Panel 2 – Goal-Based Wealth Management
9:15am – 10:00am

Moderator:
Alois Pirker, Research Director, Aite Group

Speakers:
Tina Hurley, Managing Director, Individual Advice & Planning, TIAA
Michael Rodgers, EVP and Head of Product MarketingInvestCloud
Bryan Sachdeva, Product Director, Digital Wealth Platform, CGI
Anthony Stich, Chief Operating Officer, NaviPlan by Advicent

Financial planning is increasingly evolving from a stand-alone activity conducted by specialists to an activity that is tightly integrated into the advice process and is an integral part of an advisor’s work. In a goal-based wealth management process, goals that are set at the beginning govern subsequent activities from portfolio construction to client reporting. Setting goals and reporting on the progress of reaching goals become the key bases of communication between client and advisor. This session will discuss how wealth management firms approach and implement goal-based wealth management and how they go about creating the necessary data infrastructure in order to implement this process:

  • What is goal-based wealth management, and how does it differ from traditional financial planning
  • Pros and cons of a goal-based wealth management process
  • Implementation strategies
  • Data management requirements for an effective goal-based wealth management process