![]() Then you’ll be able to build off that data for expanded planning services like tax planning, estate planning and 401(k) planning, as well as more easily prepare for client meetings. The key to using financial planning software is to ensure it integrates into your other technology, like your client portal and your CRM. Wealth management tools that focus on long-term financial planning can help financial advisors connect with clients over customized solutions to fit their specific needs. Advisors can leverage the custom integrations Carson has built between Orion and Salesforce, allowing for greater flexibility and control over your data. Orion Advisor Tech : Data from Orion’s portfolio management technology for trading, billing and reporting can interface through Salesforce for a customizable user interface. You can use Salesforce for personalized marketing or to respond more efficiently to customer queries, among many other advantages. ![]() Client information is stored in a cloud, so you can access it from multiple devices at any time. Salesforce : Salesforce is a cloud-based service that integrates data about your clients and prospective clients in a way that streamlines several functions. In turn, staying organized with your clients’ data can help you send more personalized messages, which will make them feel more connected to you and your business. Back-office tools can streamline all the information about your clients, including their contact information and notes on your relationship with them, into one source. You’ll want software that is flexible and allows you to control data so you can communicate to your clients as you need. Look for back-office technology that can improve critical tasks like trading, billing and reporting. Others includes Capsule, Envestnet Tamarac and UGRU. Some popular options for CRM tools on the market today include Salesforce, XLR8, Redtail Technology, Wealthbox, AdvisorEngine CRM and Skience. A quality CRM will offer functionality that, for example, helps you gather information about prospective clients or pre-populates paperwork like financial planning agreements. It should be a foundation tool that both collects data and provides data, essentially serving as a starting point and ending point for many of your processes. Back Officeįinancial advisor tools that can improve back-office efficiency should start with a customer relationship management (CRM) software that can serve as a hub for other data sources. We’ll also detail some of the top tools that make up the Carson tech stack, which is provided to all Carson Partners. Let’s review the functions and benefits that technology can provide for a typical financial advisor firm. Then, you can develop a suite of financial advisor tools that can improve different aspects of your operations, including back office, planning, marketing and communications and compliance. The key is to first identify your own processes, and then to find the technology that best addresses those needs – as opposed to allowing a particular technology to dictate your processes. The right tools depend on your specific needs, work processes and budget. Today’s technology offerings can significantly improve your services, providing advantages like automation for time-consuming tasks or engaging video content for your clients, among many other benefits.įinding the ideal technology for your business can be overwhelming, even for experienced financial advisors. The best financial advisor tools will enhance your processes, save you time and money and foster connections with clients about their specific goals. That’s where financial advisor technology comes in. As financial advisors grow their businesses, their operational needs can drastically change, along with the need to provide competitive services.
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