Many big firms are utilizing the best technology to lure advisors to come on board. One of the main concerns of advisors looking to breakaway is whether or not they will have the availability to properly service their customers with the most advanced software. It puts advisors at ease knowing that their platforms will run smoothly.
If you are an RIA firm looking for breakaway advisors, make sure you have a client relationship management (CRM) software program that functions properly with financial reporting and portfolio management systems. An advisor who breaks away from a wirehouse is used to the best technology and will look for an RIA firm that offers something comparable.
There are so many different software products and trading platforms necessary to run a successful business. Make sure all of the software programs you offer integrate together. New integration products are being designed to help your firm run as smoothly as possible.