Building a State-Of-The-Art Comprehensive Advice Platform with Deep Srivastav and Martin Cowley

Dec 13, 2022

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In this episode, Jack talks with Deep Srivastav, Senior Vice President and Head of Digital Investment Solutions for Franklin Templeton Investment Solutions. Joining them is Martin Cowley, Executive Vice President and Head of Product at LifeYield.

In his role, Deep is responsible for the development and deployment of Franklin Templeton's investment solutions through digital channels. It involves leveraging financial technologies, data science capabilities, and investment capabilities related to goals-based wealth management to bring Franklin Templeton's personalized investment solutions to market. On the other hand, Martin Cowley is an expert at building platforms across the wealth management ecosystem. At LifeYield, Martin and his team focus on finding the client's unique circumstances and determining the best way to serve them.

Deep and Martin talk with Jack about the collaboration between Franklin Templeton's Goals Optimization Engine (GOE®), AdvisorEngine, and LifeYield's tax-efficient planning and income sourcing to build and expand a state-of-the-art comprehensive advice platform.

Key Takeaways

[01:19] - Deep's role at Franklin Templeton and his work with AdvisorEngine.
[03:48] - How Martin works with Deep to expand the comprehensive advice platform.
[07:44] - GOE® (Goals Optimization Engine) at its core.
[11:00] - Martin's involvement with how wealthtech capabilities are integrated.
[13:44] - A look at where portfolio optimization is headed.
[17:04] - The dynamic nature of improving outcomes.
[22:17] - The future of optimized portfolios.
[24:35] - Martin's three key takeaways.
[27:08] - What Deep and Martin are passionate about outside of work.

Quotes

[14:22] - "When you change the nature of the portfolio advice, it has implications on the whole value chain of advice. Traditional systems have always considered investments a static entity within this whole value chain and all its planning elements. For good investment outcomes to align with those goals, the portfolios and the portfolio risks are more dynamic." ~ Deep Srivastav

[25:19] - "Tax strategies are easy to overlook, but they make a big difference, whether tax loss harvesting, asset location, or withdrawal sequencing. Some things that aren't always part of a plan can kick that plan into the next level of sophistication." ~ Martin Cowley

[25:43] - "We see a lot of value in bridging the gap between planning and execution. That's where some underlying algorithms drive the execution side of things. Much of the work we've done at LifeYield in conjunction with GOE® and AdvisorEngine has been focused on bringing that consistency to the process." ~ Martin Cowley

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