by Matt Sonnen | Aug 8, 2023 | COO Best Practices, Operations and Technology
Many RIAs look to tackle operational projects during the summer months, when inbound client requests inevitably slow down due to travel plans and family vacations. With one more month left in the summer season, now is the perfect time to audit your firm’s...
by WealthManagement.com | Apr 11, 2023 | COO Best Practices
Focus on the tasks you love while giving your staff responsibility and more autonomy. Michael Kitces has declared the “unhappiest successful advisors” to be those that fall into a category he has termed “accidental business owners.” As he describes on his blog, “The...
by Matt Sonnen | Mar 21, 2023 | COO Best Practices
In late 2021 we urged RIA owners to, “Wake Up and Smell the Talent Shortage.” At the time we wrote, “Many RIA owners have their heads in the sand and don’t believe they need to court employees with the same passion and enthusiasm they court potential clients or...
by Matt Sonnen | Feb 28, 2023 | COO Best Practices, Operations and Technology
Members of The COO Society often hear me say, “Choosing technology tools for your RIA is relatively easy (there aren’t that many technology tools to choose from!) but building processes around those tech tools is the hard part!” But that’s not to say that plenty...
by Matt Sonnen | Feb 8, 2023 | COO Best Practices, Operations and Technology
Regardless of the nature of the task you are looking to outsource, there will always be components that will remain the responsibility of your internal team. As the RIA industry continues to grow and win market share from the traditional banks and wirehouses, RIA...
by Matt Sonnen | Jan 24, 2023 | COO Best Practices
Recent research by Axos Advisor Services supported the importance of Operations professionals at RIAs by declaring that “71% of elite RIAs hire professionals to focus on operational issues, compared with 41% of other firms.” The report continued, “As the [RIA] grows...
