Summary:
During the 3rd episode of Fintech Impact, Jason Pereira interviews Pawel Brzeminski, the founder and CEO of Snap Projections, a new and exciting Canadian software solution to assist financial planners. They discuss the scope of Snap Projections, as well as tools and challenges facing the Canadian market.
● 01:31 – Snap Projections is a financial planning software for Canadian financial advisors, investment managers, and financial planners.
● 02:12 – Pawel came to Canada over 15 years ago and has a technical background in software engineering,
● 03:45 – In late 2014, he started building the product, and launched in May 2015.
● 06:34 – There are a lot of complex moving pieces with preparing financial plans for clients that Snap Projections assists with in order to make the progress simpler.
● 09:30 – The software was made to be effective, easy to use, easy to communicate to the client, robust, accurate, transparent, customizable, and interactive.
● 13:38 – After entering data, users are able to copy a scenario and test it out.
● 17:45 – Funding is a challenge company has faced, being that they are independent without any equity partners in it. They also have over 500 feature requests on their list.
● 23:59 – Wealth transfer involving “baby boomers” is causing people to ask themselves if they will have enough money to live off of.
● 24:40 – Snap Projections has a sustainability feature to calculate how much they can spend to live a long-term sustainable lifestyle.
● 28:14 – They try to focus on monitoring what financial advisors need, not what their competitors are doing, because they don’t want to make the same mistakes that they may make.
● 29:33 – Snap Projections’ podcast is called “Growing Your Financial Advisor Practice” and Jason Pereira is on episode 6.
3 Key Points:
1. The software was made to be effective, easy to use, easy to communicate to the client, robust, accurate, transparent, customizable, and interactive.
2. Wealth transfer involving “baby boomers” is causing people to ask themselves is if they will have enough to live off of.
3. They try to focus on monitoring what financial advisors need, not what their competitors are doing, because they don’t want to make the same mistakes that they may make.
Tweetable Quotes:
- “Europeans and people in Canada here, and the U.S. as well, they think about money differently…for example, there is not a lot of credit card use in European.” – Pawel Brzeminski.
- “Education actually, the advisor can help increase the financial literacy of the client…the refer ability goes up.” – Pawel Brzeminski.
- “We both have the “Baby Boomer” population in Canada and the U.S. And that wealth transfer that we’ve been hearing about in this industry forever is finally starting to happen.” – Jason Pereira.
Resources Mentioned:
● Facebook – Jason Pereira’s Facebook
● LinkedIn – Jason Pereira’s LinkedIn
● Snap Projections – Website for Snap Projections
● Pawel Brzeminski – LinkedIn for Pawel Brzeminski
● Podcast for Snap Projections – Snap Projections podcast featuring Jason Pereira
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