How RIAs can secure printed documents
Despite the rise of digital workflows, printed documents remain a fixture in the world of wealth management. Whether it’s client contracts, financial statements, or regulatory filings, the need to print and store sensitive paperwork is still very much alive. However, while essential, printed documents come with their own set of risks. For registered investment advisors […]
Why an assigned IT team is key to your RIA’s success
Registered investment advisors (RIAs) and financial advisors deal with increasingly complex tech challenges. From navigating complex client data systems to complying with strict regulations and warding off cybersecurity threats, these hurdles make efficient IT management nonnegotiable. For RIA and financial advisory firms, especially those with 5 to 25 employees, relying on generic IT support just […]
Managing texting risks for RIAs and financial advisors
Texting has become a common way to communicate in nearly every aspect of life. It’s no different for registered investment advisory (RIA) and financial advisory firms. Employees often find texting to be the fastest way to connect with clients, answer questions, or share updates. But while texting is quick and convenient, it can also open […]
Own Your IT Hardware: A Smarter Choice for RIAs
When it comes to managing your RIA’s IT infrastructure, one question can make a significant financial and operational impact: Should you own your IT hardware, or should you rent it through your IT provider? While renting—sometimes referred to as hardware-as-a-service (HaaS)—might sound convenient, it can cost your firm much more in the long run and […]
Outdated Scanning Practices Are Putting Your Firm at Risk: Why It’s Time to Switch to Scan-to-SharePoint
As a Registered Investment Advisor (RIA) or financial advisory firm, you understand the importance of safeguarding sensitive client data. But what about the tools and processes your team uses every day? If your firm is still relying on the outdated scan-to-folder method for document scanning, you may be exposing your business to unnecessary risks. Here’s […]
Tailored IT Solutions Unveiled: RIA WorkSpace vs. Visory – Choose Your Perfect Fit!
RIA WorkSpace vs. Visory: Securing the Right IT Partner for Your RIAChoosing the right managed IT service provider is crucial for financial advisory and wealth management firms. RIA WorkSpace specializes exclusively in RIAs, delivering Microsoft-powered IT management, compliance, and enterprise-grade cybersecurity. With 98% client retention and a proactive consulting approach, RIA WorkSpace ensures tailored solutions […]
Optimizing your RIA IT budget: Why you should maximize Microsoft solutions and the right IT support
For registered investment advisors (RIAs) and financial advisors, managing IT can feel like an overwhelming balancing act. Between ensuring compliance with regulatory standards and maximizing productivity, it can be easy to overspend on IT solutions that may not provide the best value for your firm. But what if there’s a better, more efficient way to […]
The hidden costs of outdated IT for RIAs and financial advisors
As a registered investment advisor (RIA) or financial advisor, every decision you make affects your firm’s efficiency, security, and ability to deliver top-tier service to your clients. However, there’s one area of operations you might overlook: your IT infrastructure. If your systems are outdated, it’s not just an “inconvenience”; it can lead to significant hidden […]
Streamlining third-party vendor management and compliance for RIAs
For small and midsized registered investment advisory (RIA) firms and financial advisory firms like yours, managing multiple IT vendors can be overwhelming. Tracking software licenses, updates, and security patches for each vendor alone demands significant time and resources. Complying with regulations from the Securities and Exchange Commission (SEC) adds another layer of complexity, as you […]