The future of wealth management technology is centered around personalization, client-centricity, and the integration of emerging technologies. Recognizing this revolution, Franklin Templeton is at the forefront of disruption, actively transforming the delivery of financial services and developing market-leading technology solutions. They are dedicated to building trusted partnerships by harnessing technology to deliver tailored investment strategies that align with individual goals.
In this episode, Jack talks with Sandy Kaul, SVP at Franklin Templeton. Sandy is also part of the Franklin Templeton Institute, delivering actionable intelligence and insights on the future of the investment and wealth management industry. She has differentiated her career by building a macro-level understanding of how the financial services industry evolves and how this evolution affects investor allocations, specific trading strategies, products, operational practices, and supporting technologies.
As a thought leader in investment and wealth management, Sandy talks about the future of wealth management technology and the role of Franklin Templeton in shaping the industry. She discusses the evolving role of wealth advisors and the shift toward a more client-centric approach. Sandy also explores the future of retirement planning, the changing work patterns of younger generations, and the integration of new technologies like AI and blockchain in the wealth management industry.
Key Takeaways
- [01:41] – Sandy’s role at Franklin Templeton.
- [04:10] – The early years of Sandy’s career.
- [07:48] – Franklin Templeton’s approach to digital and human advice.
- [09:43] – Franklin Templeton’s development of portfolio customization.
- [12:20] – Future trends and advancements in the retirement industry.
- [18:55] – Token wrappers, smart contracts, and personal data monetization.
- [22:23] – AI’s role in the future of asset and wealth management.
- [25:57] – Sandy’s key takeaways.
- [27:57] – Sandy’s interests outside of work.
Quotes
[08:25] – “We’ve been slowly moving away from the idea of advisors being the investment expert to being more of a fiduciary, really helping the client think about their overall financial life, their overall set of goals and responsibilities, and thinking about a financial plan that’s going to help them get there.” ~ Sandy Kaul
[09:49] – “Wealth advisory firms have been moving away from the investment side and moving toward the client-centric understanding and profiling side. They are focusing a lot on behavioral profiling.” ~ Sandy Kaul
[17:39] – “It’s not enough to just be a product manufacturer anymore. It’s really about being a service partner. And we act as a service partner by providing technology.” ~ Sandy Kaul
Links
- Sandy Kaul on LinkedIn
- Franklin Templeton
- Franklin Templeton Institute
- Jenny Johnson
- IBM
- Stash
- Acorns
- Robinhood
- Public
- Goals Optimization Engine (GOE®) | Franklin Templeton
- AdvisorEngine | Franklin Templeton
- Roger Paradiso
- O’Shaughnessy Asset Management
- Canvas
- TIFIN
- Vinay Nair
- Portfolio Analytics Tool | Franklin Templeton
- Morgan Stanley
- Amy Young
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