Citrix ShareFile or Microsoft SharePoint? What your RIA firm needs to know
For a long time, Citrix ShareFile was the go-to choice for many registered investment advisors (RIAs) when it came to securely storing and sharing confidential client information. However, with the rise of cloud-based collaboration tools, Microsoft SharePoint has stepped forward as a popular alternative for managing documents and data within RIA and financial advisory firms. […]
Intrusion detection and prevention for RIAs and financial advisors
Time and again, hackers have proven their ability to penetrate even the most sophisticated firewalls and security systems. This is particularly concerning for registered investment advisors (RIAs) and financial advisors like you, who handle sensitive client information on a daily basis. What’s more, the jargon surrounding cybersecurity can make it challenging to understand the available […]
Spyware infiltration and Dropbox deception: Beware of these RIA phishing tactics we’ve seen in the wild
If you’re a registered investment advisor (RIA) or financial advisor, chances are you’ve already heard of phishing and the dangers it poses to firms like yours. But do you know that phishing today is no longer just a random email asking for your password? It’s a carefully orchestrated attack designed to exploit your trust and […]
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 […]