Home Personal Finance WealthStack: Using technology in underserved areas of financial planning

WealthStack: Using technology in underserved areas of financial planning

WealthStack: Using technology in underserved areas of financial planning

Investors are looking for more complex advice, so how does technology help bridge the gap in areas of financial planning that are currently underserved, such as wealth and tax planning?

In this episode, Shannon Rosic, Director of WealthStack Content and Solutions, speaks with Andrew Altfest, CEO and Founder of FP Alpha, to learn how his company is empowering advisors to identify more actionable opportunities.

Shannon and Andrew discuss:

Why there is a gap between what investors want and what some advisors are delivering Why investor needs have become so complex How AI is now effectively used in the financial planning process How financial advisors can use advisory engagement tools to quantify and quantify the value they create customers to communicate


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About our guest:

Andrew Altfest, CFP, MBA is the founder and CEO of FP Alpha, the first AI-powered comprehensive financial planning solution that enables advisors to provide actionable and personalized recommendations to clients across more than 15 financial planning disciplines, complementing their current retirement planning software, starting where it stops.

The software enables financial advisors to save time in the planning process through document automation, demonstrate their value beyond investment, and create a tailored outcome for their entire client base.

Founded in February 2020, FP Alpha is regularly cited by industry experts and advisors as one of the most innovative power technology solutions for advisors. Andrew is also the president and principal advisor at Altfest Personal Wealth Management, a $1.5 billion RIA based in New York City. There he advises clients on their personal finances and directs financial planning strategies within the company. He is also an active member of Altfest’s investment committee and the Portfolio Action Group, which sets investment strategy for client portfolios.

As the leader of Altfest Personal Wealth Management, Andrew has led a number of initiatives to grow the business. These include organizing several practice groups focused on client segments, launching private equity solutions and leading the company’s Young Professionals group focused on millennials. He also encouraged further formalization of investment processes and led the introduction of a new technology process mandate with digital planning to improve decision making, customer experience and productivity. In addition, Andrew leads the firm’s investment portfolio tax management efforts and advises clients on charitable contributions.

THE FUTURE OF ASSET MANAGEMENT IS DIGITAL, and advanced technology is powering a new generation of growth-focused advisors. Learn more at WealthStack.

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