How to produce a financial podcast

One of the most popular pages on Tradestreaming is our Best Investing Podcasts page. When I encounter a valuable resource, I continue to add it to that page.  Slowly, I’m beginning to see more and more financial professionals producing their own podcasts.  That’s awesome — for those of you contemplating how to create a financial podcast, I put together a how-to piece to help. Continue reading “How to produce a financial podcast”

Welcome to a wired world, investors and financial advisors (Future of Investing)

This post was originally included as part of an ebook that I published alongside the launch of my book, Tradestream, entitled “Tradestreaming and the Future of Investing”. The content was so good I wanted everyone to have access to it.


Welcome to a world where the traditional ways in which we gather information, develop relationships, and make important decisions have changed dramatically.  Welcome to a wired world!  Our influences have changed with the explosive growth of the internet and the proliferation of blogs, social networks, online ratings and reviews, and micro-blogging
services that allow us to share, connect, engage and advance our knowledge.  Our networks are accessible from anywhere and everywhere, in real time, through our mobile devices and constant wired connections.  Whether we realize it or not, these online information channels and networks are significantly changing the way we think and behave.

The financial services industry is no exception to the wired world revolution with the emergence of new media investment platforms, social investing sites, and even financial advisors and professionals delivering their insight and guidance through blogs, social media and social networking.  At the same time, consumer access to financial information and guidance, low cost investment vehicles and platforms, increased transparency and choice, and new media tools are empowering individual investors to take control of their
wealth.  We have a paradigm shift happening that will forever change the future of investing like never before.

Investors who can sift through all of the financial content and find the “quality” insights will have the best opportunity for success.  The key will be discovering relevant resources and strategies that they can implement with discipline and consistency.  Financial advisors and professionals who provide high quality, differentiated content in their niche markets and focus on their areas of expertise will be most successful in the race to win relationships with investors.  Blogging, search, and social media will all be part of the strategy equation for attracting the right investors into a suitable model based on their goals and objectives.  Ultimately, investors AND financial advisors who understand and embrace the merging of social relationships and technology can truly become partners in achieving their respective goals.

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WIRED ADVISOR was founded by Stephanie Sammons (LinkedIn).  Stephanie spent a total of 15 years in the financial services industry at two of the largest global wirehouse firms and served as a Financial Advisor, Branch Manager, and Regional Sales Manager.

Future of the (Financial Advisory) Profession

Worth checking out a very interesting report from Bob Veres, financial industry analyst, entitled “Future of the Profession.”

bridgeAt over 100 pages, it’s a really in-depth look at the confluence of trends affecting the industry (brokers, financial planners and RIAs) and a critical look at where Veres thinks the market, business, and profession are headed.

The advisory firm of the future is undergoing a metamorphosis unlike anything that has been experienced in the 40-year history of the profession. This is not surprising, for there are more drivers and trends buffeting the financial services world than ever before: the aging and impending transition issues facing the founding generation of advisors; the market meltdown and business crisis faced by the profession; the advent of new software tools and an emerging dynamic that favors the development of a closer relationship between
custodians/broker-dealers and RIA firms; the democratization of practice management advice and information; the emergence and widespread adoption of new client services; the emergence of viable business models to address middle-market clients; the market trauma leading to a reexamination of how portfolios are created and tended.

Veres’s core thesis is:

  • not a narrow window of opportunity: there is a big opportunity for investment advisors to grow their businesses in the sea-change.
  • evolving from practice to business: practice management becomes more core as advisors focus more on profits and roll-up of advisory practices gains steam.
  • old models going away: Old-school brokerage business is in steep, terminal decline. Fiduciary is the future. This means that mid-market, less wealthy clients can seek service and receive it.
  • technology-enabled new business models: Technology is helping close the distance between custodians/broker-dealers and investment advisory firms as well as creating new business opportunities on different client sets.

All these trends seem to mutually enforce one another and there was a lot of thought and energy put into the report. Check it out.

Thanks Marie Swift. Check out her audio interview with Veres, as well, on the paper’s take-aways.