Today, we’re seeing three major trends shaping the financial services industry – the retirement of baby boomers, taxes, and the popularity of financial advice platforms. As these trends significantly impact how financial services companies deliver their products and services, what do these trends mean for the future of investors and the industry?
In this episode, we flip the script as Matt Nollman, VP of Marketing at LifeYield, takes the host chair to talk with Jack Sharry as the guest. As Jack speaks with industry leaders on what they’re working on to move the industry forward and their businesses weekly, he assesses the top trends in the financial services industry.
Jack talks with Matt about his takeaways from his conversations with industry leaders and the top three trends shaping financial services today. Jack speaks about how retirement has changed over time, why financial services place so much emphasis on tax alpha, and how financial advice platforms are increasingly becoming customized.
Key Takeaways
- [01:30] – The three most significant trends in financial services today.
- [03:02] – How retirement has changed over time.
- [04:10] – Jack’s key takeaways from previous episodes on retirement.
- [06:48] – Why financial services place so much focus on tax alpha.
- [09:20] – Eight ways to improve after-tax returns.
- [11:52] – How financial advice platforms are increasingly becoming customized.
- [17:50] – Key takeaways Jack wants to share regarding tax alpha.
- [20:37] – What Jack enjoys doing outside of work.
Quotes
[03:33] – “The increased inflation and market volatility, plus the threat of higher taxes, have caused many people who are considering retiring to become unsettled and insecure about when and how to retire.” ~ Jack Sharry
[07:23] – “The most prominent issue in light of tough markets and inflation concerns are taxes. Taxes are the biggest cost investors incur and are more than their expenses combined.” ~ Jack Sharry
[07:55] – “Tax efficient asset management is the cornerstone of a successful retirement accumulation and de-accumulation plan. The more efficiency that you can obtain, the better.” ~ Jack Sharry
Links
- Jacquelyn Reardon
- Franklin Templeton
- Jason Fichtner
- Alliance for Lifetime Income
- Vanguard
- Morningstar
- Envestnet
- J.P. Morgan
- Amanda Lott
- Forme Financial
- Charles Schwab
- Blucora
- Rose Palazzo
- MoneyGuidePro
- McKinsey
- Authentic and Ethical Persuasion: Achieving What’s Important in Life Through Committed Listening and Compelling Stories
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