Financial Planning Clients in 2025

2025 Financial Planning Clients(the start of a conversation)

Rachel Hatch@Rachelkeas

© 2014 Institute for the Future for Omidyar Network. All rights reserved. SR-1751

Signal (Definition)

Small or local innovation or disruption that has the potential to grow in scale and geographic distribution

Context about IFTF

• Independent nonprofit research group based in Palo Alto, CA adjacent to Stanford

• Key research in global food outlook, ten-year forecast, health horizons, tech horizons

• Not predicting, forecasting: plausible, internally consistent, provocative view of what might happen ten years out

Ten-Year Forecast Clients (partial list)

Methodology

4 External Future Forces

• Monetizing Personal Data

• Quantifying Social Capital

• Leveraging Idling Assets

• Augmenting with Affective Tech

2025 Financial Planning ClientsHow they will PROTECT

Signal of Change: Uber Insurance

• What: Carsharing service utilized by urban dwellers, which automatically comes with liability insurance.

• So What: Expect to see a whole new range of risk mitigation-providers

Signal of Change: Metromile

• What: Meta-service offered in the sharing economy so that you only pay for insurance when you are driving for personal use.

• So What: Expect to see the rise of micro-insurance for high-resolution risk mitigation

Signal of Change: Trov• What: a technology

provider focusing on property and asset management. It catalogs & tracks all your belongings and their current value, making it easier to insure, sell, donate & share what you own through your phone.

• So What: it is being called “the personal cloud for everything you own.”

2025 Financial Planning Clients:How they will EARN & SAVE

• “Get a steady paycheck you can count on. Every week. With the job you already have.”

• Turns your hourly wage into a steady salary, for a service fee of $5/week

• Includes PayCheck Boost as well as budgeting tools for cashflow management and savings goals.

Signal of Change: Even

2025 Financial Planning ClientsHow they will SPEND & INVEST

Signal of Change: BetaBrand• What: a fashion company

that is structuring its interactions with buyers through a crowdfunding model

• So what: consumption is blending with investing in interesting ways. Expect to see people spending more of their discretionary funding on sites like this 14

2025 Financial Planning ClientsHow they will BORROW

Signal of Change: Pave

• What: a crowdfunded loaning platform, designed for the millennials who don’t want to step foot in a bank.

• So What: Combines algorithms with human analysis to deliver what amounts to contextual underwriting. Due to the regulatory environment, this is something that traditional banks aren’t set up to do.

Save the Date

• Friday, March 13: Hacking the Future of Financial Services: A Prototyping F2F Session in Minneapolis 3-5:30pm central, followed by happy hour

• Wednesday, May 27: #HackFinance4XY, a F2F event organized around FPA NorCal 5:30-6:30pm pacific (Likely Location: Nerd Wallet in SF)