Just got the infamous (for advisors) question that prospects often ask: "what % return should I expect to get if I hire your firm?"

Feeling compelled to take a few minutes & explain why this is NOT what any consumer should ever ask when trying to vet a financial advisor... (1/?)

First & foremost, the reality is that returns are determined by the market, not the advisor. At best, an advisor may say they can beat the market BY a certain amount (1% or whatever?), but that's still relative to whatever the market turns out to deliver. (2/?)

In other words, advisor might get 6% where the market delivered 5%, or 16% when the market was 15%, or -19% when the market was -20%. All beat by 1%. But whether the market returns 5% or 15% or -20%, the truth is no one knows for any particular year. (3/?)

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PaymentComponents

@paymentcomp

👀💻Have you checked our Finaplo Financial messaging libraries? They can be provided either online, through our cloud APIs, or on-premise: finaplo.paymentcomponents.com

#fintech #finserv #ISO20022 #iso20022migration #finaplo #payments

❤️Our FINaplo is already used and loved by thousands of developers worldwide!
paymentcomponents.com/case-studies/f…

#casestudies #iso20022 #SWIFT #SEPA #CBPR #iso20022migration #finaplo #payments

And of course, it was crafted by our awesome team with passion and enthusiasm: paymentcomponents.com

#fintech #finserv #developer #coding #digitalpayments

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MichaelKitces

@MichaelKitces

@TR401

Summarizing wrap-up of my session at #BitcoinForAdvisors w/ @TR401 since we were running tight on time at the end with all the great questions... (1/?)

#FinTech & #FinServ innovation will continue to aid 'holding' problem of how advisors can integrate cryptoassets to their systems. Starting point is being able to aggregate held-away crypto for tracking/reporting, which EVERY advisor should want to do. #BitcoinForAdvisors (2/?)

@Onrampinvest

As holistic advice starts w/ clear view of everything, & platforms like @Onrampinvest are solving for the unique account-agg issues to pull cryptoasset data into existing systems. (Assuming client relationship si strong enough that they WILL share?) #BitcoinForAdvisors (3/?)

Read 11 tweets

PaymentComponents

@paymentcomp

At PaymentComponents, we have been advising Financial Institutions for a long time, trying to find tools and products which offer simple solutions to complex problems.

👉paymentcomponents.com

#fintech #finserv #payments #ISO20022 #CBPR #SWIFT #euro #banking #digital #software

That is why we came up with our FINaplo, a game-changing platform for banks and financial institutions, aiming to dramatically accelerate financial messaging:
paymentcomponents.com/announcing-fin…

#fintech #finserv #payments #ISO20022 #CBPR #SWIFT #euro #banking #digital #software

Try it for free and reap off its' benefits!
finaplo.paymentcomponents.com

#fintech #finserv #payments #ISO20022 #CBPR #SWIFT #euro #banking #digital #software

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PaymentComponents

@paymentcomp

Check out our state-of-the-art aplonHUB: an application to help Banks and EMIs manage all kinds of payment flows - supporting SEPA, SWIFT MT, ISO20022 CBPR+, and Instant Payments: paymentcomponents.com/aplonhub/

Read here its' merits that make it top: paymentcomponents.com/the-single-app…

At PaymentComponents we empower the world's most innovative digital financial services!

#fintech #finserv #payments #ISO20022 #CBPR+, #SWIFT #digital #target2

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PaymentComponents

@paymentcomp

Have you checked our brand new tool, FINaplo?
It is our all-in-one Financial Messaging tool, to better respond to the financial services industry needs: finaplo.paymentcomponents.com

At PaymentComponents we love creating products with impact in people's lives! paymentcomponents.com

Join the Instant Payments move with us!

#fintech #finserv #payments #digital #SEPA #ISO20022 #CBPR+

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