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3 Behind-the-Scenes Areas That Impact RIA Operations

To deliver superior client experiences, RIAs need a seamless operation. While reporting is an important part of satisfying clients, other more labor-intensive functions are equally important for retaining clients and advisors. By outsourcing and automating these functions with technology, RIAs can relieve advisors of repetitive, non-value-adding tasks, so they can focus on keeping clients happy.

A Look at Billing and Payouts

To sustain a growth trajectory, RIAs need to pay advisors quickly and accurately regardless of payout complexity. Our clients rely on us to ensure that advisors are paid on time for what they earned, even if they’re using multiple rep codes, different payment timelines for branches, or charging subsidiaries for services.

Expanding the Service Offering by Providing Lines of Credit

Elk River Wealth Management is an independent investment management and financial planning firm with headquarters in Denver and offices in Phoenix and Omaha. To meet the goal of providing complete wealth management services, the firm’s principals decided to offer clients financing options in addition to investment management and financial planning.