This was Dara Albright's opening presentation delivered at the FinTech Revolution cocktail event in New York City on November 15, 2016 illustrating how FinTech is on the verge of dislocating the $14T retail retirement market.

1. The Trillion Dollar FinTech Disruption
New York City
November 15, 2016

2. © 2016 Dara Albright Media, All Rights Reserved
@ToTheStoics
@DaraAlbrightMedia
www.Linkedin.com/in/DaraAlbright
Speaker, writer and influencer on topics
relating to Market Structure, New Issues,
Fintech, P2P and Crowdfinance.
About Dara Albright
DaraAlbrightMedia.com

3. © 2016 Dara Albright Media, All Rights Reserved
“Our mission at FinTechREVOLUTION.tv is to produce innovative and entertaining financial content that makes
personal finance and retirement planning not only easy to comprehend, but alluring to the average consumer.
Only by truly engaging the populous can we even begin to narrow national wealth gap and thwart a looming
retirement crisis.”

4. © 2016 Dara Albright Media, All Rights Reserved
Investors
28%
Financial
Services
Providers
32%
FinTech
Providers
16%
Platforms/Robo
17%
Media
7%
Retail
35%
Angel / VC
45%
Institutional
20%
Investment
Bankers
52%
RIAs / FAs
23%
CPAs
11%
Analysts /
Economists
14%
Who’s With Us Tonight

5. “We are in the midst a worldwide FinTech
revolution that is changing the way we
invest, raise capital, borrow, lend, pay for
goods and services and save for retirement.
It is reinventing currency, democratizing the
flow of capital and giving rise to an entirely
new generation of tech-centric financial
leaders”

6. And it is about to displace the $14
Trillion Retail Retirement Market

7. © 2016 Dara Albright Media, All Rights Reserved
The Mutual Fund + Retail Retirement
Accounts = A true Love Story
In 1980, the mutual fund industry was
valued at $135B and comprised of just
564 funds
The Strapping Mutual Fund The Shy & Reserved Retirement Account
In 1980, the retail retirement account
industry was in its infancy. The
combined IRA and 401(k) industry was
valued at just $25B

8. © 2016 Dara Albright Media, All Rights Reserved
President Reagan signs the Economic Recovery Tax Act
on his California Ranch on August 13, 1981
The
Matchmaker

9. © 2016 Dara Albright Media, All Rights Reserved
In 1981, the 401(k) was born out of a tax loophole and the IRA
was essentially made UNIVERSAL by raising the tax-deductible
contribution to $2,000 for all working taxpayers - regardless of
whether or not they had an employer sponsored plan.
The retail retirement vehicle suddenly becomes VERY
attractive to the mutual fund industry

10. © 2016 Dara Albright Media, All Rights Reserved
Next thing we know, the mutual fund &
combined retail retirement industries
got married and together ballooned
into multi-trillion dollar markets

11. © 2016 Dara Albright Media, All Rights Reserved
$241B
$636B
$1.3T
$2.6T
$3.7T
$4.8T
$7.3T
$385B $900B
$1.7T
$2.4T
$3.1T
$4.7T
$448M $2.5B $17B $47.6B $134.8B
$495.4B
$1.1T
$2.8T
$6.9T
$8.9T
$11.8T
$15.6T
0
2
4
6
8
10
12
14
16
18
1940 1950 1960 1970 1980 1990 2000 2010 2020
Trillions
IRA Assets 401k Assets Mutual Fund Assets
1
9
8
1
Today the mutual fund industry is valued at over $15 trillion and is comprised of over 9,500 funds. The
combined retail retirement market is valued at approximately $14 trillion.
© 2016 Dara Albright MediaSources: Investment Company Institute, Cerulli Associates, US Dept of Labor, IRS Statistics of Income, Federal Reserve Board

12. © 2016 Dara Albright Media, All Rights Reserved
This legislative change dislocated America's entire
retirement infrastructure and simultaneously created
the most remarkable asset distribution channel in the
history of finance…
until now

13. © 2016 Dara Albright Media, All Rights Reserved
Like the 1980s, we are once again witnessing significant legislative
changes, technological advancements and ideological investing shifts –
all in unison
The 1980s
• The PC revolution was in its infancy
• Discount brokerages were on the
rise and beginning to invest heavily
into technology to make retail
investing cheaper & easier
• Asset Shift – capital moving into
funds, especially bond funds
• Mutual Funds were the only
diversification game in town for
retail investors
TODAY
• The app revolution is in its infancy
• Marketplace Finance & Digital Apps
are proliferating – making
alternative micro-investing
cheaper, simpler & more accessible
• Asset Shift - capital shifting from
mutual funds & ETFs to alternatives
• Micro-investing Technologies is
establishing more proficient
diversification strategies for retail

14. © 2016 Dara Albright Media, All Rights Reserved
But this time with the marriage between a new generation of “non-exchange
traded alternative mutual funds” and “modernized hi-tech retirement vehicles”
HISTORY IS REPEATING
Non-Exchange Traded Alternatives:
• P2P Notes
• P2B Products
• P2RE Products
• New Crowdfinanced Offerings
Modernized “Hi-Tech”
Self-Directed IRA

