29 min

Integrating Technology, Managing Risk, and Simplifying the Complex with Tricia Rothschild WealthTech on Deck

    • Investing

Risk occurs everywhere in the world of finance, it’s inevitable. As the global business and economic market continue to evolve, so do the risks. With businesses moving forward, how can technology integration in the wealth management industry help mitigate risks?
In today’s episode, Jack talks with Tricia Rothschild, Vice-Chair at the CFA Institute Board of Governors, Board member at Riskalyze, and Advisory Board Member at The TIFIN Group and the Financial Fitness Group.
Over the course of her career, Tricia was an executive at Morningstar in charge of the global software, data, index, and investment research businesses, serving individual investors, financial advisors, and asset managers. In her last role, she was the Chief Product Officer and Co-Head of Global Markets. In her 26 years with Morningstar, Tricia has built a strong leadership team and an innovative business with an enduring impact on investor success.
Jack speaks with Tricia about the risks associated with retail investing, how technology enables asset managers to better understand their clients, and what the future holds for wealth advisory services.

Key Takeaways

[01:31] - Tricia's life's work and what she's passionate about.

[03:12] - The complexity of coordinating plans and investment strategies.

[07:07] - Tricia’s broad interests.

[09:45] - The risks associated with retail investing.

[12:43] - How Tricia addresses risks.

[15:20] - The TIFIN Group’s role in the wealth management industry.

[20:00] - Where the wealth advisory sector is headed.

[23:59] - How technology allows asset managers to better understand their clients.

[25:56] - Tricia's top three takeaways from the wealth management industry.

[27:28] - Tricia’s passions and interests outside of work.


Quotes
[11:41] - "I think there is enough advancement at this point in terms of how AI can be applied to understand past behavior, project what is likely the next step, and provide a better kind of foreshadowing or pathway that would help people alleviate or mitigate some of those risks." - Tricia Rothschild
[20:08] - "There is a need for people to have the precision that each individual family situation requires and deserves. I think the industry is moving toward an increased level of personalization." - Tricia Rothschild
[24:17] - "Asset managers need to have a better understanding of the end-user. They became a little distanced from their customer. This investment in technology allows them to more effectively serve the user." - Tricia Rothschild

Links 

Tricia Rothschild on LinkedIn

Morningstar

Apex Fintech Solutions

CFA Institute

The TIFIN Group

Aaron Klein

Morningstar: Goal Bridge

55ip

JP Morgan 

JP Morgan 55ip

Jenny Johnson

Franklin Templeton

BlackRock

Riley Etheridge

Capital Group | American Funds


Franklin Templeton: Tango 

Franklin Templeton: Bambu

Walmart

Brian Ross

Damon Deru

AdvisorPeak

Addepar


Connect with our hosts

LifeYield

Jack Sharry on LinkedIn

Jack Sharry on Twitter


Subscribe and stay in touch

Apple Podcasts

Spotify

LinkedIn

Twitter

Facebook

Risk occurs everywhere in the world of finance, it’s inevitable. As the global business and economic market continue to evolve, so do the risks. With businesses moving forward, how can technology integration in the wealth management industry help mitigate risks?
In today’s episode, Jack talks with Tricia Rothschild, Vice-Chair at the CFA Institute Board of Governors, Board member at Riskalyze, and Advisory Board Member at The TIFIN Group and the Financial Fitness Group.
Over the course of her career, Tricia was an executive at Morningstar in charge of the global software, data, index, and investment research businesses, serving individual investors, financial advisors, and asset managers. In her last role, she was the Chief Product Officer and Co-Head of Global Markets. In her 26 years with Morningstar, Tricia has built a strong leadership team and an innovative business with an enduring impact on investor success.
Jack speaks with Tricia about the risks associated with retail investing, how technology enables asset managers to better understand their clients, and what the future holds for wealth advisory services.

Key Takeaways

[01:31] - Tricia's life's work and what she's passionate about.

[03:12] - The complexity of coordinating plans and investment strategies.

[07:07] - Tricia’s broad interests.

[09:45] - The risks associated with retail investing.

[12:43] - How Tricia addresses risks.

[15:20] - The TIFIN Group’s role in the wealth management industry.

[20:00] - Where the wealth advisory sector is headed.

[23:59] - How technology allows asset managers to better understand their clients.

[25:56] - Tricia's top three takeaways from the wealth management industry.

[27:28] - Tricia’s passions and interests outside of work.


Quotes
[11:41] - "I think there is enough advancement at this point in terms of how AI can be applied to understand past behavior, project what is likely the next step, and provide a better kind of foreshadowing or pathway that would help people alleviate or mitigate some of those risks." - Tricia Rothschild
[20:08] - "There is a need for people to have the precision that each individual family situation requires and deserves. I think the industry is moving toward an increased level of personalization." - Tricia Rothschild
[24:17] - "Asset managers need to have a better understanding of the end-user. They became a little distanced from their customer. This investment in technology allows them to more effectively serve the user." - Tricia Rothschild

Links 

Tricia Rothschild on LinkedIn

Morningstar

Apex Fintech Solutions

CFA Institute

The TIFIN Group

Aaron Klein

Morningstar: Goal Bridge

55ip

JP Morgan 

JP Morgan 55ip

Jenny Johnson

Franklin Templeton

BlackRock

Riley Etheridge

Capital Group | American Funds


Franklin Templeton: Tango 

Franklin Templeton: Bambu

Walmart

Brian Ross

Damon Deru

AdvisorPeak

Addepar


Connect with our hosts

LifeYield

Jack Sharry on LinkedIn

Jack Sharry on Twitter


Subscribe and stay in touch

Apple Podcasts

Spotify

LinkedIn

Twitter

Facebook

29 min