The WealthTech Insider

Finura Group

Discussing all things Wealth Tech. News and trends with great guests from all over the industry and the world. Keen to submit a question to our hosts? https://zfrmz.com.au/jQwb2EGV0Rv6HSWcDrFG

  1. 13h ago

    Code & Capital Turned 100 & Pete still hasn't been cancelled - Miracles do happen!

    Code and Capital at 100: PowerPoint, conferences, Harvey AI, and the risks of AI speedDanni is joined by Peter Worn, co-host of World Tech Insider and the writer behind Code and Capital, which just hit its 100th edition. The episode looks at the ideas Peter has returned to most often in his newsletter and why they matter for advice firms, tech vendors, and anyone working in a heavily process-driven industry.We discuss how newsletter writing has become a way to sharpen opinions before speaking, why PowerPoint often obscures more than it clarifies, and why conferences can be both valuable and wildly inefficient. The back half turns to AI hype and AI risk, including Harvey AI, medical transcription errors, and the danger of moving too fast from file note to advice.Key topics:Peter reflects on reaching 100 editions of Code and Capital and why writing has become a useful way to process industry issues before speaking publicly.In this episode, Peter explains why he sees content creation as a labor of love rather than something to do only for output or growth.Peter makes the case that PowerPoint is often overused, especially when a Word document or a better visual format would be clearer.He argues that PowerPoint works best as a storytelling tool when used with strong data, benchmarking, and cleaner design rather than text-heavy slides.We examine the “conference industrial complex” and Peter’s view that the industry spends too much time and money on events, sponsorships, travel, and merchandise.Danny shares a waste estimate for a three-day conference, prompting a broader discussion about landfill, carbon impact, and whether the sector is doing enough to justify the footprint.Peter revisits his Harvey AI commentary and explains why he was sceptical of the company’s valuation, marketing spend, and the way it signals adoption to buyers.We discuss why landing pages that lead with funding totals and user metrics may impress buyers, but also suggest the real purchaser is the CTO or CEO, not the end user.Peter’s “magic mushies” story explores a real-world AI transcription error in healthcare and how a mistaken note contributed to a rejected workers’ comp claim.The episode closes on the broader risk of AI making lazy people lazier, especially in compliance-heavy workflows where a small error can cascade into a bad advice outcome.Peter previews a new presentation, Beware the AI speed trap, built around the need for checks, human review, and consistent firm-wide processes before automating advice generation.Chapters00:00 - Welcome back and Peter’s Code and Capital milestone00:55 - Writing 100 editions and why it became a habit02:07 - Writing to sharpen opinions before speaking03:40 - Internal Slack, shared values, and industry banter05:15 - Why PowerPoint often becomes “death by deck”06:27 - When PowerPoint works and when a Word doc would be better08:33 - The conference industrial complex and who pays09:59 - Too many events, too little time in the office11:35 - Counting the hidden cost of sponsorship and attendance12:02 - Conference waste, landfill, and carbon impact14:08 - Better merch choices and what not to give away15:28 - Revisiting Harvey AI and the valuation hype19:14 - Why leading with funding figures feels odd20:12 - Product usage dashboards as a signal to buyers21:49 - Why Grow still stands out as a prediction22:21 - Super administration, outsourcing, and death benefit delays25:19 - Why squeezed suppliers eventually fail26:29 - Introducing the “magic mushies” AI transcription story27:05 - How a medical note got hallucinated into a false claim29:02 - Why convincing AI outputs can make people stop checking30:11 - AI amplifies both the best and worst traits in users31:07 - The danger of AI transcription feeding straight into advice32:29 - Beware the AI speed trap and the need for QA33:08 - Code and Capital continues

  2. Sep 15

    BIG AI NEWS: Your Apple Watch is always listening. A nightmare of AI policies at work.

    Microsoft and Apple just made one thing clear: the future of AI is built into the devices people already carry, and that changes everything for advisers, firms, and anyone handling sensitive conversations. Danni Le Grande and Peter Worn break down two fast-moving releases that could reshape how meetings get recorded, summarised, and stored. From Copilot’s new ability to record in-person conversations inside the Microsoft work environment to Apple’s push into on-device transcription with the Apple Watch and a new foldable iPhone, this episode is a sharp look at where AI hardware is heading next. You'll discover: Why Copilot’s new “record the room” feature is such a big deal for advisers, accountants, and other client-facing professionalsHow Microsoft is handling speaker detection, summaries, and work-based governanceWhy Apple’s new recording features may push AI out of apps and into everyday hardwareWhat a $3,500 to $5,899 foldable iPhone says about the next wave of device upgradesWhy privacy, consent, and workplace policy are about to become much harder to ignorePeter explains how Microsoft is quietly closing the gap on the note-taking tools people already use in meetings, while Danni pushes on the practical questions that matter most: who was recorded, where the files live, and whether firms can actually govern this stuff once it leaves the laptop and lives on a phone or watch.Then the conversation shifts to Apple’s latest hardware play, including a foldable iPhone, financing on premium devices, and a new Apple Watch feature that can record and summarise conversations directly on device. That opens the door to a bigger debate about convenience versus consent, and what happens when recording becomes so easy people stop thinking about it. If you work in wealth, advice, law, accounting, or any business where meetings matter, this episode is essential listening. AI transcription is no longer just a software question—it is becoming a hardware, privacy, and policy issue, and the big platforms may be about to crush the startups built around single-purpose recording tools. Perfect for anyone trying to stay ahead of AI in the workplace without getting caught off guard by the privacy and governance fallout.

