Portfolio adviser should focus on his core function

How much is spent on necessary--but uncompensated--tasks that ultimately don't add value?

Is outsourcing the answer?

Results of a recent study revealed that over 40% of large brokerages outsource at least one back office function--and 97% planned to increase their level of outsourcing. Among smaller firms and independent RIAs, roughly 30% outsourced all their back office functions, according to a 2016 research, and 60% outsourced at least some of their back office tasks.

If you want clients to see you as picking funds, lots of people do that. But if you free up your time to provide full service, to devote more time to clients  that's how an entrepreneur thinks.If you want clients to see you as picking funds, lots of people do that. But if you free up your time to provide full service, to devote more time to clients and children of clients, that's how an entrepreneur thinks.

18% of advisories that outsourced portfolio management, nearly 60% saw significant growth in AUM. Of the 82% who managed investments internally, fewer than half saw growth in AUM.

From the client's perspective, firms who outsource back office tasks have a more professional, value-added presence. 

Advisors are able to offer a level of oversight and diversification previously reserved only for major brokerages--and they are able to spend their time on growth-oriented tasks that generate revenue and build AUM. Now might be a good time for RIAs to take a hard look at the tasks they really need to keep in-house and those that are better delegated to an outsourced partner.

Try Excella Advisory platform 

You  focus on increasing your AUM, we will do the rest 

Please call me o 9605995500