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Cloud Technology Blog for RIAs and Broker-Dealers

What Does A Turbocharged RIA Do Differently?

Envestnet’s Jim Patrick says it overcomes inertia by prioritizing intel, efficiency and scale.

On Sept. 19, Jim Patrick of Envestnet will speak at External IT’s inaugural Wealth Management Technology & Cybersecurity Summit in New York. This event gathers industry leaders and influencers for a day of collaboration and networking on the most crucial matters impacting their businesses.  This blog is the second in the series of profiles of speakers for the upcoming summit.

9/6/16 12:00 PM / by Robin Brown posted in Financial Services, Cybersecurity, Technology

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Upgrade Your Practice for Optimal Succession Planning

Focus Financial’s Anita Venkiteswaran says regulatory changes might prompt greater urgency.

On September 19, Anita Venkiteswaran of Focus Financial Partners will speak at External IT’s inaugural Wealth Management Technology & Cybersecurity Summit in New York. This event gathers industry leaders and influencers for a day of collaboration and networking on the most crucial matters impacting their businesses.  This blog is the first in the series of profiles of speakers for the upcoming summit.

Odds are high that you have not given much thought to your firm’s succession plan, but it would be better for your business if you did.

8/25/16 1:27 PM / by Robin Brown posted in Financial Services, Cybersecurity, Technology

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DNC Email Hack Reveals Costly Risks for Financial Firms

Learn how to keep client and company data safe from malicious outsiders.

The release of email data hacked from the Democratic National Committee made waves last month, on the eve of the party’s convention. Financial firms may think their emails lack the kind of juicy information that would make them a target for hackers. Quite the opposite. Financial firms of all sizes can fall prey to hackers, and many may not have the resources to respond to an attack.

8/16/16 5:00 PM / by Justin Kapahi posted in Financial Services, Cybersecurity, Technology

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External IT News Round-Up 8/7-8/13

A weekly round-up of everything you need to know. 

As an added service for our blog readers, External IT provides a weekly round-up of the stories you need to know in the financial industry. 

Asset management firms can adopt robolike methods to maximize efficiency as price structures change. With investors seeking advisors out online, digital marketing strategies are becoming at least as crucial as in-person sales skills. Learning about cyber criminals’ own cybersecurity precautions may help defend against hacks. And advisors should warn clients to avoid complacency with their security when using financial apps.

8/12/16 11:27 AM / by Robin Brown posted in News, Technology, Trends

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Safety in the Cloud: A Primer on SaaS

Our new white paper shows you how to protect your firm when using Software as a Service tools. 

You might have heard about Software as a Service (SaaS), but chances are you could still learn a great deal about all the potential cybersecurity risks that go along with it. Our new white paper details the steps you can take to protect your firm and your client data when using these applications.

8/3/16 3:48 PM / by Robin Brown posted in Financial Services, Cybersecurity, Technology

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External IT News Round-Up 7/24-7/30

A weekly round-up of everything you need to know. 

As an added service for our blog readers, External IT provides a weekly round-up of the stories you need to know in the financial industry. 

Advisors can show clients how it only requires three hours to take their finances completely digital. Financial organizations are objecting to cybersecurity vulnerabilities in the Securities and Exchange Commission’s proposed financial database. Salesforce released CRM upgrades to help advisors comply with the fiduciary rule. And the Financial Industry Regulatory Authority fined Cetera for allegedly failing to notify clients of changes to account records following a computer coding glitch.

7/29/16 2:00 PM / by Robin Brown posted in News, Technology, Trends

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External IT News Round-Up 7/17-7/23

A weekly round-up of everything you need to know. 

As an added service for our blog readers, External IT provides a weekly round-up of the stories you need to know in the financial industry. 

The Department of Labor has promised to issue guidelines soon on its new fiduciary rule. Wells Fargo plans to launch a robo advisor next year. Morgan Stanley, meanwhile, is planning to implement other digital platforms. On the whole, large and regional banks are partnering with startups to incorporate robo services. And, in one detailed worst-case scenario, a cyber attack that could cripple the whole financial system may be just a few phishing emails away.

7/22/16 9:49 AM / by Robin Brown posted in News, Technology, Trends

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Look Out, The Dark Web Lurks Behind Sites That Appear Safe

Your employees and clients are at least as vulnerable as celebrity CEOs in the technology sector.

You may have heard that Twitter CEO Jack Dorsey’s Twitter and Vine accounts were hacked last week. The group responsible for the attack has previously targeted Facebook CEO Mark Zuckerberg and Google CEO Sundar Pichai. These highly publicized hacks are a major embarrassment, but tech execs are not the only ones who need to be on guard.

You, your firm, and your clients can all be affected by hackers stealing passwords and user IDs. The threat becomes all the more sinister when hackers put stolen information up for sale on the “dark web.” The dark web, also known as the “deep web,” refers to encrypted websites that cannot be found through Google or other search engines.

7/20/16 11:46 AM / by Justin Kapahi posted in Financial Services, Cybersecurity, Technology

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External IT News Round-Up 7/10-7/16

A weekly round-up of everything you need to know. 

As an added service for our blog readers, External IT provides a weekly round-up of the stories you need to know in the financial industry. 

Consolidation and automation over the last decade among large custodian banks may have benefited larger institutions and investors more than smaller ones. Betterment became the first pure-play robo advisor to hit $5 billion in assets under management. The growing presence of robo advisors may in fact pose a threat to human advisors, according to Morgan Stanley. And the U.S. House committee held a hearing with the Federal Deposit Insurance Corporation about its cybersecurity failures over the past year.

7/15/16 12:00 PM / by Robin Brown posted in News, Technology, Trends

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External IT News Round-Up 7/3-7/9

A weekly round-up of everything you need to know. 

As an added service for our blog readers, External IT provides a weekly round-up of the stories you need to know in the financial industry. 

More advisors want to become RIAs. The retiring head of Swiss Re reflected on cybersecurity challenges to the reinsurance industry. And, according to predictions, it will soon be unheard of for companies to operate without cloud technology.

7/8/16 10:15 AM / by Robin Brown posted in News, Technology, Trends

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