Are you stuck in a technology rut?

Taking a hard look at the age-old rule we seem to live by: If it ain't broke, don't fix it.
MAY 28, 2014
If you're like me, you get used to whatever software and hardware you have and can't imagine ever changing. If it's not broken, why fix it? Consider my last laptop. After four years, it wasn't the most up-to-date. It didn't have the magic fingerprint lock and took a long time to boot up. But it worked. The thought of transferring all my programs and files was just too much for me. That is, until the keyboard began separating from the base and I couldn't get it to open files. So I bit the bullet and … My new laptop is great! It has all the new bells and whistles; it's quick and it has the cool fingerprint thing! (More: Computers and complexity) As far as software goes, I've been using PortfolioCenter for more than a decade. It works well, providing accurate accounting and easy reporting. Since we've been using it so long, moving the data to another program would not be fun. Still, we just made the decision to switch to Orion. Why? We want the cloud, not a server-based program. We like the integration with MoneyGuidePro and the video client reporting. And we like the full-service approach offered by Orion. We were motivated to overcome our inertia because technology had advanced in a huge way. (See also: Technology: Bundled, best of breed, or both?) Pondering the “if it isn't broken” rule, I'm questioning my ways. Should I really avoid change unless I'm forced to by a device breakdown or obsolete technology? If I truly want to be top in my field and do the best for my clients, I must seek out and embrace new and better technology even when my complacent self is telling me “Don't worry about it.” Sheryl Rowling is chief executive of Total Rebalance Expert and principal at Rowling & Associates. She considers herself a non-techie user of technology.

Latest News

Veterans lead civilians on financial confidence, Wells Fargo survey finds
Veterans lead civilians on financial confidence, Wells Fargo survey finds

New data shows veterans report stronger financial security, legacy confidence and career earnings momentum than non-veterans.

CW Advisors adds $1.6B with triple acquisition push into Texas and beyond
CW Advisors adds $1.6B with triple acquisition push into Texas and beyond

Osaic subsidiary continues to forge new routes to US high-net-worth and ultra-high-net-worth people.

Client 360 is table stakes - wealth platforms must now deliver client intelligence
Client 360 is table stakes - wealth platforms must now deliver client intelligence

Capco's Matt Berkowitz tells InvestmentNews that aggregating client data is no longer enough.

Why inheritance should be treated as an allocation decision
Why inheritance should be treated as an allocation decision

The capital most families plan to pass on will likely arrive too late to change anything.

Mercer Advisors, Osaic deepen AI bets with Arch and Nitrogen deals
Mercer Advisors, Osaic deepen AI bets with Arch and Nitrogen deals

Arch claims 40% operating cost savings for Mercer as Nitrogen unlocks its agentic AI and tech suite to 10,000 Osaic advisors

SPONSORED Built on insurance experience to deliver on long-term promises

Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.

SPONSORED In the Age of AI, Trust Becomes the Advisor's Greatest Asset

As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor