The COVID-19 crisis has kept our industry on its toes, pushing firms and clients to find new ways to communicate and collaborate in spite of new difficulties. If anything, it has underscored how important it is to use technology to your benefit.

This case study covers how advisors like Mike McCann have used technology to automate routine tasks, stay connected with clients and colleagues, and ensure they provide responsive service for every client. His firm, Perspective Financial Services, has used technology to power growth in the face of these challenges – growth for both their clients and their firm.

In reading Mike’s story and his advice, you too can learn to apply these technology tools to your own practice and be better prepared to take on the unexpected.

We’ll cover powerful and practical tech insights and guidance, including:
• Ways technology can help you anticipate client needs and deepen relationships
• How technology can make firms more agile and secure
• Advice based on real-world success

Disclosures:

Schwab Advisor Services™ serves independent investment advisors and includes the custody, trading, and support services of Charles Schwab & Co., Inc. (Schwab), member SIPC. Independent investment advisors are not owned by, affiliated with, or supervised by Schwab.

This is a sponsored feature developed by Schwab and supported by FINSUM.

FINSUM is not affiliated with The Charles Schwab Corporation. Any mention of third-party firms or individuals is not and should not be construed as a recommendation, endorsement, or sponsorship by Schwab.

FINSUM will share your information with Sponsor, Charles Schwab & Co., Inc. Schwab may use it to contact you and to send you additional insights from Schwab Advisor Services™. Read about privacy at Schwab at www.schwab.com/privacy.

©2020 Charles Schwab & Co., Inc. All rights reserved. Member SIPC.

TRG 1220-03BE (12/20)

Moody’s Analytics launched a new platform called PortfolioStudio which is a cloud-based portfolio management tool with risk analysis built in. Moody’s staff say the tool will improve efficiently and allow managers to assess risks in their investments. PortfolioStudio will be a part of the Moody’s ‘ecosystem’ meaning it will share data, models, and assumptions across their applications, and will provide insights to their clients. They view their risk expertise as a natural fit for portfolio management and that the technology will benefit their clients.

FINSUM: Integrating credit and ratings features is a boost that Moody’s can add for their clients and gives them an edge over similar portfolio management platforms.

Over a hundred and thirty nations have already consented to the global minimum corporate tax, and that number just got a little larger as all G20 came forward to endorse a 15% global minimum tax rate. This was a huge win for the Biden administration and secretary Yellen who have been strong advocates, but they still face hurdles with the domestic tax code in the Build Back Better bill. The administration said that the other G20 understand the minimum could take time with Republican opposition and Democratic infighting dominating congress, and the official timeline for the G20 will roll out at the end of the week. The other topic that is driving the G20 are the world's energy shortage which is on the forefront of everyone's minds, and how the world can come together to spur production.

FINSUM:The current form of the Build Back Better legislation aligns the U.S. with the global minimum and extends tax credits for millions of low-income Americans, but we’ll see if that makes it through the Congress at the end of the week.