Our mission is to impart the knowledge and provide the educational resources needed for financial services professionals to be successful. As the financial services industry’s preeminent educational solution, ouraccredited program addresses the evolving needs of our industry,
The basics of FinTech will be introduced in this course, including Digital Advice platforms, Artificial Intelligence, Machine Learning, Big Data, Artificial Intelligence, Digital Banking, Machine Learning, Cryptocurrencies, Blockchain, amongst other topics. While many of the topics introduced in this course will be explored in depth in subsequent courses, this course will provide the foundation of the major catalysts of the ongoing transformation of Wealth Management.
Introduction to Chalice Network (Question, Do we want just a few minutes to introduce the Chalice Network? I think we do…)
Introduction to the Chalice FinTech Institute
What is FinTech?
Brief overview of important FinTech technologies and trends:
This second level course explores several of the major trends both that are shaping FinTech and are most impactful to Wealth Management. Among the topics that will be explored will be Digital Advice, Artificial Intelligence and the importance of Big Data and data management.
Evolution of Digital Advice
Big Data/Data Management
While it is one thing to service clients using remote technology like Zoom and Microsoft Teams, it is quite another to manage and grow your practice using these digital tools. This course will offer an overview of the digitally powered advisor’s office as well as best practices that are being employed by advisors to pivot their practice to a digitally powered clients service and acquisition model.
What are the digital tools that advisors are employing to manage and grow their practices?
What are the best practices in Wealth Management to employ a digital sales and service model?
Various wealth management models will be covered, including robo advisors, disruptive discount brokerage platforms and other capabilities. Variations on these concepts will be discussed and highlighted, with a focus on their ability to gather both clients and assets.
Overlay digital advisors…
Discount brokerage platforms
Streamlined operational flow
Other emerging FinTech platforms
Building on the concepts introduced in the prior course, three specific firms will be discussed on a deeper level. How each firm started, their value proposition and growth strategies and their prospects for the future will be covered in each case.
Betterment Case Study
TastyTrade Case Study
A combination of FinTech innovations, an ongoing Pandemic and a client base that is increasingly influenced by on-line experiences like Amazon are all converging to transform operational workflows. Emerging technologies that are quickly becoming mainstream will be discussed, as well as where we believe the next series of transformations will take place.
How did we get here?
The term “hybrid” advisor is increasingly being used to describe advisors who bring the best of in person interactions augmented by digital capabilities. This course will cover how advisors will increasingly employ an omnichannel approach, meaning that they will be able to align specific advice delivery models, either in person or digitally, depending on how the clients want to be serviced.
The Value Proposition of the Legacy Advisor
What Will the Value Proposition of the Future Advisor Be?
Why This Transformation Critical to the Future of Wealth Management
Blockchain, which is the processing of transactions using a distributed, public ledger, has the very real possibility of transforming the way virtually every transaction is processed. This course will provide the foundation and history of Blockchain, as well as where this technology may take us.
What is Blockchain?
How did Blockchain start?
Asides from cryptocurrencies, what are its potential applications?
How will Blockchain potentially transform Wealth Management
What are the risks of Blockchain?
Cryptocurrencies had a fascinating beginning and have quickly evolved into many different types of tokens. This course will cover the history, current state of cryptocurrencies and the potential for this payment method to become a real threat to the US Dollar and other worldwide currencies.
What is a cryptocurrency?
How did cryptocurrencies grow?
Who are the buyers of cryptocurrencies today?
Do cryptocurrencies have a role in modern portfolio construction?
Where do we go from here?
As more and more critical client information leaves paper files and enter the digital realm, the security of this information is an increasingly important function within Wealth Management firms. A leading cybersecurity expert will discuss the myriad threats facing Wealth Managers, including phishing, ransomware, and other threats to advisors, as well as tools and tactics that advisors can use to mitigate these threats.
What amount of client data is currently in the cloud
What are the risks that Wealth Managers face when it comes to the security of their data?
What are the organizations that support you (e.g. custodians) doing to help protect your client’s data
What can you do within your practice to protect your client’s personal data?