Why RIAs That Take Workflow Management Seriously Are Growing 33% Faster Than Their Peers
Description
How I Built and Sold My FinTech Startup: Louis Retief of Hubly on The Modern Financial Advisor Podcast
In this episode of the Modern Financial Advisor Podcast, host Mike Langford sits down with Louis Retief, co-founder of Hubly, for an in-depth conversation about his entrepreneurial journey in the wealth tech industry.
Louis shares his experience of founding Hubly right out of college, the challenges and opportunities he encountered, and what it's like to have his company acquired by Docupace. They discuss the importance of efficiency and workflows for advisory firms, the role of operations managers in decision-making, and the ongoing consolidation in the wealth management tech space.
Louis also provides insights into how Hubly and PreciseFP are working together post-acquisition and the long-term vision for integrated solutions in financial advisory firms. This episode is a must-watch for anyone interested in fintech, wealth management, and entrepreneurship. Don't miss it!
Chapters:
00:00 Introduction to Hubly and Efficient Advisory Firms
00:52 Welcome to the Modern Financial Advisor Podcast
02:12 Louis Retief's Journey and Hubly's Origin
03:12 The Importance of Workflow Automation
17:13 Challenges and Solutions in Financial Advisory Firms
27:20 Understanding the Financial Advisory Market
33:27 Building for the Back Office
34:43 Lessons from Social Wear
36:38 Hubly's Strategic Pivot
37:43 Acquisition by Docupace
39:15 Research and Decision Making
47:00 Post-Acquisition Integration
49:17 Future Vision and Product Development
53:27 Entrepreneurial Insights and Challenges
56:12 Importance of Long-Term Thinking
58:37 Due Diligence in Tech Partnerships
01:02:12 Final Thoughts and Farewell
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