In this episode, Jeff and Oleg discuss:

• Database, data warehouse, and data lake.
• How Invent takes a data lake and creates ease of use for advisors.
• The three groups of advisor’s reactions to AI.
• The increased accessibility of tech.

Key Takeaways:

• Data lakes store not just rows and columns, but also related files all in a single storage system.
• Everybody is different and has their view of how they want to do business and provide value. Invent dashboards allow advisors to set things up in the way it works for them and their clients.
• It is important to own your data - that is the new goal within business apps.
• RIAs are starting to dabble in the software world because it is becoming more accessible to build your own app.

"One of the most important things when you build a new app in the wealth management space is integration. You can't just build an app in a vacuum. It needs to integrate with everything." — Oleg Tishkevich

Connect with Oleg Tishkevich:

Website: https://invent.us/about-us/

LinkedIn: https://www.linkedin.com/in/olegtishkevich

Connect with Jeffrey Concepcion:

Website: https://www.stratoswealthpartners.com

Contact: https://www.stratoswealthpartners.com/contact

Twitter: https://twitter.com/Stratos_Wealth

Facebook: https://www.facebook.com/stratoswealthpartners

LinkedIn: https://www.linkedin.com/in/jeffconcepcion1/