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FinTech Innovation

FinTech Innovation

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About the Book

Wealth Managers stand at the digital epicenter of a tectonic fault, which is threatening to disrupt the banking landscape as we have known it for centuries. The transforming forces at play are impressive: the once dominant "offering side" (platforms, banks, fund managers) is pushed by regulators towards a "constrained offering" norm, while the "demand side" (private clients and independent advisors) is surging to take a more conscious and proactive role thanks to digital means and social media. The book goes deeper below the disrupted surface of this phenomenon of banking transformation and provides clear insights about what happens in its cavities, where digitalization is teaming up with demographical changes and social media connectivity forcing established economic interests to collide with social transformations. Special Features ·Examine the depth and breadth of financial technology ·Learn how regulations are driving changing business models ·Discover why investors may become the price-makers ·Understand the forces at work behind the rise of FinTech Table of Content Preface Acknowledgments About the Author Part One Personalize Personal Finance Chapter 1 The Theory of Innovation: From Robo-Advisors to Goal Based Investing and Gamification 1.1 Introduction 1.2 A vibrant FinTech ecosystem 1.3 Some definitions, ladies and gentlemen 1.4 Personalization is king 1.5 The theory of innovation 1.6 My Robo-Advisor is an iPod 1.7 What incumbents should consider when thinking about FinTech innovation 1.8 Conclusions Part Two Automated Long-Term Investing Means Robo-Technology Chapter 2 Robo-Advisors: Neither Robots Nor Advisors 2.1 Introduction 2.2 What is a Robo-Advisor? 2.3 Automated digital businesses for underserved markets 2.4 Passive investment management with ETFs 2.5 Algorithms of automated portfolio rebalancing 2.6 Personalized decision-making, individual goals and behaviour 2.7 Single minded businesses 2.8 Principles of tax-loss harvesting 2.9 Conclusions Chapter 3 The Transformation of the Supply-Side 3.1 Introduction 3.2 The investment management supply-demand chain 3.3 How intermediaries make money 3.4 Issuers of direct claims (debt owners) 3.5 The institutionalization of the private banking relationship 3.6 The digital financial advisor 3.7 Asset management is being disintermediated 3.8 ETF providers and the Pyrrhic victory 3.9 Vertically integrated solutions challenge traditional platforms 3.10 Conclusions Chapter 4 Social and Technology Mega Trends Shape a New Family of Taxable Investors 4.1 Introduction 4.2 Generational shift (X, Y, Z and HENRYs) 4.3 About transparency, simplicity and trust 4.4 The cognitive era 4.5 Conclusions Chapter 5 The Industry's Dilemma and the Future of Digital Advice 5.1 Introduction 5.2 Wealth management firms: Go digital or die 5.3 Asset management firms: Less passive, more active 5.4 Robo-Platforms: Less transactions, more portfolios 5.5 Digital-Advisors: Empowered customization 5.6 Robo-Advisors: Be human, be virtual, take care of retirement 5.7 Conclusions: Clients take centre stage at last Part Three Goal Based Investing is the Spirit of the Industry Chapter 6 The Principles of Goal Based Investing: Personalize the Investment Experience 6.1 Introduction 6.2 Foundations of Goal Based Investing 6.3 About personal needs, goals and risks 6.4 Goal Based Investing process 6.5 What changes in portfolio modelling 6.6 Personal values 6.7 Goal elicitation 6.8 Goal priority 6.9 Time horizons 6.10 Risk tolerance 6.11 Reporting goal-centric performance 6.12 Conclusions Chapter 7 The Investment Journey: From Model Asset Allocations to Goal Based Operational Portfolios 7.1 Introduction 7.2 Main traits of Modern Portfolio Theory 7.3 Main traits of Black-Litterman 7.5 Main traits of Probabilistic Scenario Optimization Chapter 8 Goal Based Investing and Gamification 8.1 Introduction 8.2 Principles of Gamification 8.3 Gam


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Product Details
  • ISBN-13: 9788126564644
  • Publisher: Wiley
  • Binding: Hardcover
  • Language: English
  • Weight: 421.84 gr
  • ISBN-10: 8126564644
  • Publisher Date: 2016
  • Height: 13.97 mm
  • No of Pages: 184
  • Width: 156 mm

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