15. © 2016 Dara Albright Media, All Rights Reserved
The Financial Services Industry is in the Early
Stages of its Greatest Transformation Yet
• It is being driven by:
• Quest for yield
• A legislative movement to broaden access to alternative products
• Advancements in FinTech, particularly in micro-investing
technologies and tools
• Changing investor sentiment (fueled by a growing disdain for
conventional assets, traditional investing and essentially, “the
system”)
#RETAILISRISING

16. © 2016 Dara Albright Media, All Rights Reserved
For years, the smart money has been flocking to
alternatives

17. © 2016 Dara Albright Media, All Rights Reserved
This is Where the Yield Lives!

18. © 2016 Dara Albright Media, All Rights Reserved
The Rules Are Changing Again

19. © 2016 Dara Albright Media, All Rights Reserved
A New Universe of Alternative Investment
Products for the Masses

20. © 2016 Dara Albright Media, All Rights Reserved
Despite the growing demand for alternative
assets, the vast majority of retirement assets
remain disturbingly under-diversified in traditional
IRAs and in employer-sponsored defined-
contribution plans.

21. © 2016 Dara Albright Media, All Rights Reserved
THE CHALLENGE & THE OPPORTUNITY
• Retail investors don’t typically invest with cash they have lying around in
checking and savings account. Instead, they invest with retirement dollars.
• A self-directed IRA is needed to invest in alternatives. The self-directed IRA
infrastructure was not built to handle a large volume of actively-traded
traditional assets.
• You can’t use 1970s technology to distribute and custody assets that are
being created and accessed with 2016 technology
• If technology is making new asset classes accessible, diversifiable &
affordable, then it is technology that must be used to custody them.

22. © 2016 Dara Albright Media, All Rights Reserved
A NEW GENERATION OF INVESTMENT &
RETIREMENT PRODUCTS ARE EMERGING

23. © 2016 Dara Albright Media, All Rights Reserved
NEW FINANCIAL LEADERS HAVE EMERGED
More attractive fixed-income alternative products are garnering to mainstream
attention
“FinTech will enable all segments of society around
the world to get all forms of services without
discrimination.” – Ron Suber
Ron Suber,
President
Prosper

24. © 2016 Dara Albright Media, All Rights Reserved
LEGISLATION IS BEING USED TO ENGINEER NEW
ALTERNATIVE INVESTMENT PRODUCTS FOR THE MASSES
“With new crowdfinance legislation and cutting-
edge micro-investing technology, the entire
alternative asset universe now has an
unprecedented opportunity to penetrate the $14T
retail retirement market.”
Brian Korn,
Head of Digital Finance Practice
Manatt, Phelps & Phillips, LLP

25. © 2016 Dara Albright Media, All Rights Reserved
“The StreetShares community brings together business
owners in search of funding (particularly veteran
owned businesses) and investors looking for both
financial and social returns. In the end, business owners
get the best deal possible, and investors earn a solid
return while supporting American small business -
everybody wins.”
Mark Rockefeller,
Chief Executive Officer
StreetShares
A NEW RETAIL ALTERNATIVE PRODUCT UNIVERSE IS
DEVELOPING
Attractive & meaningful fixed-income alternative products are emerging

26. © 2016 Dara Albright Media, All Rights Reserved
NEW PROFIT PARTICIPATION MODELS ARE
DEVELOPING
“Crowdfinance is finally making fan-based
entertainment financing a realty and providing an
opportunity for fans as well cast & crew to
participate in production revenues.”
Gene Massey,
Founder
MediaShares

27. © 2016 Dara Albright Media, All Rights Reserved
THE MASSES ARE GETTING EDUCATED
James A. Jones,
President
IRAeXchange

28. © 2016 Dara Albright Media, All Rights Reserved
THE MODERN SELF-DIRECTED IRA HAS ARRIVED
Retirement vehicles more conducive to today’s investing market are being introduced
ISCP technology is changing the game by
making it simple and affordable for retail
investors to use their retirement dollars to
micro-invest across platforms and asset
classes.
Todd Yancey,
Chief Strategy Officer
Investor Services

29. © 2016 Dara Albright Media, All Rights Reserved
-
1
2
3
4
5
6
7
8
9
1995 2000 2005 2010 2015 2020 2025 2030 2035 2040 2045 2050
Trillions
SDIRA Assets P2P Assets
This is the first time since 1981 that an emerging asset class has
been able to “marry” a retirement vehicle and tap into the retail
retirement market
Will the marriage between P2P and the “modern” self-directed IRA balloon in
multi-trillion markets?

30. © 2016 Dara Albright Media, All Rights Reserved
@ToTheStoics
@DaraAlbrightMedia
www.Linkedin.com/in/DaraAlbright
Speaker, writer and influencer on topics
relating to Market Structure, New Issues,
Fintech, P2P and Crowdfinance.
About Dara Albright
Thank you!
Let’s connect:
DaraAlbrightMedia.com