For RIAs, it’s very important to manage your data flow

I know, “data flow” sounds a little pretentious, and what the heck does it mean?

The core of your business works between several key applications: a financial planning application, a portfolio management system, of course a CRM, and maybe one or two others. 

So what happens is client data needs to go from one thing to the next. For most advisors, this leads to multiple efforts to collect data from the client, and manual entry of data into each application, which can take hours for each one.

This is poor data flow.

Better would be a tool to collect data from your clients with the end in mind. The end being generating a financial plan, and a portfolio, and whatever else your practice requires.

This would be a major improvement in data flow, and a major improvement to your workflows and save you hours of time every week.