There are tens of thousands of financial advisors, and everyone thinks they know how to manage their money the best. This is not the case!Today, Advisors have to compete with so many advisors and the margins are getting thinner and thinner.
The true ally that an Advisor has is clearly taking advantage of technology and doing more with less. For example, if an advisor has to spend 2 hours fact finding with clients then that’s 2 hours less working on sales.
Now, with technology and say an online portal, an advisor can ask potentials and/or clients to go to this portal and answer the questions in advance.
Saving 2 hours of time + 1 staff data entry employee.
Using technology to help better service internal operations and provide the real time data clients are demanding today is therefore an important step to stay ahead in this very competitive field.
Maurice Berdugo – CEO BP Analytics