Lack of technology available when it comes to 'slow money'

‘We need to bring fast money concepts into the slow money side’

Isabel Baxter
clock • 2 min read

There is a lack of technology available when it comes to ‘slow money’, according to Wealthstak chief executive Vincent Heys.

Speaking on a recent NextGen Planners podcast, Heys explained that there has been big technological advancements when it comes to ‘fast money'. He referred to fast money such as mortgages, banks, and credit cards etc.   ‘Slow money' includes investments, insurance, and retirement planning. "There is a different between fast and slow money." The main difference between fast and slow money is the complexity to engagement ratio, Heys said. The complexity of fast money is 20% and engagement is 80%, whereas slow money is more complex and has engagement of only 25%, he explained. "...

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