The technology advisors use to manage client accounts–whether it’s a CRM, risk tolerance, or portfolio management tool—is the heart of an advisory firm. But if it’s not working for everybody, or if you encounter some of these common problems, you might need an upgrade.
What are the signs your tech could use a reboot, and what kind of solutions should you look for when vetting new technology? We’ve outlined the solutions to your tech woes.
What’s something that all high-functioning, cooperative, and streamlined teams have in common?
A) A mutual agreement to “stay out of the way.”
B) A shared hatred of microwaved fish, elevator music, and office parties?
C) A tech stack that is intuitive and customizable, built with a collaborative environment in mind, and designed to accommodate a variety of reporting tasks with ease.
If you chose A, you should schedule a team-building retreat pronto, but if you chose C, you would be 100% correct!
When it comes to an advisory firm’s tech stack, it should centralize the book of business so that important information is accessible, secure, and serving clients more efficiently. If your software falls short, look for these key features:
– Intuitive technology that is easy to use and easy to understand.
– Has value to every member of the firm.
– Great design that communicates complex data visually.
– Meets your needs for price, features, and benefits.
The technology advisors use to manage client accounts – whether it’s a CRM, risk tolerance, and/ or portfolio management tool – is the heart of an advisory firm, and if it’s not up to snuff the entire team is affected. What are the signs your tech could use a reboot, and what kind of solutions should you look for when vetting new technology? Consider the issues outlined in the below PDF when selecting the software for your tech stack.
At Riskalyze, we believe that great technology should fade into the background and let your work as an advisory practice shine.Want to build your own tech stack? We’ve got your firm covered from front office to corner office. We’ll walk you through everything you need to know. Click here to get started.