In recent years, the wealth management industry has undergone many changes. The industry is ripe for disruption, and many companies are already beginning to offer new and innovative solutions.

In this episode, Rusty and Robyn talk with the “swiss army knife” of financial services leadership, Lori Hardwick. Lori is the CEO of Wealth Tech at Red Rock Strategic Partners. She brings over 25 years of experience working in the financial industry as a prominent voice and is known for her passion for continuous improvement in the financial advisory industry. In her role, Lori works directly with C-suite executives at some of the largest financial services companies. She helps them create and execute winning growth strategies and improve the overall experiences for advisors and their clients.

Lori talks with Rusty and Robyn about trending topics in the financial services industry. Among these are how wealth management has evolved over the years, the challenges financial advisory services face today, and how to increase women's participation in the financial services industry.

Key Takeaways

[03:37] - How Lori became involved in many financial services companies.
[07:02] - Lori's most remarkable achievements.
[08:53] - What excites Lori about the financial services industry?
[13:50] - How wealth management has evolved over the years.
[16:45] - Identifying and addressing challenges in financial advisory.
[18:21] - What broker-dealers look for in wealthtech providers.
[21:38] - How to increase women's participation in the financial services industry.
[27:51] - The qualities that make a good financial advisor or wealth manager.
[30:14] - Lori's personal investment strategy.
[32:28] - How Lori motivates people to do their best.
[33:36] - Lori's recommendations for content.
[35:27] - What Lori does for fun.

Quotes

[14:18] - "The historic bold lines that used to be drawn between wirehouses, banks, independent broker-dealers, and RIAs are starting to blend. And watching these firms morph into new services and solutions makes it easier for advisors and their clients to have a better experience." ~ Lori Hardwick

[15:41] - "If you can build efficiencies and the power to help advisors to empower their end clients with more information, that will win the day. That is, having that transparent view across the board and having at least one place where you can see everything in one area and track where you are against your financial plan every day." ~ Lori Hardwick

[27:34] - "If the advisors can relate to their clients about their relationship with money, that is the core to having that great trusting relationship. Advisors don't have to change their client's views on money. They need to understand it." ~ Lori Hardwick

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1539-OPS-8/24/2022

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