New technologies make the work of investment advisors more precise and give them greater professional freedom. However, on the other hand, this technological variety will require more research and development if professionals in the field are to continue to stand out and be able to carry out their profession with the necessary level of quality. However, due to the excess of technologies being developed, it is very common for many people who want to enter the field to get lost and even scared. If you don’t understand how to use these tools, your work in the field tends to drop in quality and, consequently, not yield the results you need for a proper career as an advisor.
New Technologies for the Investment Advisor
There are now a number of technologies that can improve the quality of an investment advisor’s work and make it increasingly efficient and precise. It’s worth checking out what they are and getting an idea of how to apply them to the different roles assigned to this professional!
Machining Learning and AI
Machine learning and AI are two factors that help investment advisors deal with a huge volume of data and organize it properly. In addition, these two technologies make it possible to speed up a number of repetitive tasks that take up time that the professional could devote to more productive activities in the profession. Both machine learning and AI are constantly being used to improve the customer experience, for example. By perceiving patterns and points that usually satisfy traders, it is possible to prepare robots for automated service and thus considerably improve the customer’s view of the professional.
Big Data
The amount of data gathered by Big Data allows investment advisors to carry out extremely precise work. Through this technology, it is possible for the professional to analyze a series of data from the market and reach more assertive conclusions due to the greater amount of information for analysis. All of this happens because the amount of data accumulated by Big Data, along with the variety and speed of its storage, is very large. As a result, conclusions can be drawn much more quickly and accurately than in previous times.
Cloud technology
The cloud is a very interesting technology for investment advisors because of its security and practicality. Basically, it’s possible to access information and carry out tasks without extremely expensive equipment and, as a result, carry out work that is suited to the demands of clients. As security is a very decisive point among clients looking to start investing, an advisor who can use the cloud will be much more highly regarded precisely because it offers a greater degree of reliability. In addition, the organization that the cloud provides through constant backups, for example, helps the professional not to lose the most relevant information for the job.
Regulatory Technology
Regulatory technology is an essential tool for the investment advisor due to the large number of activities that can be carried out easily to comply with the necessary regulations. Keeping up with regulatory obligations is very crucial for the future of the investment advisor. Therefore, using tools that make this easier will greatly help your image with both clients and regulatory bodies.
Blockchain and Smart Contracts
Blockchain and Smart Contracts are interconnected and very important tools for today’s market. While the former is a book of records that cannot be modified, Smart Contracts are digital, self-executing contracts that use the system set up by the Blockchain as a way of guaranteeing security and compliance with agreements.
How to Prepare for the Future of Investment Advisors?
Preparing for the future scenario for investment advisors requires a wide range of technological knowledge, along with ways of understanding the clients interested in the service. That’s why you need to know the 5 indispensable steps to being an excellent investment advisor and making a name for yourself in the field. You can also prepare yourself conceptually for the profession with this free e-book, which will provide you with the knowledge you need to grow professionally in the field. With this background, you will certainly be prepared for the most diverse issues that may arise in the course of your profession!
Improve your technological knowledge
Improving your technological knowledge is indispensable for being a competent investment advisor who is considered for the future. After all, various technological tools developed as software, servers or programs are designed to facilitate work in this area. VASPs, for example, are great applications precisely because they are great places for providing digital assets. This makes it much easier to understand which are the best options for both the investor and the advisor.
Proper understanding of the investment advisor’s challenges
Understanding the challenges faced by investment advisors is extremely important if you want to know the main demands of the professional who enters this market. To begin with, therefore, you need to be able to answer the question “why be an investment advisor?”, so that you can be sure that you will be able to meet the main challenges in the field. Today, for example, there is much discussion about how the Tokenized Economy directly impacts the market and its applications. If the advisor is not aware of this, he or she will tend to lose more and more relevance precisely because this is a very strong trend that is here to stay and, consequently, the professional’s work will be severely compromised.
Secure good certifications
As well as being compulsory to work in the profession, good certifications will guarantee greater reliability for the client who wishes to hire the advisor. The CFA (Chartered Financial Analyst) together with the CFP (Certified Financial Planner) are well-known certifications in the investment market and, in turn, guarantee a good impression.
Keep up to date with the world of investments
Technology has greatly altered the way in which investments are viewed and used on a daily basis. That’s why it’s necessary to keep up to date with the latest developments so that the advisor’s work isn’t limited or out of step with current needs. For example, imagine if a client asked their investment advisor for suitable ideas for investing in DREX. If the professional isn’t up to date enough, they won’t know about this new form of investment and will end up losing a potential deal.
Improve your communication
Improving the quality of communication will enable the investment advisor to properly understand the needs of clients and interact well with them. In this way, you can guarantee greater success in the field due to the greater satisfaction of the people who seek out the professional, making the advisor more sought after. To help your communication skills, we strongly recommend that you talk to more people, read every day and constantly study your own language as well as foreign ones. This way, as well as adding to your baggage, you’ll be able to more easily pass on all the conclusions you’ve reached in your calculations to your clients, for example. One of the most interesting things that technology has made possible is the investment management platform. Through it, you can properly control the trades you make and more effectively understand the entire asset market at the moment in order to make the best choices. With BLOCKBR, you have the support of a fintech that specializes in building the right infrastructure for tokenization. This will enable you to guide all your work as an investment advisor through an appropriate migration to the universe of tokens and with the guarantee of the necessary regulations for the future of the market! BLOCKBR is a fintech specialized in building infrastructure that allows a simplified migration to tokenization, meeting the needs of a highly regulated environment. Our main mission is to develop autonomy for the capital market so that it can move, grow and potentially access digital assets. We develop legal and technological solutions that create opportunities and simplify the way in which financial services will operate, from the structuring and new roles of the agents involved to the management and supply of these assets, generating efficiency, lower costs and greater speed of liquidity. We take care of the entire technological infrastructure for tokenization and regulation, simplifying your life so that you can take care of your customer relationship.
