What you should focus on:
- What features are competitors offering?
- What technologies are they using?
- What’s the best methodology? Is it anything new?
- Are there any new frameworks that look interesting?
- What does the user experience look like?
“On a daily basis, I feel like there’s not enough time. That’s why I do research on weekends. I would say soak up all this information. But at the same time, you have to enjoy what you’re doing.”
Takeaways
We cannot avoid our nature. Although sometimes we may feel like vegging out, human civilization as we know it was built and continues to be built by people who amass information. This curiosity is insatiable, so we have to feed it. By following trends, we learn what will drive the market in the future. For WealthTech, robo-advisors are here to stay, and the same goes for AI and machine learning. If you want to succeed in this field, don’t just blindly follow what everyone’s saying. Do the research yourself!
Hailin Li received an MBA from Northwestern University’s Kellogg School of Management, a PhD in physics from the State University of New York at Stony Brook, and a BS in physics from Peking University, China. Prior to founding yHLsoft, the company that created Advyzon, Hailin served as senior vice president of advisor software at Morningstar until 2012.
Contributed by Vasyl Soloshchuk, CEO and co-owner at INSART, FinTech & Java engineering company. Vasyl is also the author of WealthTech Club, which conducts research into Fortune and Startup Robo-advisor and Wealth Management companies in terms of the technology ecosystem.