Bloomberg Talks Former Personal Capital Chairman & Founder Bill Harris Talks Entrepreneurship
Jun 27, 2025
A seasoned entrepreneur shares insights from the fintech world, emphasizing the significance of networking and industry trends. The discussion delves into how digital technology is reshaping finance and media, highlighting the slow adaptation of finance to new tools. The transformative potential of blockchain on payment methods is also explored. Further, the talk reveals how AI is revolutionizing financial advice and stresses the importance of tax considerations and community in planning.
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40-Year Magazine Industry Story
- Bill Harris shared a 40-year acquaintance story with Michael Loeb, starting from their time in the magazine industry.
- They worked together at Time, Inc., and Michael built a subscription business sold back to Time, Inc.
Finance Ripe for Digital Disruption
- Finance and media are the two industries most drastically changed by digital technology.
- While media has transformed rapidly, finance still retains long-established firms, making it ripe for digital disruption.
Tech-Driven Wealth Management Advice
- Focus wealth management on clients with $1 million to $5 million who lack traditional white glove service.
- Use technology to scale and improve tax and investment strategies for better after-tax returns.