What is Next for Wealth Management? A Conversation With Fidelity Labs’ Patrick Hannon

Beacon Flash

Patrick Hannon is the VP of SaaS Commercialization at Fidelity Labs, where he leverages his vast experience in financial technology to create and execute go-to-market strategies. With a history of positions at companies like Nitrogen (formerly known as Riskalyze) and Advicent (now part of InvestCloud), he offers a deep understanding of enterprise wealth management. Patrick values mentorship highly, helping young professionals in their career development. He is a thought leader in the industry, known for his strategic focus on integrating technology into financial planning and compliance.

In this episode…

The world of wealth management is undergoing rapid transformation, driven by technological advancements and shifting client expectations. How will advisors adapt to stay ahead in this dynamic landscape?

According to Patrick Hannon, a seasoned expert in financial technology, the key lies in better articulating comprehensive value propositions and leveraging AI to streamline operations. He highlights the importance of integrating unstructured text, like meeting notes and call transcriptions, to enhance client experiences and retention. Patrick also underscores the need for proactive engagement with the next generation of clients, emphasizing financial literacy and early involvement to secure long-term relationships.

In this episode of The Beacon Flash Podcast, host Chip Kispert sits down with Patrick Hannon, the VP of SaaS Commercialization at Fidelity Labs, to discuss the future of wealth management. They explore AI’s impact on advisor workflows, strategies for improving client communication, and the importance of mentorship in the industry. Tune in to gain valuable insights into the evolving landscape of wealth management and the technologies shaping its future.

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1. What is Next for Wealth Management? A Conversation With Fidelity Labs’ Patrick Hannon (00:00:00)

2. Insight Into Enterprise Wealth Management (00:00:02)

3. Strategies for Advisor Growth and Compliance (00:12:29)

4. The Future of Financial Advisor Technology (00:16:51)