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With cash burn high, WisdomTree offloads AdvisorEngine onto white knight, Franklin Templeton -- which could score big with forgotten Junxure

Franklin CEO Jenny Johnson is taking the San Mateo, Calif., fund firm on an M&A tear of RIAs and RIA software and asset managers, with Legg Mason already under contract.

Author Oisin Breen May 7, 2020 at 2:51 AM
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Jenny Johnson: We’re in the midst of the fourth industrial revolution, and technological advances are reshaping how financial solutions are delivered.

Brian Murphy

Brian Murphy

May 8, 2020 — 7:19 PM
Well, at least that's part of the way in the right direction. Problem is all of these product companies are still focused on using technology to sell products (Mutual Funds, ETFs, etc.). Trying to fit yet another generic technology solution into the intermediary channel. Too many already exist and no one wants to be beholden to a single financial product company. Instead, they should be using technology to solve higher order problems (ie. Saving for retirement, income in retirement, etc.) and positioning not at advisors, but to the mass market. New "financial products" could then stem from that. Just sayin'

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