  3. Aug 27

    🚨 Big news in the wealth tech world! 🚨 Vanguard is acquiring Altruist for $4 billion.

    The financial landscape is shifting, and in this episode, Danni Le Grande and Peter Worn dissect a landmark acquisition that could reshape the wealth tech industry. Vanguard’s recent $4 billion acquisition of Altruist is not just a transaction; it’s a bold statement about the future of wealth tech. Danni and Peter dive deep into the strategic motivations behind Vanguard’s entry back into the RIA space, exploring how Altruist has successfully carved out a niche in a market dominated by giants like Fidelity and Schwab. You'll discover: how Altruist’s innovative tech solutions, including their AI-powered tools, are transforming traditional advisory services into a seamless, tech-driven experience. The conversation takes a fascinating turn as they break down adviser reactions and the potential backlash against this acquisition. With Vanguard now positioned as a competitor in the advisory space, what does this mean for the independent firms that have relied on Altruist’s services? Peter shares insights on the cultural impact this acquisition may have on advisor-client relationships and the broader implications for the market. The stakes are high. Ignoring these developments could leave advisors vulnerable in a rapidly evolving industry. As technology and advisory services converge, understanding this shift is critical for anyone in the financial sector. #Vanguard #Altruist #FinanceNews #AdvisorTech #wealthtech

  4. Aug 11

    The Science and the Art: How Rising Tide's Matt Hale is Building AI Into Advice

    What happens when a firm that's brilliant at the art of advice decides to get serious about the science? In this episode, Danni Le Grande sits down with Matt Hale, Managing Director of Rising Tide Financial Services, for an honest conversation about the AI journey his practice has been on, not over a few months, but a few years. Matt shares how Rising Tide moved from anecdotal, "in-my-head" processes to a documented advice methodology, and how AI Agents now sit inside that journey with one clear job each: file notes, intro-call coaching, implementation, and reviewing advice documents against the firm's philosophies and "Bible." Along the way, Matt and Danni get into the stuff that actually makes or breaks a tech rollout: knowing your own gaps ("I'm the best person to get something from zero to 80%, and the worst to get it from 80 to 99"), running an internal innovation month with a cash prize to build the habit, and the very real challenge of change fatigue. Matt explains why "humans dealing with humans is a recipe for drift," why AI feedback lands differently than feedback from a person ("AI doesn't wake up on the wrong side of the bed, and the camera doesn't lie"), and how he separates his Copilot Agents from his more philosophical "Projects." In this episode: The "science and art" of advice, and why most firms lean one wayUsing DISC and honest self-audits to understand your leadership gapsRunning an innovation month to make AI a daily habitGiving agents one clear task, not ten jobsAgents vs. projects: where each one fitsCoaching that doesn't sting, objective feedback from transcriptsReviewing advice documents against your philosophy with a traffic-light systemNavigating change fatigue and AI fatigue with your teamWhat to look for (and avoid) when working with consultants

    The Science and the Art: How Rising Tide's Matt Hale is Building AI Into Advice
  5. Jun 2

    From APRA to ASIC: The Regulatory Clock on AI Just Started

    APRA's late-April letter on AI was addressed to Banks, Insurers and Super Trustees. It wasn't addressed to AFSLs — and Pete Worn reckons that distinction will matter for about six months. In this episode, Danni and Pete unpack Pete's latest Code & Capital on what APRA's AI letter signals for the broader advice industry, and what ASIC is almost certainly preparing in the background. They cover: Why AI isn't "just another technology" — and why deterministic thinking gets you into trouble fastThe four areas APRA put on notice: cyber, governance, supplier risk, change managementWhy boards are flying blind on AI literacy, and why the vendor lunch-and-learn is now a regulatory red flagThe fourth layer of due diligence no one was doing before — and why it changes everythingFresh data from Finura's latest Tech Health Check: only 57% of licensee-aligned practices run due diligence on tech providers, and 48.6% of practices admit they can't explain every app in their own stackClaude Code in production, frontier AI vendors that can't answer DD questions, and the systemic risks no one is mappingAustralia's surprisingly low AI trust scores, UHNW clients refusing meeting recordings, and what Scott Galloway calls "the biggest brand problem of any technology in human history"A practical, sometimes uncomfortable look at the gap between how fast advice firms are adopting AI and how slowly governance is catching up. #finuragroup #dannilegrande #peterworn #ai #technology

    From APRA to ASIC: The Regulatory Clock on AI Just Started

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Discussing all things Wealth Tech. News and trends with great guests from all over the industry and the world. Keen to submit a question to our hosts? https://zfrmz.com.au/jQwb2EGV0Rv6HSWcDrFG

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