When outdated systems slow your team and leave no time for growth, it’s time to integrate tech. The right tools can open doors to efficiency, collaboration, and opportunities that once seemed out of reach.
PROBLEM TO SOLVE:
- No time to network for more business
- Unable to attract an advisor to join firm, due to lack of processes and integration of tech
- Staff overloaded with work
SOLUTIONS RECOMMENDED & IMPLEMENTED by COO
We focused on strategies to integrate tech, streamline systems, and build a foundation for sustainable growth.
- CRM: Junxure to Redtail CRM
- DOC MGMT: migrated from server to Net Documents and integrated with Redtail
- PORT MGMT: implemented Portfolio Center and All Back Office with Reportal for Advisor Portfolio and integrated with Redtail
- EMAIL: moved from Live Office to Microsoft Exchange
- FINANCIAL PLANNING: implemented Money Guide Pro and integrated with Redtail
- HARDWARE: installed dual monitors, Adobe systems with password protection, Twain scanners, new internet carrier and eliminated server
- STAFF: hired a planner and marketing/administrative assistant.
- OUTSOURCED: compliance, website, and portfolio accounting/reporting/billing
- PROCESSES: Lead to Prospect, Prospect to Client, New Client On Boarding, Annual Client Review, Annual Compliance, Financial Plan Prep, and Investment Reporting.
SUCCESS!
WITHIN THE YEAR:
- AUM growth from $74 million to $101 million
- Attracted 2 full time, highly qualified staff
- Owner gained time and energy to service clients, manage the business & network for new business
