Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Future Forces Affecting Financial Planning 2015-2025

530 views

Published on

The winning financial planning firms of the next decade will not just meet today's Gen X & Y expectations, they'll get there early. This webinar explores disruptors beyond “fintech” that will plausibly impact financial planning in the coming decade. Examples include affective (emotion-sensing) technologies, personal data as a new (monetizable!) asset class, leveraging idling assets in the Sharing Economy, and human task routing as a way of getting work done and earning micropayments.

Originally delivered as 1st of a mini-series with XY Planning Network on January 13, 2015.

For more on Institute for the Future's research, see www.iftf.org.

Published in: Business
  • Be the first to comment

  • Be the first to like this

Future Forces Affecting Financial Planning 2015-2025

  1. 1. External Future Forces Affecting Financial Planning 2015-2025 Rachel Hatch @Rachelkeas
  2. 2. Context about IFTF • Independent nonprofit research group based in Palo Alto, CA adjacent to Stanford • Key research in global food outlook, ten-year forecast, health horizons, tech horizons • Not predicting, forecasting: plausible, internally consistent, provocative view of what might happen ten years out
  3. 3. Ten-Year Forecast Clients (partial list)
  4. 4. Methodology
  5. 5. 4 External Future Forces • Monetizing Personal Data • Quantifying Social Capital • Leveraging Idling Assets • Augmenting with Affective Tech
  6. 6. Foresight: Monetizing Personal Data
  7. 7. Monetizing Personal Data
  8. 8. Signal of Change: Tsu
  9. 9. Foresight: Monetizing Personal Data • Insight: Expect clients to get both more suspicious and more savvy about privacy • Insight: Anticipate new tallies, new accounting systems to make sense of micropayments • Insight: Look for the personal data conversation to move earlier in the lifecycle
  10. 10. Foresight: Quantifying Social Capital
  11. 11. Quantified Self
  12. 12. Signal: Trov • What: a technology provider focusing on property and asset management. It catalogs & tracks all your belongings and their current value, making it easier to insure, sell, donate & share what you own through your phone. • So What: it is being called “the personal cloud for everything you own.”
  13. 13. Signal of Change: Klout
  14. 14. Signal of Change: Thunderclap
  15. 15. Foresight: Quantifying Social Capital • Insight: Expect XY clients to see the future value of present networks • Insight: Look for new measures of ROI in personal networks • Insight: Anticipate real-time behavior change based on network behavior or influencing potential
  16. 16. Foresight: Leveraging Idling Assets
  17. 17. Signals of Change: Uber, Airbnb
  18. 18. Toward the 3-Business Card Life
  19. 19. Blending of Commercial & Domestic with “Demand Data” for hosts
  20. 20. Foresight: Leveraging Idling Assets • Insight: Look for new balance sheets in which depreciating assets become revenue-generators • Insight: Watch for the rise of the micro- entrepreneur and the blending of commercial & domestic • Insight: Expect more complexity and stopgap measures for cash flow and retirement planning
  21. 21. Foresight: Augmenting with Affective Tech
  22. 22. Affective Technology
  23. 23. Signal of Change: Kinect for Xbox
  24. 24. Signal of Change: Us+
  25. 25. Foresight: Augmenting with Affective Tech • Insight: Design new processes for client service delivery to include emotional feedback loops • Insight: Expect sensitivity around data privacy and surveillance of emotions • Insight: Improve “soft skills” via this emerging technology
  26. 26. 4 External Future Forces • Monetizing Personal Data • Quantifying Social Capital • Leveraging Idling Assets • Augmenting with Affective Tech
  27. 27. What’s Next? • 2025 Financial Planning Clients Wednesday, Feb. 11 at 1pm eastern/10am pacific • Hacking the Future of Financial Services: A Prototyping F2F Session in Minneapolis Friday, March 13 3-5:30pm central, followed by happy hour • #HackFinance4XY, a F2F event organized around FPA NorCal Wednesday, May 27th 5:30-6:30pm pacific

×