A recent advisor poll finds that close to two-thirds of advisors believe technology platforms will be the most important shift in serving clients over the next decade.
To help advisors tackle this shift today and in the coming years, ThinkAdvisor is hosting a discussion with two industry veterans, Dan Skiles and Deborah Fox, on the topic “New Strategies for Leveraging Technology to Build Teams & Grow Practices.”
The webinar, sponsored by BNY Mellon | Pershing, will cover both front- and back-office systems and operations. It is set for 2 p.m. ET on Tuesday, Sept. 25. (Follow this link to register.)
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Skiles, president of Shareholders Service Group and a regular ThinkAdvisor contributor, says that the it’s “a common misconception … that you need to reach certain revenue milestones before considering certain technology solutions; that might have been the case years ago, but not today with many technology solutions available at a variety of price points.”
Today, in fact, younger, smaller firms can embrace more “cutting edge” technology vs. older, larger firms “stuck” with legacy technology products purchased years ago, according to Skiles. For example, document imaging systems that once required large outlays for database servers are now managed with cloud-based servers at lower startup costs.