That's a wrap on IMPACT®2023
October 24-26, 2023
intelliflo attends IMPACT® 2023
From October 24–26, intelliflo joined other professionals, thought leaders, and experts in Philly to attend IMPACT® 2023, one of the largest annual advisory conferences hosted by Schwab. Our team members had a blast, and found great value in connecting with colleagues and friends from all over the US, highlighting the fact that we really are stronger together.
First impressions
The event began with a warm welcome from Jon Beatty, Managing Director and Chief Operating Officer of Schwab, and the enthusiasm and camaraderie that we experienced right from the very start continued throughout the conference. The welcome reception filled the exhibit hall with voices and energy from financial advisors across the country, with everyone visibly excited to connect with industry peers and gain insights into the future.
Our team got to spend time with a wide range of advisors to find out what their biggest challenges are, and how technology can help overcome those challenges. And let’s not forget the Philly cheesesteaks – what a way to get a real taste of Philly!
Top takeaways
Where to begin? We brought home several key takeaways from the event, including:
Schwab’s post-merger vision
Following the acquisition of TD Ameritrade, we learned how committed the company is to making life as easy as possible for registered investment advisors post-merger. Senior executives introduced tech enhancements, fund managers, and AI exploration as part of their evolving services for advisors and clients.
This focus on innovation and technology aligns perfectly with the industry’s growing reliance on digital solutions to drive growth.
“No jerks” rule for M&A
The question of what happens after a merger or acquisition comes up time and time again as a hot topic. During her session, Shannon Eusey, CEO of Beacon Pointe Advisors (the largest female-led RIA with close to $25 billion in client assets), offered a fantastic approach.
She emphasized the importance of assessing the attitudes and behaviors of the other firm in the deal, suggesting a simple rule – “no jerks”, when making a deal. The perfect reminder of the significance of cultural alignment in successful mergers and acquisitions!
Our favorite moments
One of our favorite sessions was our very own Lisa Jacobs sharing how to gain a competitive edge with our intelligent rebalancing tool, intelliflo redblack. We’re proud of our industry-leading solution that’s designed to support RIAs in their quest for scalability, regardless of the size of their client base. The tool’s constant enhancement to keep up with advisors’ evolving workflows and exciting new features on the roadmap was a highlight.
But don’t just take our word for it; you can read how our customer Balentine drives growth and streamlines client and advisor experiences here. Lisa ended the session with a demo of managing the advisory lifecycle through tax-efficient rebalancing and trading, ensuring pre- and post-trade compliance, quickly executing directed trades across thousands of portfolios, and taking advantage of a multi-asset order management system.
Another standout session for the team was the inspirational Olympic legend, Michael Phelps. Michael shared his journey from an 11-year-old dreaming of winning an Olympic medal to becoming the most decorated Olympian in history. His dedication to perfection in technique, setting goals, visualization, and unwavering commitment to his craft really resonated with the audience. He also highlighted the importance of mental health and self-care, encouraging us all to be our authentic selves.
And of course, an honorable mention must go to John C Mellencamp! The event concluded on a high note with an electrifying block party in downtown Philly and a rockin’ performance, the perfect way to wrap up a conference filled with insights, inspiration, and networking.
At the intelliflo booth
Our team spoke to so many advisors who visited the booth over the course of the event, and we had some seriously impactful discussions about the current challenges faced by today’s advisory firms.
The common theme was that advisors are ready to scale their businesses and are increasingly relying on technology to achieve that goal. It’s important to see technology not just as a tool, but as a strategic asset that advisors are embracing for growth, and we were delighted to be able to share with them how our technology enables that.
IMPACT®2023 was without doubt a resounding success, offering a platform for industry professionals to exchange ideas, discuss emerging technologies, and draw motivation from remarkable people like Michael Phelps. As the financial advisory industry continues to advance, everyone who was involved highlighted the industry’s commitment to growth, innovation, and the well-being of its professionals. We look forward to what’s next from our evolving industry.