Third party custodians provide a critical back-office function for RIAs – and beyond the important job of safeguarding client assets, they have more sway over operations than one might initially expect.

Today’s technology-driven landscape makes it easier than ever for RIAs to embrace automation across their tech stack and supercharge their businesses. Advisors can save time and minimize errors by using trading and rebalancing tools, portfolio management and CRM systems to manage accounts. Automation in data analysis also frees up time to provide more personalized advice or pursue new business. During this episode, my guest will cover:

• How automation increases operational efficiencies for advisors and gives them a competitive edge;
• Why data aggregation and integrated reporting are critical to serving clients holistically;
• What advisors should focus on when evaluating tech stacks; and
• How to know whether it’s time for a tech change.

Despite what headlines say, expensive M&A isn’t the only way to grow a firm.