Technology ℞: First know thy practice
Financial advisers who have found their groove and have a suite of applications that work well together generally couldn’t be happier.
Financial advisers who have found their groove and have a suite of applications that work well together generally couldn’t be happier.
Then there are those advisers who bought a program here or there and weren’t careful about whether the technology would communicate. They’re miserable because they have to hire consultants to make their applications talk to one another, or they have to replace something they have with something else.
We heard a lot of grumbling from attendees at the InvestmentNews Retirement Income Summit last month about how far they thought their technology providers have to go before they satisfy the needs of most advisers.
Still, the technology failures haven’t dissuaded some of the larger financial services companies that serve advisers. They continue to invest in their technology platforms, adding more features and upgrading existing platforms.
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