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Live From Envestnet: Characteristics of Disruptive Innovators
WealthManagement.com - Advisors need to be disruptive innovators to succeed and overcome the looming challenges the industry faces, he added. During his presentation, Bergman outlined the characteristics of companies that are innovators versus those who are disrupted by someone else with a better mousetrap.
Innovators invest in technology, build and protect their brand, perfect their marketing prowess, hire experienced managers and flex their distribution muscle. They believe in their own strength and flaunt their supremacy.