May 17, 2015
- Managing Director, Technology Product Management, TD Ameritrade Institutional
In 2020, a mere five years from now, futurist Peter Diamandis predicts that five billion of the world’s 7.5 billion people will be connected—66% of the global population online and suddenly accessible to everyone and everything. Even with conventional estimates being more conservative at 3.8 billion connected, it is still at minimum an additional 1.6 billion new minds in the global marketplace in the next five years. That’s between 1.6 and three billion new consumers, inventors and creators equaling tens of trillions of dollars newly flowing into the economy.
As the available pool of assets is poised to break the floodgates, offering incredible new opportunities for advisors, the competition and range of solutions is also set to grow in volume and complexity. We stand at the edge of a tipping point as global connectivity is poised to truly change the world we live in. And when no one is too big to fail or too small to make an impact, your approach to investing and running your business will have to be at least as disruptive as the investment landscape you are operating in. So where does the RIA go from here? How can you be prepared?