Technology continues to play an increasing role in the lives of advisors and their clients. We spoke with both boomer and senior clients recently to get their thoughts about how technology has affected their relationship with their advisor. If you have anecdotes on what you’ve done to embrace technology, leave a comment below or email me at [email protected].
Q: How has technology affected the way your advisor does business?
He uses his computer to make presentations with graphs of our holdings, etc. They’re pretty fancy-looking. Sometimes we need him to explain what it all means. They have pie charts on them showing how our estate is growing and whatnot. He emails, too, and sends us websites and other things when he wants us to know about something.
Nichols Hills, Okla.
What Your Peers Are Reading
Our advisor is very up on the technology. He has all the latest devices. He works out of his home to keep his costs down and does a lot through the email. He has a monthly newsletter he puts out and sends out to his clients via email. I don’t always get around to reading it — don’t tell him! He has even had us sign documents through email, things you would have had to do in person before. So that’s been a real time saver.
Cherry Hills, Colo.
Our advisor is a lovely young lady. Boy, is she ever sharp! She told us awhile back that she wanted us to decide what level of technology we were comfortable with and she would adjust to it. We’re not afraid of technology the way some people are, but, still, we asked her to please send us paper statements. It’s one less thing to worry about — I hate trying to print things. We have email, too, so we told her that would be fine, but we really like that she didn’t force anything on us.