00:02:40) Approaches to consolidating non-standard assets like real estate and esoteric passion assets
  • (00:04:35) How evolving platforms align with broader advisory strategies
  • (00:09:21) Major trends, including generational wealth transfer and alternative investing
  • (00:17:40) The growing role of AI in modern financial advice
  • (00:25:34) Current challenges in fintech integration and where the industry is heading

Connect with Kartik Srinivasan:

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About our Kartik Srinivasan: 

Kartik Srinivasan is a seasoned financial technology executive with over 20 years of experience in the wealth management industry. He currently serves as President of Advyzon Institutional, a division of Advyzon dedicated to supporting financial advisors who work with high-net-worth (HNW) and ultra-high-net-worth (UHNW) clients. Kartik joined Advyzon in 2024 to lead the development of innovative tools and services tailored to the complex needs of these advisors and their clients.

Before joining Advyzon, Kartik spent more than 12 years at Morningstar, where he played a major role in building portfolio management systems. He later served as Managing Director of Third-Party Integrations and Partnerships at Charles Schwab, where he helped oversee the integration of TD Ameritrade Institutional into Schwab Advisor Services.

He holds a BBA in Finance and Economics from the University of Wisconsin–Madison and an MBA in Strategy, Entrepreneurship, and Economics from the University of Chicago Booth School of Business.

Outside of work, Kartik enjoys traveling, skiing, and hiking with his family.

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The Power of Partnerships in Wealth Management with Andree Mohr (Ep. 21)

The Power of Partnerships in Wealth Management with Andree Mohr (Ep. 21)

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Are you ready to take center stage in financial advice? Discover what it takes to make true partnerships and community-building the cornerstone of your business strategy.

In this episode, Rusty Sommer sits down with Andree Mohr, President of Integrated Partners, at the Market Counsel Conference in Las Vegas. They discuss the art of collaboration between financial advisors and CPAs, detailing how Integrated Partners is redefining success through strategic partnerships and community support. Andree shares insights on how they empower advisors to connect deeper with their clients, streamline operations with technology, and foster a vibrant, collaborative environment. As the conversation unfolds, you’ll learn about their innovative approach to advisor support, including leveraging AI for strategic planning and the power of community building.

Rusty and Andree discuss:

  • (01:38) Their approach to advisor support and community building
  • (03:01) Unleashing advisor growth through partnerships with CPAs
  • (05:15) How Integrated Partners helps advisors achieve significant growth
  • (09:37) The importance of partnership in the financial industry
  • (21:45) Attracting new clients and expanding services with CPA partnerships

Connect with Andree Mohr:

Connect with Rusty Sommer:

About our Guest: 

As the president of Integrated Partners, Andree Mohr serves as a driven leader, visionary, and implementor for the organization.

Her mission is to bring simplification to the financial advice industry and create a sustainable path of success for financial advisors, their support staff, management teams, and CPA partners.

Her adept workflows and nimble judgment have proven instrumental in creating a culture of innovation, efficiency, and collaboration. She skillfully leverages these capabilities to oversee Integrated’s day-to-day operations, drive the firm’s key objectives, and ensure the consistent and healthy growth of the organization.

A particular passion of hers is helping Integrated’s entrepreneurial-minded financial advisors implement strategic operations that foster practice growth and optimization to bring their business visions to fruition. Through Integrated’s nationally renowned CPA Alliance program, she assists CPA partners in monetizing their most trusted advisor status while simultaneously aiding clients in their financial planning and tax needs.

She is the co-author of the exclusive book Center Stage: How to Become the Star of Your Practice with colleagues Matt Ackermann and Paul Saganey. The book focuses on operational, team-building, and business processing efficiencies to help empower advisors to streamline their practices. The result: advisors have a roadmap to grow their business, leave a lasting legacy, and ultimately provide a boutique, concierge, and memorable experience for their clients.

She graduated from Northeastern University, where she excelled in their experiential learning programs. She has been supporting advisors in various capacities for the last 13 years and truly enjoys watching them realize their goals.

Outside of the office, her favorite pastimes include cherished moments with her husband and their twin daughters, passionately cheering on the New England Patriots, traveling to her favorite destinations, and supporting charitable causes that are important to her.

For those interested in talking football or discussing what it’s like bringing advisors onto the most open-architecture, independent, growth-oriented advisor partnership platform in existence, she can be reached at andree.peterson@integrated-partners.com.

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The Future of Wealth Management: Predictions for 2025 (Ep. 18)

The Future of Wealth Management: Predictions for 2025 (Ep. 18)

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What will shape the financial landscape by 2025? Join us as we dive deep into predictions for the future of wealth management. 

In this episode, Rusty Sommer dives into the future of wealth management with an exciting lineup of guests from the 2024 MarketCounsel summit: John O’Connell, Kartik Srinivasan, Oleg Tishkevich, Kate Healy, Andree Mohr, Bill McFadden, Brian Hamburger, Joel Bruckenstein, Robb Baldwin, Tony Stich, and Amy DeTolla. They explore the big predictions for 2025, like how AI co-pilots and personalized client apps are set to transform the industry, why mega firms driven by private equity are emerging, and how personalization will redefine client experiences. Discover insights on trends like mergers, private equity’s impact on growth, and the looming cybersecurity challenges. The dialogue is rich with insights about the continual evolution of technology, regulation impacts, and strategic industry shifts.

Key Highlights:

  • (01:13) The role of AI co-pilots in enhancing productivity
  • (02:12) The expanding impact of mergers and acquisitions fueled by private equity
  • (04:41) The emergence of custom client applications for RIAs
  • (08:48) Challenges and changes in regulation and compliance
  • (13:07) The evolution of niche-based advice and technology solutions
  • And more!

Immerse yourself in this forward-looking discussion and get a head start on 2025’s transformative impact!

Connect with Rusty Sommer:

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The Winning Shot: Sports Wisdom in Wealth Tech (Ep. 13)

The Winning Shot: Sports Wisdom in Wealth Tech (Ep. 13)

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How does the high-stakes world of sports mirror the world of financial technology and asset management? 

Discover this and more in the latest episode of ‘In the Money,’ sponsored by Flyer Financial Technologies. Host Rusty Sommer welcomes Steve Lewczyk, the esteemed Managing Director for Business Development at Flyer. With an impressive three-decade career in financial technology and services, Steve discusses leveraging technology for competitive advantage and innovating for the future of finance.

Key Highlights:

  • From Veteran to Visionary: Steve shares his journey in finance, emphasizing his diverse experience and innovative tech approach
  • Parallel Playbooks: Explore the similarities between sports, particularly basketball, and finance, highlighting teamwork and strategy
  • Tech-Driven Transformation: Discover how technology, like Advent Software’s early solutions, revolutionized asset management
  • Overcoming Market Hurdles: Learn how adapting sports strategies can inform financial market navigation
  • AI: Uncover AI’s impactful role in finance, its applications, and the need for reliable data
  • Revolutionizing Trading: See how a unified tech system can boost trader efficiency
  • Embracing Change: Understand the necessity of adaptability and innovation in finance, with lessons from asset management and sports strategy
  • Plus, many more insights!

 

Connect with Steve Lewczyk:

Connect with Rusty Sommer:

 

About Steve Lewczyk: 

Steve is a leader in buy side technology, wealth management systems, trading platforms, and data management solutions. With over 25 years experience at leading fin tech and securities firms, Steve has worked at Fidelity Investments, Advent Software (SSNC), Envestnet and co-founded Nirvana Solutions. Steve’s expertise is in building and scaling successful sales organizations.

In his role at Flyer, Steve is focused on buy side asset managers that require solutions that allow for integration, ease, scale and future proofing operations.

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Innovation Unleashed: Wealth Tech’s New Era (Ep. 11)

Innovation Unleashed: Wealth Tech’s New Era (Ep. 11)

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Is technology fundamentally transforming the wealth tech industry?

Discover the groundbreaking insights with Rusty Sommer and special guest Verity Larsen from Versoft Consulting in a riveting episode of “In The Money,” presented by Flyer Financial Technologies. With over two decades in the field, Verity guides us through the evolving landscape of investment technology, cautioning against a one-size-fits-all approach. 

Are you ready for the change?

Key Highlights:

  • Dive into the complexities and wide-ranging impacts of the T+1 settlement shift on operations and client relationships
  • Learn vital strategies for integrating AI effectively in finance, emphasizing the critical role of precise data
  • Explore the increasingly crucial role of portfolio managers amidst rapid technological advancements
  • How secure is your data? Unravel the surprising privacy and security issues arising from AI tools in finance
  • Discover the increasingly important role of compliance officers in the safe implementation of AI
  • Find out why data management and CRM systems are now at the heart of client engagement for broker-dealers
  • And much more!

 

Resources:

Connect with Verity Larsen:

Connect with Rusty Sommer:

 

About Verity Larsen: 

Verity is Versoft’s heart and soul. She co-founded the company in 2015 after spending 7.5 years as Team Lead and Senior Consultant at SS&C Advent. Prior to entering the consulting field, she worked as Assistant Director of Information Systems at a Portland-based asset management firm and has been in the investment management industry since 2000.

Verity graduated with an A.A.S. in Computer Information Systems from Portland Community College. She also spent 3 years on the Board of Directors for The Exchange Network (formerly Advent Users Group) serving as VP and President in her 2nd and 3rd years.

She’s committed to providing an exceptional consultative approach to every client and ensuring the work performed by the Versoft Team results in the highest level of customer satisfaction. Verity works to continue training and education throughout the Versoft team, passing on the knowledge she has gained being in this industry for so many years.  She also spends time building and maintaining relationships with vendors so the Versoft team can remain knowledgeable on technology platforms and tools, IT hosting, and data and outsourced service providers.

When she’s not doing CEO/Principal Consultant/Co-Founder things, Verity likes to spend time with family, including seven nieces and nephews and two great-nephews, in multiple states around the U.S. On rare occasions, she’ll hike around the Oregon Coast, Central Oregon, and other places throughout the Pacific Northwest.

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