Advisers and technology: The most popular tech products

Rankings of the most frequently used software and technology products, according to an InvestmentNews survey

Aug 21, 2011 @ 12:01 am

  

Top 5 CRM products used

Rank CRM product Usage
1 Junxure (CRM Software Inc.) 21.2%
2 Redtail Technology 18.1%
3 Salesforce.com 7.5%
4 Microsoft Dynamics CRM (Microsoft Corp.) 3.8%
5 ProTracker 3.3%
  *None 15.4%
Based on 897 responses to this question. 3.5% of respondents wrote in Microsoft Outlook. However, it is not a CRM product.

Top 5 financial applications used

Rank Financial application Usage
1 MoneyGuidePro (PIE Technologies Inc.) 26.5%
2 Money Tree (MoneyTree Software Inc.) 26.0%
3 eMoney360 (eMoney Advisor) 9.0%
4 Advisor Workstation (Morningstar Inc.) 8.1%
5 NaviPlan (Emerging Information Systems Inc.) 7.5%
  *None 14.8%
Based on 877 responses to this question.

Top 5 portfolio management products used

Rank Portfolio management product Usage
1 Portfolio Center (Schwab Performance Technologies) 21.1%
2 Albridge Solutions 14.9%
3 Advisor Workstation (Morningstar Inc.) 11.8%
4 Advent Axys (Advent Software Inc.) 7.3%
5 Principia CAMS (Morningstar Inc.) 6.4%
  *None 20.0%
Based on 874 responses to this question.

Top 5 portfolio re-balancing software used

Rank Portfolio re-balancing software Usage
1 Tamarac Inc. 8.2%
2 ASI (Advisor Software Inc.) 3.4%
3 Adviser created 3.4%
4 iRebal (ThinkTech Inc., an affiliate of TD Ameritrade Inc.) 3.1%
5 Fidelity Wealth Central 1.3%
  Rebalance Express (RedBlack Software LLC) 1.3%
  *None 70.7%
Based on 870 responses to this question.

Top 5 document management applications used

Rank Document management application
1 Redtail Technology Inc. 8.3%
2 PaperportOmnipage (Nuance Inc.) 7.2%
3 Microsoft Office Document Imaging in combination with Microsoft Office SharePoint Server (Microsoft Corp.) 6.1%
4 Worldox (World Software Corp.) 5.2%
5 Docupace Technologies 3.5%
  *None 47.8%
Based on 859 responses to this question.

Top 3 compliance technologies used

Rank Compliance technology Usage
1 ComplianceMAX (National Regulatory Services) 7.2%
2 ProTracker Software Inc. 3.1%
3 Protegent Surveillance (SunGard Data Systems Inc.) 2.9%
  *None 69.0%
Based on 848 responses to this question.

Top 3 account aggregation products used

Rank Account aggregation product Usage
1 ByAllAccounts Inc. 13.3%
2 AllData Advisor (CashEdge Inc.) 5.7%
3 Advent Custodial Data (Advent Software Inc.) 3.2%
3 Albridge 3.2%
  *None 65.4%
Based on 845 responses to this question.
In July, InvestmentNews surveyed financial planners, RIAs and broker-dealers on technology vendor usage and satisfaction. More than 900 responses were received. For additional information, contact Denise Southwood at 212-210-0735 / dsouthwood@investmentnews.com or Michelisa Lanche at 212-210-0484 / mlanche@investmentnews.com. Source: InvestmentNews

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