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Breaking Banks Fintech

Breaking Banks Fintech

Thursday at 12 Noon Pacific

December 5th 2013: Will Financial Advisers be replaced by the crowd, and how does technology change the way Gen-Y’s plan investment and saving?

Financial Advisers emerged in the US in the 1970s, but hit their stride in the 1980s with new professional designations, associations and regulation emerging to create an industry that is just over 300,000 persons strong. The US alone manages more than $13 Trillion in Assets under Management (AuM) in Mutual Funds, and the US Stock Market has close to $20 Trillion in Aum. But investor behavior is changing. The number of financial advisers in the US shrank by almost 2% last year, as more an more people use technology, investment tools and platforms and seek advice from less traditional sources.

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