Redefining Unified Managed Accounts Technology with Evan Rapoport

Technology has transformed the financial advisory industry in recent years. Financial advisers now have access to a range of tools and platforms to help them provide a better service to their clients. While adopting new technologies is not always easy, the advantages of doing so are clear. 

In today's episode, Jack talks with Evan Rapoport, Founder and CEO of SMArtX Advisory Solutions. Building on years of experience in the institutional asset management segment, Evan pioneered managed accounts technology that allows wealth managers of all types to access the same strategies typically only available to the largest investors. Before forming SMArtX, Evan created a comprehensive financial data marketplace for hedge funds, HedgeCo.Net, which still exists today.

Evan talks with Jack about how SMArtX Advisory Solutions helps to redefine managed accounts technology and how it integrates technology to bring the financial advisory industry into the modern day.

Key Takeaways

• [01:05] - Evan's role at SMArtX Advisory Solutions.
• [02:08] - How SMArtX was born.
• [07:35] - How SMArtX fits into Morningstar's ecosystem.
• [12:33] - Evan's perspective on hyper-personalized asset management.
• [16:02] - How SMArtX integrates and coordinates technology to improve outcomes.
• [22:27] - What the future holds for SMArtX.
• [28:26] - Evan's interests outside of work.

Quotes

[03:14] - "As a broker, it is tough to do two things well: raise money and manage money." - Evan Rapoport

[10:47] - "The opportunity with Morningstar is not only working with great people and great culture but also a tremendous business opportunity for us strategically in both powering their TAMP and now building out their direct indexing platform, which they've gone live in beta." - Evan Rapoport

[20:40] - "We are more focused on expanding the general integrations within SMArtX and creating those partnerships more broadly. We let the advisor come to SMArtX and choose what they want, not just tell us what they have." - Evan Rapoport

Links 

• Evan Rapoport on LinkedIn
• SMArtX Advisory Solutions
• Morningstar
• HedgeCo.Net
• Charles Schwab
• Envestnet
• Orion Advisor Solutions
• Black Diamond Capital Management
• Advent Capital Management
• BlackRock
• State Street
• InvestCloud
• Hightower Advisors
• Riskalyze
• Envestnet | Tamarac
• 55ip
• Morgan Stanley

Connect with our hosts

• LifeYield
• Jack Sharry on LinkedIn
• Jack Sharry on Twitter

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