1. Higher Interest Rates,
Higher interest rates would have key implications for our growth rate.
2. Business Credit Boom,
Ten years ago, if you asked consumers if they knew their FICO scores, you’d elicit a blank stare. Today, FICO scores are at an all-time high and free personal scores are everywhere. This awareness, along with technology that allows transparency into business credit, points toward business credit scores going mainstream even faster. Business credit is ripe for an awareness surge in 2018. -Levi King, Nav
3. Tax Reform,
Everyone is on pins and needles to see how the new tax bill will impact our planning strategies. The bill includes major changes to individual and business taxes, which will certainly affect our business and many of our clients. -Stacy Francis, Francis Financial, Inc.
4. The Rise Of The ‘Bionic’ Adviser,
While much has been made of the emergence of robo investing solutions, the most successful firms will be “bionic,” leveraging technology and marrying it with a high-quality human touch to deliver advice and help clients stay committed to their goals. Robo investing platforms have not been tested in a severe down market like 2008-2009. How will robo investors fare when the next bear comes? -Erik Christman, Oxford Financial Partners
5. Productivity Through Automation,
Basic, repetitive duties and simple managerial decisions can become moresimple, more efficient and more accurate using office automation software. Data can be generated and analyzed by a human resource only if needed. Automation is not supplanting humans with computers and machines. It’s about eradicating stagnant processes that workers employ daily, so as to improve performance and efficiency. – Ross Garcia,PREI Capital Group / Divorce Mortgage Advisors
6. Larger Artificial Intelligence Role,
7. Banking On Fintech,
Today’s young consumers expect the facility to conduct banking on their mobile phones, not in a branch. Though notoriously conservative and slow to react, look for the big banks to partner with (or acquire) startups in the fintech space in an effort to improve their outdated online business and consumer platforms. – Ismael Wrixen, FE International
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