White Papers

Digitalization is a broadly used term in the wealth management marketplace. For most RIAs, digitalization began with the move to Software-as-a-Service/cloud-based applications. This led to the development of first-generation client portals and digital applications as well as an effort to go paperless.

Over 3 decades, economic changes have reshaped the financial lives and dreams of young Americans, impacting Millennials the hardest. They have less wealth, less property, lower marriage rates & fewer children. The old rules for building wealth are becoming obsolete. Advisors should consider a new approach to landing younger generations.

With an increasing number of technology options promising to improve the way firms do business, Registered Investment Advisors (RIAs) face hard choices about how to differentiate top-tier technology solutions that will meet their needs. What features are critical in today’s financial marketplace? How can software enable advisors to spend less time in the back office and more time with clients?

Strong client engagement is at the heart of a healthy RIA business. Sustaining and improving this engagement is critical to a firm’s vitality and its bottom line, but building and nurturing solid client relationships is no small task. It requires communication, trust and the ability to provide added value to clients’ financial lives. Traditionally, client relationship building and interactions have involved in-person meetings, phone calls and mailed reports. Today, the wealth management industry is transforming.