{"id":2485,"date":"2018-12-20T16:37:09","date_gmt":"2018-12-20T21:37:09","guid":{"rendered":"https:\/\/www.rixtrema.com\/blog\/?p=2485"},"modified":"2020-09-17T09:43:21","modified_gmt":"2020-09-17T14:43:21","slug":"reasons-why-advisors-should-be-using-more-401k-fintech-tools","status":"publish","type":"post","link":"https:\/\/rixtrema.com\/blog\/reasons-why-advisors-should-be-using-more-401k-fintech-tools\/","title":{"rendered":"Reasons Why Advisors Should be Using More 401k Fintech Tools"},"content":{"rendered":"<p style=\"text-align: justify;\">\u00a0<\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">With the new millennia we crossed the point of no return where technology will be driving growth and prosperity. It is easy to see it happening all around us almost every day. There are new Google, Amazon, Netflix, Uber like companies that appear in different corners of the world. Some will stay and some will go, but we can say for sure that new technology will continue to be developed and it will drive our existence forward in all its aspects.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">There are different technologies in different industries and the advisory business is one of the booming areas of technological development. New technology in account aggregation, <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/www.rixtrema.com\/blog\/14-reasons-why-financial-advisors-should-use-portfolio-crash-testing\/\" target=\"_blank\" rel=\"noopener noreferrer\">portfolio management<\/a><\/span>, robo-advisory are just a few examples how FinTech is evolving. It is quite important to shift your perception and approach to the business with a new technological tide. Advisors who take on the challenge and learn to stay up to date with technology win BIG compared to those who stayed with more traditional, old school practices.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">A <a style=\"color: #000000;\" href=\"https:\/\/www.fidelity.com\/about-fidelity\/institutional-investment-management\/fidelity-finds-number-of-tech-savvy-eadvisors-has-grown\">recent study from Boston-based investment big Fidelity<\/a> found that only four in 10 advisors are considered tech savvy\u2014or eAdvisors, as the company calls them. And being tech savvy pays off:<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li><span style=\"color: #000000;\">eAdvisors report 42 percent higher assets under management than tech-indifferent advisors;<\/span><\/li>\n<li><span style=\"color: #000000;\">They have 35 percent more AUM per client than tech-indifferent advisors (up from 14 percent more in 2014);<\/span><\/li>\n<li><span style=\"color: #000000;\">They have more high-value clients than tech-indifferent advisors;<\/span><\/li>\n<li><span style=\"color: #000000;\">On average, they see 24 percent higher compensation than tech-indifferent advisors; and<\/span><\/li>\n<li><span style=\"color: #000000;\">They report higher satisfaction with their firm and career than tech-indifferent advisors.<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">This list of pros to learn new technology should be inspiring. In my opinion, besides making you a better, more knowledgeable advisor, learning new technology can a lot of fun.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Be sure to request your free demo of our latest 401k fintech tool for plan advisors below:<\/span><\/p>\n\n\n<div style=\"height:50px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/rixtrema.net\/401k\/index?source=12-20-2018\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"147\" src=\"https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2018\/12\/401KFO-new-banner-min.png\" alt=\"\" class=\"wp-image-7004\" srcset=\"https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2018\/12\/401KFO-new-banner-min.png 800w, https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2018\/12\/401KFO-new-banner-min-300x55.png 300w, https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2018\/12\/401KFO-new-banner-min-768x141.png 768w, https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2018\/12\/401KFO-new-banner-min-500x92.png 500w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/a><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0 With the new millennia we crossed the point of no return where technology will be driving growth and prosperity. It is easy to see it happening all around us almost every day. There are new Google, Amazon, Netflix, Uber like companies that appear in different corners of the world. Some will stay and some&#8230; <\/p>\n<div class=\"clear\"><\/div>\n<p><a href=\"https:\/\/rixtrema.com\/blog\/reasons-why-advisors-should-be-using-more-401k-fintech-tools\/\" class=\"excerpt-read-more newsstand-button\">Read More<\/a><\/p>\n","protected":false},"author":3,"featured_media":7005,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[216,231,37],"tags":[42,41,56,12],"class_list":["post-2485","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-article-review","category-fintech","category-technical-advice","tag-401k-plan","tag-401kfiduciaryoptimizer","tag-fiduciary-rule","tag-financial-advisors"],"jetpack_featured_media_url":"https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2018\/12\/Reasons-Why-Advisors-Should-be-Using-More-401k-Fintech-Tools.jpg.png","yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v15.9.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Reasons Why Advisors Should be Using More 401k Fintech Tools<\/title>\n<meta name=\"description\" content=\"With the new millennia we crossed the point of no return where technology will be driving growth. 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