Take the InvestmentNews second annual technology usage and satisfaction survey [darn it]

The survey will close on Tuesday.
JUL 27, 2012
Time is running out. It is Friday afternoon and 901 qualified advisers have taken our second annual technology survey. That is about the number that completed the survey last year but I would really like to see us significantly surpass that number. Doing so will give you and me both a better sense of how many advisers are using various technology products AND HOW SATISFIED YOU ARE WITH THEM. The more of you that take the survey the more accurate an assessment we have. {Here's the link: InvestmentNews technology usage and satisfaction survey.} I would really like to know if we have seen a significant change in the number of advisers using account aggregation (13.3% of you were using ByAllAccounts Inc. last year, another 12% of you were spread between three other vendors — but 65.4% of you were using nothing) in their practices and how many have adopted rebalancing applications (8.2% of you were using Tamarac's product last year, 70.7% of you were using no rebalancing system at all). Here are a few of the most popular products in three categories from last year (story continues after, along with one final plea).   

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.
We also have questions in there regarding tablet usage and a list of tablet applications to see how many of you are using those devices and software. Just about every adviser I speak with of late has an iPad but I bet a few of you also have Android-based devices, or a BlackBerry PlayBook or Kindle Fire (okay, okay the Kindle is running an Android-based operating system but it is locked down and does not really count as one — but I digress — again, I am unlikely to discover all you closet Android tablet users unless you take the suvey!). I am also wondering how many of you might have uprooted from your portfolio management system and are using one of the newer players on the market. The same goes for document management (if you have adopted one at all, 47.8% of you were using nothing last year). For those of you familiar with the names of the technology products and applications you use the survey will take just two to three minutes. Here's the link one more time: InvestmentNews technology usage and satisfaction survey. [email protected] on Twitter @ddjanowski Related stories: Adviser technology: Integration still elusive Advisers and technology: The most popular tech products

Latest News

Want to get the most out of alts? You’ll have to do your homework
Want to get the most out of alts? You’ll have to do your homework

Advisors who expect an edge from alternatives' illiquidity premium – without understanding the underlying terms and explaining them to clients – have a world of learning to do.

'Finfluencer' Ponzi scheme defrauds investors of over $20M
'Finfluencer' Ponzi scheme defrauds investors of over $20M

The social influencer Tyler Bossetti pleaded guilty to wire fraud and aiding in the filing of false tax documents as a result of the real estate scheme, which ran from 2019 to 2023 and used platforms including Facebook and YouTube.

US annuity sales see sixth straight $100B+ quarter
US annuity sales see sixth straight $100B+ quarter

The latest LIMRA data release shows continued growth in RILAs, variable annuities, and FRD products, though researchers argue more education is still needed.

RIA moves: Thiel's Indivisible welcomes Ride Wealth Partners, $4B Beacon snaps up Astor
RIA moves: Thiel's Indivisible welcomes Ride Wealth Partners, $4B Beacon snaps up Astor

Indivisible Partners builds on its strategy to take turf in the independent space with its latest move in Colorado.

Advisor moves: LPL adds $425M Evermark Investment Partners, $300M Merril Lynch group hops to Ameriprise
Advisor moves: LPL adds $425M Evermark Investment Partners, $300M Merril Lynch group hops to Ameriprise

LPL's latest addition, a San Diego team defecting from RBC, represents a milestone for the broker-dealer giant's Strategic Wealth model for wirehouse breakaways.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.

SPONSORED Beyond the dashboard: Making wealth tech human

How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave