There is an abundance of technology available for financial planners and their practices. This hasnt always been the case, but now the selections are almost endless.
When I set up my solo practice, I wanted it to be as tech-forward as I could make it. Now I am a few months in, I've learned that there are some software programs that I cant live without and others I am evaluating to decide whether to stand pat when my renewal comes up.
One, for instance, is PreciseFP -- data collection software that helps in the preparation of a financial plan. As it integrates with my financial planning software, I will be keeping this software for the foreseeable future.
There are some programs that I didnt know I needed and will never be without again. Securi.net is an online website monitoring program that cleans up malware and viruses from your site before you even know theyre there. I wish I'd had this before I got hacked and malware was placed throughout my site a couple of weeks ago. Not only did Google dump me like I was yesterdays news, but it warned visitors that my site was infected. (The resulting barrage of messages I received was overwhelming.) Now my site is clean, constantly monitored and I dont have to worry.
Another decision to make: I use Blueleaf for account aggregation, but I dont think I have the client volume to use it at its fullest capability. I love the software and all the benefits it provides (both to me and to my clients), but I still have to evaluate whether to renew this program in 2014. I'd love to come back in the future, when my practice is larger, but for now I think I could use the renewal dollars more effectively elsewhere.
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