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10 FinTech Trends Financial Advisers Should Be Aware of in 2018

Jeremi Karnell
Jan 8, 2018

The fintech industry is changing faster than many financial advisers are prepared for. Everything from cryptocurrencies to blockchain technology is transforming how financial services agencies and wealth managers serve the needs of their clientele. The sooner financial managers understand the changes that are happening in their industry, the sooner they can get out ahead of these changes in order to facilitate the needs of their clients. If you want to ensure your financial planning firm is ready for the future, pay attention to these top trends in the fintech industry in 2018.

1. Artificial Intelligence Algorithms

Expect to see an increase in wealth management firms using algorithms to aid their clients in making sound financial investing decisions. As AI-powered algorithms get smarter, there will be a surge in financial advisement firms integrating artificial intelligence into their wealth management practices. Watch for more companies like ForwardLane to offer AI technology specifically for the financial services industry.

2. Machine Learning, NLP, and Behavioral Patterning

Machine learning, NLP (natural language processing), and behavioral patterning is another trend influencing the future of financial planning practices. Companies like Essentia Analytics are already developing software utilizing behavioral science and machine learning to better understand investment patterns, market fluctuations, and their impact on sound investment decisions.

3. Under-Served Markets/Developing Nations

One hot trend every financial manager should be aware of is surging interest for financial advice and assistance in developing nations. From