by Matt Sonnen | Apr 4, 2025 | COO Best Practices, Operations and Technology
If you’ve spent any time reading industry headlines lately, you undoubtedly have come across titles like, “AI: Embracing the New Frontier in Your Practice,” and “AI in Wealth Management Accelerates.” And if you have recently attended any industry conferences, you...
by Matt Sonnen | Aug 15, 2024 | M&A, Operations and Technology
The registered investment advisor industry continues to report declining organic growth numbers, with many firms struggling to see gains above that of the stock market. With the allure of an infusion of capital from private equity investors dancing in RIA...
by Matt Sonnen | Jul 17, 2024 | COO Best Practices, Operations and Technology
Having left large bureaucratic institutions that “manage to the lowest common denominator,” many RIA owners are reluctant to institute systems and processes because they feel by doing so, they will limit the “uniqueness” they have worked so hard to create by setting...
by Matt Sonnen | Jun 11, 2024 | Operations and Technology
Various industry surveys over the years have indicated that the larger an RIA gets, the more likely they are to leverage the services of more than one custodian. Over my 27 years in wealth management, I can confirm that the conventional wisdom has been, regardless of...
by Matt Sonnen | May 1, 2024 | Operations and Technology
Advisors tout the need to regularly review a client’s financial plan to ensure the portfolio is tracking in the right direction, to confirm the client’s goals have not changed, and to see if adjustments are needed for the rate of spending, saving or investing. ...
by Matt Sonnen | Feb 16, 2024 | Operations and Technology
The goal of every RIA operations professional is to add efficiency and scalability to their organization. Said differently, we want to find a way to serve more and more clients without our level of service dropping. The 201st largest client of the firm should feel...
