If you’ve ever considered hiring someone to help out around your firm, but thought, “Nah, I don’t need the extra expense for something I can do myself,” then it might be time to think again.
The RIA industry is set to grow at a rapid pace, with clients looking for financial advice more than ever before. And their expectations of the types of services you provide are also increasing. Retirement, healthcare, estate planning—the list goes on. So how do you keep up?
“Integrate ALL the technology!” Sure, that might help for a minute. But then what? Who is going to be there to educate your staff on how to use it? And more importantly, who will make sure you’re optimizing your technology to operate your business as efficiently as possible?
It’s when advisors get to this point that they really start to view their ‘practice’ as more of a business and start thinking of the support functions that go along with it.