When evaluating wealth management platforms that drive revenue, advisors need to consider a few important capabilities, including portfolio accounting, performance reporting, and additional tools that streamline workflows and automate advisor tasks.
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.
It's been quite a year! Thank you to all of our partners, clients, and friends who helped make 2022 a success!
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.
Advisors are obligated to put their clients’ interests first. They can best achieve this by operating within an open architecture rather than a closed one.
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.