Helping clients pursue their financial goals may be the most rewarding aspect of being a registered investment advisor. Your clients count on you to understand their priorities and to be ready to answer questions and respond to concerns that come up along the way.
At the same time, overseeing your practice requires hours of back-office and administrative effort—handling everything from trade reconciliation to making sure your team is operating as efficiently as possible. In today’s complex, rapidly changing world, staying on top of all of that is a tall order.
With financial professionals under increasingly greater time pressure today, your best bet for consistently delivering the level of service clients expect is to find a provider that can give you the support you need to meet clients’ demands — to make you an even more essential piece of their financial picture.
To help you evaluate a strategic provider for your business, here are some important perspectives and questions to ask.
There are times when even the best technology pales in comparison to help from a real person. Make sure your provider offers personalized service built especially for RIAs and their clients. The knowledge that you’ll be able to quickly get through to someone equipped with the expertise you need will bring peace of mind, in addition to the answers you’re looking for when you need them.
If you’re like most RIAs, you’d prefer to spend your time meeting with clients, talking about their lives and what they want from their money. You also know that to run your business effectively, you cannot afford to waste valuable time worrying whether inefficient or mishandled operational tasks are holding you back — or worse, making you look bad in front of clients.
The right provider can streamline workflows and remove administrative burdens from your shoulders, making it possible for you to do more of what you do best: focusing on clients.
Wrapped up as you are in your daily responsibilities, it can be a challenge to achieve the scale and efficiency you need to build the business you envision. To find strategic ways of improving efficiencies — refining your operating model to focus more time and attention on growth goals, for instance — it helps to have a team of experienced consultants who understand the challenges you encounter every day.
Once you decide to make a change by moving to a new platform provider, you’ll want to minimize disruption to your clients and your business. Your chosen provider should offer clear, hands-on support to smooth the process of getting up and running. This includes the transparent communications you need to manage the expectations of your clients, as well as your own team.
Ready to get the attentive service and support you need? AssetMark Institutional would like to get to know you. Schedule your consultation.
AssetMark is a leading provider of extensive wealth management and technology solutions that help financial advisors meet the ever-changing needs of their clients and businesses.
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AssetMark, Inc. ("AssetMark") is a leading provider of extensive wealth management and technology solutions that help financial advisors meet the ever-changing needs of their clients and businesses. The information on this website is for informational purposes only and is intended as an overview of the services offered to financial advisors, not a solicitation for investment. Information has been drawn from sources believed to be reliable, but its accuracy is not guaranteed and is subject to change.
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