Top RIA solutions for secure file sharing: A detailed comparison
As a registered investment advisor (RIA) or financial advisor, you have a responsibility to securely handle and protect your clients’ sensitive financial information. This involves implementing effective solutions for file sharing, as your clients will need to send and receive important documents over the course of your relationship. Traditional methods of exchanging files — such […]
What is the best document management system for RIAs and financial advisors?
Running a small to mid-sized registered investment advisory (RIA) firm can feel like a constant battle against paperwork. Client files, account statements, regulatory documents — the list seems never-ending. Picture spending hours searching for a specific document, only to realize it was misfiled or lost in the chaos of your physical filing system. Thankfully, document […]
Discover the best CRM software for RIAs and financial advisors in 2024
Running a registered investment advisory (RIA) or financial advisory firm is no simple task. From managing client relationships and overseeing investments to balancing compliance and ensuring seamless operations, there’s a lot on your plate. This is where customer relationship management (CRM) solutions prove invaluable, helping you streamline processes and stay organized while providing top-notch service […]
FINRA Tools Spotlight: Core Cybersecurity Threats and Effective Controls for Small Firms
This FINRA tool highlights some of the most common cybersecurity threats that RIAs should be on top of. FINRA explains how cybercriminals use these tactics to target the financial services industry specifically and questions you should ask to know if you’re doing enough to protect your firm and customers. Specifically, FINRA highlights the following threats: […]
Who are the best companies providing IT services, cybersecurity, and IT compliance for RIAs?
Choosing the right IT partner is an essential decision for any registered investment advisor (RIA) or financial advisor. RIA and financial advisory firms require robust IT services, top-notch cybersecurity, and stringent IT compliance to ensure the safety and security of their clients’ sensitive data. With the increasing number of cyberthreats and regulations, it’s imperative to […]
Common IT mistakes new RIAs and financial advisor firms make and how to avoid them
Starting a new registered investment advisor (RIA) or financial advisor firm is an exciting venture. As you focus on building client relationships and managing portfolios, it’s easy to overlook the critical role that a robust IT foundation plays in your success. In this guide, we’ll discuss some of the most common IT mistakes that new […]
How MSPs simplify IT vendor management for RIAs and financial advisors
For modern registered investment advisors (RIAs) and financial advisors, technology is no longer a back-office afterthought — it’s the backbone of their operations. From managing client data and portfolios to facilitating online transactions, technology plays a critical role in keeping RIAs and financial advisors competitive and compliant. But as firms increasingly rely on technology, they […]
In-house IT vs. managed IT services? A cost analysis for RIA and financial advisory firms
Imagine this: you’re presenting a client proposal, and suddenly, your entire network crashes. Data disappears, clients panic, and your reputation crumbles. Sound like a nightmare? Unfortunately, for many registered investment advisors (RIAs) and financial advisors, this, and other unexpected IT problems area constant worry. Balancing technology needs with budget constraints can leave your firm vulnerable, […]
A guide to identifying your RIA or financial advisory firm’s IT needs
Navigating the intricate world of financial advising and investment can be akin to a high-stakes chess game. One misstep, and you could find yourself several moves behind, potentially affecting your standing with clients and their trust in your advisory capabilities. Your IT infrastructure resembles the rooks and bishops, indispensable pieces that, when aligned correctly, support […]