On this episode of WealthTech Unwrapped, Ned speaks with Philipp Hecker, Co-founder and CEO of Bento Engine. They discuss the Wealth Management industry and how technological advancements have paved the way for it to be more client-centric and consumer-friendly.
He believes comprehensive and holistic advice enhances the client experience and outcomes to a different level. In return, the advisors win with higher loyalty, referral rates, and share of wallet. He also highlights that digital marketing is one of the areas that will bring wealth management and financial planning to the forefront for many individuals. However, he suggests that the wealth management industry is guilty of being complex. He highlights that it is important to simplify things and be transparent and that sharing a growth mindset will always be beneficial.