Josh here – Our friend Jamie Catherwood of O’Shaughnessy Asset Management came by The Compound to speak with Michael and I about the ancient relationship between financial advisors and FinTech. Advisors have been operating for thousands of years – Jamie unearthed some cuneiform tablets depicting the first attempt at modeling the income from a herd of cattle.
There are examples of financial advice being given in ancient Egypt through the present. As long as people have had money, they’ve had a need for someone to help them allocate some of it for the future.
FinTech has a parallel history that goes along with this story – as technology evolves, advisors make increasing use of it to deliver financial advice and other services. Jamie talks about the advent of the ticker a hundred and twenty years ago as being an important example of this phenomenon.
You can read his entire article on the relationship between financial advisors and FinTech throughout history, and see the artifacts themselves, right here!