WealthTech on Deck Navigating the Future of Wealth Tech: Insights from 150+ Industry Leaders with Jack Sharry
Over the past three years, Jack Sharry has hosted the WealthTech on Deck podcast, featuring interviews with some of the best and brightest financial services leaders. Through these conversations, Jack has learned valuable lessons that will shape the future of the retirement industry.
In this episode, we flip the script as Jack takes the guest seat, and Matt Nollman, VP of Marketing at LifeYield, hosts the show. They discuss the evolution of the retirement industry, reflecting on 150+ episodes of the podcast. They cover key lessons such as the rise of Unified Managed Households (UMH), the critical importance of tax management, and strategies for organic growth. They also discuss the transformative potential of AI in wealth management, and share valuable career advice, emphasizing the power of deep, intentional listening.
In this episode:
- [02:33] - Five lessons from 150+ wealth tech leaders
- [05:33] - Unified Managed Household (UMH) Explained
- [10:25] - Why firms invest so much in tax management technology
- [15:41] - Four factors consumers look for when planning their finances
- [18:12] - Top firms that grow organically and how they do it
- [23:22] - The role of technology and AI in financial services
- [31:14] - Jack's key takeaways
- [34:58] - Jack's advice for aspiring industry leaders
Quotes
[10:49] - "Studies show that the biggest cost investors incur is taxes. So, if you're going to improve outcome, you have to figure out how to minimize tax and maximize outcome, whether for accumulation or income." ~ Jack Sharry
[15:45] - "The top four things consumers are looking for are tax planning, retirement planning, investment management, and cash flow planning. So, what they're looking for is to reduce paying taxes." ~ Jack Sharry
[16:11] - "If you're going to improve the outcome, it's a multi-account exercise. You can't improve one account at a time. You need to do it in a coordinated fashion." ~ Jack Sharry
Links
- Jack Sharry on LinkedIn
- Retirement Leadership Forum
- FA Mag
- Edmund Murphy
- Empower
- Natalie Wolfsen
- Orion Advisors Solutions
- Jed Finn
- Morgan Stanley
- Rose Palazzo
- Edward Jones
- Aaron Schumm
- Vestwell
- Jasmine Jirele
- Allianz Life
- John Thiel
- Merrill Lynch
- Envestnet
- Vanguard
- EY
- Morningstar
- 55ip
- Chip Roame
- Tiburon Strategic Advisors
- Fidelity Investments
- Charles Schwab
- Amy Young
- Microsoft
- Rob Pettman
- TIFIN
- Jud Mackrill
- Milemarker
- Sage
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