As technology has advanced, each industry has been forced to adapt and engage in using this new technology. Continue reading to learn more about how financial advisors stay up to date with financial services industry trends and technology.
Attending Conferences
Conferences are a wonderful way to stay up to date with changes in the industry. There are seminars to attend with emerging topics, opportunities to connect with other like-minded professionals, and product demonstrations to see if there are any new tools or softwares that your firm could utilize.
Participate in Webinars
Webinars allow you to learn from other financial professionals without the commitment of attending a conference. You can gain valuable insight from industry thought leaders on new technology and trends in a short amount of time.
Continuing Education
Financial advisors have many different types of certifications they can complete, including Certified Financial Planner (CFP), Chartered Financial Analyst (CFA), and Chartered Alternative Investment Analyst (CAIA). These different certifications can help financial advisors gain further knowledge on different areas of the industry and build confidence for clients. Each certification requires continuing education to retain the certification, allowing financial professionals to continue to learn about new innovations in the financial industry.
Stay Up To Date
You don’t have to take a course to learn more about new technology and trends in the financial services industry. By continuing to be curious about what is new, you can read books from industry leaders and read articles from leading sources, such as Forbes, CNBC, and Harvard Business Review. Podcasts are also one of the most popular forms of learning. Consider listening to financial and investment-based podcasts from industry leaders to stay up to date with any news, emerging tech, and current trends.
Foster An Innovative Mindset
The best way to stay up to date and current with trends and technology in your industry is to build a culture of fostering innovation at your financial services firm. This provides an opportunity for many minds to share ideas, interesting articles, and work towards keeping the firm cutting edge with new technology and practices. Having everyone within the firm keeping creativity and future-forward thinking top of mind can be extremely beneficial to growing the firm.
As technology and Artificial Intelligence have evolved, financial advisors need to stay educated and current to provide the best service to their clients. Our team encourages and values continued education to embrace financial innovation.
If you are looking to revamp your financial planning, having a knowledgeable and trustworthy financial advisor on your side can make the process easier. Our financial advisors can help you reach your personal financial goals. Schedule your consultation with us today.
Sources:
https://www.investopedia.com/how-technology-is-changing-financial-advice-4774011
https://donconnelly.com/why-financial-advisors-must-embrace-technology-now/
https://www.advisorengine.com/blog-feed/innovating-within-your-financial-advisory-firm
https://www.linkedin.com/pulse/embracing-ai-revolution-transforming-future-financial-mark
https://www.forbes.com/sites/forbesbusinesscouncil/2023/06/20/embracing-a-digital-human-model-the-future-of-financial-advisory/?sh=67b4ecf07291
https://www.investopedia.com/articles/01/101001.asp
https://www.cfp.net/career-and-growth/continuing-education/continuing-education-requirements