Don't laugh! Downloading and sorting financial information on PCs got off to a great start a generation ago – remember Managing Your Money? But the possibilities never fully flowered, especially on Macs. More promising, smart-phone apps that allow easy access to all the financial information people already have stored online.
The screen shot at right is from the Pageonce Personal Assistant. Imagine similar and better apps for the iPad, with a screen big enough to see and easily manipulate. The more that investors can readily do themselves, the less need for face time with private bankers or investment advisers.
Straw in the wind: Bank of New York Mellon Corp. is closing nine of its wealth management branches in Pennsylvania, New York, and New Jersey.
“We just didn’t have enough foot traffic to keep these branches open. Our clients are very sophisticated, and they do a lot of their banking online, and in other ways than going to a physical branch.”
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2 comments:
I've handled the iPad in the Apple store a couple times already. You have to try it to understand it.
I like it, but I'm not buying until version 2.0 in a year or so. I don't know if it will be as ubiquitous as cell phones or laptops.
I agree that there is a place for some great financial management apps on it.
Waiting is probably wise, Jim. My cheapo (refurbished) iPod Touch often refuses to recognize a WiFi network. Our Mac techie says its a not uncommon failing. I've seen reports of iPads having the same problem.
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