The Financial Advisor Revolution

Jay Hummel discusses the revolution in financial advising, emphasizing the shift driven by end investors demanding transparency and technology. He highlights the importance of financial advisors in providing emotional and strategic support, especially during life transitions. The conversation explores the balance between technology and human advisors, focusing on five key areas of return on advice. Hummel stresses the need for advisors to adapt to technological changes while maintaining their value in interpreting data and offering personalized advice. The discussion also touches on the implications of increased longevity on financial planning.

How does the concept of client portals change the relationship between advisors and clients?

What emotional factors do investors consider when making financial decisions?

In what ways does technology empower financial advisors according to the discussion?

What are the implications of longer life spans on financial planning as discussed in the interview?