The Pros and Cons of Financial Technology (Ep. 22)

With the advancement of technology, many of the tasks that were once complicated can now be simplified. However, when it comes to looking after our finances, technology can sometimes do more harm than good.

Therefore, it is essential to carefully choose the right tools to aid us and avoid those that might sidetrack us.

In this episode, Pete Gutekunst lists the pros and cons of using financial technology tools for managing our finances. Pete emphasizes the importance of human interaction in financial planning and investing while shedding light on some online resources you can consider if you’re looking to explore different ways to track your finances.


Pete discusses:

  • The good and not-so-good sides of technology
  • Some online tools beginners can use to get started in investing and the “shiny objects” they offer to keep us attached to them
  • The importance of human interaction when it comes to our financial plans or investments
  • From our spending habits to reviewing our credit score: Some handy tracking resources
  • The value of knowing our lifestyle costs
  • The importance of having a conversation about our finances and seeking help to stay focused on what really matters
  • And more!




Connect with Pete Gutekunst:  



Links are being provided for information purposes only. Raymond James is not affiliated with and does not endorse, authorize or sponsor any of the listed websites or their respective sponsors. Raymond James is not responsible for the content of any website or the collection or use of information regarding any website’s users and/or members.

The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete, it is not a statement of all available data necessary for making an investment decision, and it does not constitute a recommendation. Any opinions are those of Gute Financial Services and Peter Gutekunst and not necessarily those of Raymond James.

Keep in mind that individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Individual investor’s results will vary. Rebalancing a non-retirement account could be a taxable event that may increase your tax liability. There is no assurance that any strategy will ultimately be successful or profitable nor protect against a loss. The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S. stock market. Neither Raymond James Financial Services nor any Raymond James Financial Advisor renders advice on tax issues, these matters should be discussed with the appropriate professional.