This $120 investment could make a huge difference for a financial adviser's practice

Morningstar's Sheryl Rowling is amazed at how quickly her computer now boots up and programs open up instantly.
JUN 01, 2016
My IT guy, Adi, kept nagging me to upgrade our office computers. He said it would be a minor, inexpensive change that would provide notably faster operations. He pleaded with me to at least try it on my computer and laptop. I wasn't convinced. My computer and laptop worked fine. Why fix what wasn't broken? When he told me it would only cost $120 each, I relented. What was the big change? He switched out the spinning hard drives to solid-state drives (SSDs). According to Adi, "Spinning hard drives are a bottleneck with today's processor and memory speeds. These old-school drives cannot keep up with the speed of other components in modern PCs, thus slowing everything down." Once changed out, he promised the result would be a highly noticeable performance enhancement. So, I tried it. Although I had thought my computer was fast enough before, I was amazed at how much more quickly it booted up with the SSD. Equally incredible was the increased speed in opening up programs. I had no idea what I was missing. Why aren't we hearing more about SSDs? There are a few possible reasons: expense, offerings and supply. • SSDs cost about four times the amount of hard drives with the same capacity. However, that shouldn't be a big deal. Because we save most of our work to the cloud or a server, capacity is not an issue on local machines. • New computers are still being sold with spinning hard drives. If SSDs are offered as an option, they are typically overpriced. Thus, you are better off buying SSDs separately. • It is also possible that the major hardware players have big inventories of the old hard drives. Once SSDs become standard, demand for spinning drives will likely drop completely. Although I use a lot of technology, I don't know much about the components and inner workings of computers. As a user, though, I can tell you that my $120 investment has made a huge difference. I no longer sigh and roll my eyes while a program takes forever to open. When I run into the office one minute before a client meeting, my computer is up and ready before they walk in. Ask your IT person about SSDs. You'll thank me later. Sheryl Rowling is head of rebalancing solutions at Morningstar Inc. and principal at Rowling & Associates. She considers herself a non-techie user of technology.

Latest News

Northern Trust bulks up family office team with New York hires
Northern Trust bulks up family office team with New York hires

Bessemer and Brown Brothers Harriman veteran Robert Ludricks III and private markets specialist Olof Akesson join the ultra-high-net-worth push on the East Coast.

AI tax breaks draw Warren probe of Meta, Google, Amazon, Microsoft
AI tax breaks draw Warren probe of Meta, Google, Amazon, Microsoft

Senate Democrats seek data on data center deductions under the 2025 tax law as proposals to tax artificial intelligence multiply.

RIA M&A slowdown threatens record streak, DeVoe says
RIA M&A slowdown threatens record streak, DeVoe says

Geopolitical shocks and market volatility pushed advisor deal decisions off course, denting third-quarter transaction volume by 19 percent.

Why serving women became our wealth management growth strategy
Why serving women became our wealth management growth strategy

Hendershott Wealth Management's Hilary Hendershott on turning a niche for women into an operating strategy, not a marketing pitch.

Advisor moves: Raymond James lands $1.25B team as Merrill loses two
Advisor moves: Raymond James lands $1.25B team as Merrill loses two

Iowa's Greenwood Wealth Partners exits D.M. Kelly as UBS and Ameriprise win Merrill Lynch recruits in California and Florida

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

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains