Advisors use technology to handle challenge in helping clients adjust to the new environment

  • Financial advisory firms have had to adapt using virtual technologies to keep their meetings going with clients.
  • Their newfound comfort with tech will probably change advisory practices well into the future.
  • Top-ranked firms in the 2020 CNBC FA 100 list weigh in on how technology has transformed their businesses.



Abby Phon sitting at a desk in front of a laptop computer


© Provided by CNBC


The Covid-19 pandemic has pushed more financial advisors to figure out how to meet virtually with clients.

Loading...

Load Error

Advisory firms have had to find ways to be able to adapt through the use of virtual technologies to keep their meetings going with clients. That newfound comfort will probably change advisory practices well into the future.

To that point, the first Zoom video meeting that the advisors at Salem Investment Counselors had earlier this year to discuss financial markets was not a resounding success.

“We spent half the time troubleshooting people’s connections, and then it shut down

Read More

Advisors use technology to help clients adjust to the new environment

Luis Alvarez | DigitalVision | Getty Images

The Covid-19 pandemic has pushed more financial advisors to figure out how to meet virtually with clients.

Advisory firms have had to find ways to be able to adapt through the use of virtual technologies to keep their meetings going with clients. That newfound comfort will probably change advisory practices well into the future.

To that point, the first Zoom video meeting that the advisors at Salem Investment Counselors had earlier this year to discuss financial markets was not a resounding success.

“We spent half the time troubleshooting people’s connections, and then it shut down after a half-hour,” said Kip Keener, chief compliance officer for the Winston-Salem, North Carolina-based firm. Salem was ranked No. 1 on CNBC’s FA 100 ranking this year.

Keener immediately switched to a corporate Zoom account and says that videoconferencing between employees and with clients has quickly become an

Read More

Radiator-like fluid systems adjust the genetic wiring inside human liver cells in preliminary work toward artificial organ-tissue engineering — ScienceDaily

Bioengineers are devising a hot new technology to remotely control the positioning and timing of cell functions to build 3-dimensional, artificial, living tissues.

The labs of Kelly Stevens at the UW Medicine Institute of Stem Cell and Regenerative Medicine in Seattle, and Jordan Miller at Rice University in Houston, are collaborating to develop bio-printed, organ-like tissues, such as liver and lung constructs.

The Steven’s lab has the long-term vision of building liver tissues that simulate some of the many, complex functions of the organ. Those artificial tissues could be used to study, for example, how drugs or toxins act on the liver.

This vital organ is prone to damage from infections, medications, poisons, and common intoxicants, like alcohol. Liver disease affects more than 500 million people worldwide and accounts for more than 2 million deaths each year.

Eventually, researchers would like to be able engineer artificial tissues that could be

Read More

Following TechCrunch reporting, Palantir rapidly removes language allowing founders to “unilaterally adjust their total voting power”

Well, that was fast.

This morning, I analyzed Palantir’s newly published 5th amendment of its S-1 filing with the SEC as it pursues a public direct listing on the NYSE. I called the company “not a democracy” after it added new provisions to create a special mechanism called “Stockholder Party Excluded Shares” that would, in the language of Palantir, allow the company’s trio of founders to “unilaterally adjust their total voting power” at will, now and into the future.

Well, Palantir has now filed a 6th amendment with the SEC just a few hours after it filed its previous amendment, and the company has removed all references to this special mechanism from its SEC filing.

The 19 mentions of “Stockholder Party Excluded Shares” and multiple sections where the mechanism were discussed and explained have now been entirely excised. In addition, the company’s line about its founders having the capability to

Read More

The Latest: Arizona Health Officials Adjust Virus Case Count | World News

PHOENIX — Arizona health officials on Saturday reported 610 additional coronavirus cases and 16 deaths, increasing the statewide totals to 213,551 confirmed cases and 5,467 deaths.

According to Johns Hopkins University data analyzed by The Associated Press, the seven-day rolling average of daily new cases in Arizona rose over the past two weeks, from 575 new cases on Sept. 4 to 774 on Friday.

The increase followed the state Department of Health Service’s recent changing of its case-counting methodology to adopt an updated national standard that includes “probable” results from less-accurate antigen testing.

The counting change resulted in big bulges of additional cases Thursday and Friday as the department updated its records to include more than 1,300 probable cases from September and previous months.

Meanwhile, the seven-day rolling average of daily deaths dropped during the past two weeks, going from 32 deaths on Sept. 4 to 23 deaths on Friday.

Read More