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Friday, 8 April 2011 - Wealth management? There's an app for that |
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    Edition: U.S. Article Comments (1) Follow Reuters Facebook Twitter RSS YouTube Read Japan to stop pumping radioactive water into sea | 11:29am EDT Scientists find superbugs in Delhi drinking water 07 Apr 2011 New York law now makes choking a crime, results in 2,000 arrests 07 Apr 2011 China concerned at Japan's prolonged nuclear crisis 8:44am EDT Facebook now wants a say in computer hardware 4:47am EDT Discussed 119 U.S. to reach debt limit by May 16: Geithner 81 Stumbling blocks remain in budget fight 75 US Republican budget plan would cut $5.8 trln in 10 yrs Watched NATO air strike hits Libyan rebels Thu, Apr 7 2011 7.4 magnitude quake strikes Japan Thu, Apr 7 2011 High fashion for compassion Thu, Apr 7 2011 Wealth management? There's an app for that Tweet Share this By John McCrank TORONTO (Reuters) - They're sleek, sexy and fun. They're also revolutionizing the way financial advisers do business. A host of adviser-specific apps have taken iPads and other tablets from nifty playthings to seductive business... Email Print Related News Greed and technology tempt insider trading culprits Thu, Apr 7 2011 Go-smarter apps Thu, Apr 7 2011 Texas Instruments to buy NatSemi for $6.5 billion Tue, Apr 5 2011 iPad 2 sold out in the afterlife as Chinese pray for the dead Mon, Apr 4 2011 Special Report: How lobbyists rewrite Europe's laws Fri, Mar 18 2011 Analysis & Opinion The SEC comes round to private markets Larry Gagosian, billionaire Related Topics Technology » Personal Finance » Media » iPad » Stocks     South Carolina Governor Nikki Haley types on her iPad as U.S. President Barack Obama speaks during a meeting with a bipartisan group of governors in the State Dining Room at the White House in Washington February 28, 2011. Credit: Reuters/Kevin Lamarque By John McCrank TORONTO | Fri Apr 8, 2011 11:30am EDT TORONTO (Reuters) - They're sleek, sexy and fun. They're also revolutionizing the way financial advisers do business. A host of adviser-specific apps have taken iPads and other tablets from nifty playthings to seductive business tools that can dazzle and truly educate clients, advocates say. "It's really a new paradigm," said David Wisehaupt, managing director and senior portfolio manager at Wisehaupt Bray Asset Management, a unit of Chicago-based independent brokerage HighTower. "I'm with a client, be they young or old, and ... they sort of can't help themselves -- before the meeting is over, they're manipulating the images on the screen." Wisehaupt, a 29-year financial services industry veteran who works with high-net-worth clients, said the charts, research and portfolio analytics he displays on his tablet screen connect with clients more than one-sided dissertations or lectures. The interactive experience helps clients retain more information and feel more secure about his stewardship of their assets, he said. DISRUPTIVE TECHNOLOGY Bill Winterberg, whose technology consulting firm FP Pad in Dallas, Texas, specializes in working with independent advisers, calls tablets a "disruptive technology" that improves productivity and mobility. He pointed to apps that enable advisers to access customer relationship management and portfolio management tools. For instance, there's Orion Advisor Services' MobileAdvisor app, which displays portfolios, performance information and contact information. It also allows advisers using Orion's platform to rebrand the app, so clients download it, log in, track their portfolios, and view videos that the adviser provides. For security purposes, the data is kept on the Omaha-based company's servers rather than directly on the tablet. Security is the primary compliance concern for advisers using iPads, Winterberg said. At a minimum, he recommends pass code locks and password protection for the tablets. Users also can use a service from Apple called MobileMe that homes in on lost iPads and allows all data to be erased remotely if the tablet is online. INTELLIGENT PAPER 1 2 Next Technology Personal Finance Media iPad Tweet this Share this Link this Digg this Email Reprints   We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (1) JJKIII wrote: Take a look at “StockPop” at the App store. It’s a tool that give you a “picture of Preformance”, a real time radar screen for your portfolio. Apr 08, 2011 11:44am EDT  --  Report as abuse See All Comments » Add Your Comment Social Stream (What's this?) © Copyright 2011 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback   Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Super Lawyers Attorney Rating Service Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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