Technology

Technology will empower private investors and transform the private banking industry. Technology that gives private investors a clearer view of their finances is evolving rapidly: but clarity can lead to shock at the inefficiencies embedded in a portfolio. As private investors obtain tools that provide holistic views of their financial lives, it will transform their relationships with their advisers and intermediaries. Increased transparency will boost competition, squeezing financial product margins and rationalizing the pricing of various advisory services. This in itself will shake out much of of the deadwood in the advisory universe by exposing its under performance.

Worth magazine October 2006

Technology is the stock markets new leadership. This is a healthy rotation. Money is chasing relative earnings growth. This is a long term positive.

Just wait till people see how much they are losing in the hedge funds and the fees and with new technology capability...most investors have no idea what they own or how it is doing....try asking someone!

Barkly seen here with his favorite soccer and hockey player.