Michael Kitces
Advisors will have to determine what they are best at in their business or they will go the way of travel agents who thought they would survive by relationships with customers when the internet disrupted the business.
The reality, said Michael Kitces in his keynote presentation at the Envestnet Summit in Austin, Texas, is the 50% of travel agents who integrated technology saw their business grow 300% on average while the other 50% closed shop.
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Ginger Szala
Ginger Szala is executive managing editor of Investment Advisor magazine. She covered the financial business and alternatives industry for 30 years while editor of Futures Magazine Group. MSJ Northwestern, BA University of Wisconsin-Madison. She is based in Chicago. Go Blackhawks!
