by Matt Sonnen | Dec 19, 2019 | Operations and Technology, White Papers
PFI Advisors continues to tout the benefits of professional management for RIAs. As Rich Gill of Wealth Partners Capital Group recently stated on the Mindy Diamond on Independence podcast, the first two non-client facing executive-level hires for RIAs are...
by Matt Sonnen | Oct 18, 2019 | COO Best Practices, Operations and Technology
Technology isn’t developed to replace human interaction, but rather to enhance it. At the Envestnet conference this past May, the late Jud Bergman was asked about his thoughts around technology’s place in our industry. He astutely concluded, “It’s...
by Anna Maria Garcia | Oct 1, 2019 | COO Best Practices, Operations and Technology
The Fear of Change: A 3-Part Series for RIAs As the RIA industry matures, consolidates, grows, and evolves, many of our clients contemplate M&A transactions, changing their technologies or workflows, or they may strive to break away from their current employer to...
by Matt Sonnen | Aug 28, 2019 | COO Best Practices, Operations and Technology
The objection we hear most often from prospective clients (delivered in a sarcastic tone) is, “I don’t want to hire an operations and technology consultant. Not only do I have to pay your fee, but you are going to tell me I can’t continue to do business unless I...
by Matt Sonnen | Aug 21, 2019 | COO Best Practices, Operations and Technology
In our work with new and established RIAs looking to build and/or improve their technology stack, we encounter many frustrated advisors who lament, “We were told that the benefit of being an RIA was that all of our technology systems would be integratable with one...
by Anna Maria Garcia | Jul 23, 2019 | COO Best Practices, Operations and Technology
In our work with large RIAs looking to increase their scale and efficiency, we often begin with a review of their various systems, people, and processes. We walk through a comprehensive list of their executives, advisors, and employees to better understand the...
