Advisor360° President Darren Tedesco discusses how our clean, consolidated Unified Data Fabric™ ensures you and your advisors continue to offer the best advice amid wealth transfer, tax law, and regulation changes.
Chip Kispert: You've been doing this for a while, you are a forward thinker, how does the narrative change for that advisor-customer relationship going forward?
Darren Tedesco: Again, to me, there's always going to be a need for financial advice. The robos were a good example. They were supposedly going to replace advisors. Most of the robos don't exist today. Yet, the advisors are still here, and in fact, as that wealth transfer starts happening, more and more of that biggest generation we have right now, which are the millennials, are going to be needing financial advice. Tax law is not likely getting easier. Regulations for broker-dealers, not likely getting easier.
So all of this comes back to, you’ve got to have a consolidated data that is clean. If you don't have that clean, consolidated data, you can almost forget about the software, frankly, Chip. You've got to have that data layer clean, and we happen to be really good at doing that. And that's why our clients like us.
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