A Financial Advisor’s Guide to Document Management
April 14th, 2009 Comment on this articleFindings conclude that independent investment advisors are quickly becoming the dominant form of advice delivery in the U.S., with more than $2.1 trillion in assets. However, most advisors don’t realize that document management can help expedite workflow, improve audit, security, and compliance requirements, save money and even help reduce their carbon footprint.
We’ve found that firms can achieve a 9% reduction in overhead cost through document management technology, yet recent industry studies report less than 20% actually have a system.
“Getting Started with Document Management Technology: A Guide for Advisors,” our new financial focus white paper, provides insight and analysis on ways advisors can immediately implement technology to solve their business profitability and growth issues, including:
- Solutions are more affordable than most advisors think due to recent enhancements in technology.
- Advisors don’t have to be experts—they can rely on local community based solution providers to make training and implementation easy.
- There are simple solutions for advisors who are storing documents in a non-compliant manner.
- The longer advisors wait to begin with document management technology, the bigger the operational challenge becomes.
If you’re looking for a way to shine the light to colleagues, encourage them to read this informative new white paper. Visit our RIA landing page to download your copy today.