SAN ANTONIO, TEXAS - With the financial crisis as the backdrop and the fiscal cliff and regulatory changes on the horizon, "you know that how you manage your practice is not going to get easier," said Bill Winterberg, of

But fortunately, there are some tools that can help advisors become more efficient. From communication to time and information management, Winterberg covered around 30 different applications and services for advisors to consider at his session Transformative Technology You Can Implement Today at the FPA annual conference in San Antonio.

With his website and his column for Morningstar advisor, Winterberg is widely known among advisors as an expert on how they can use technology to improve their practices.

So I asked him afterwards, what's the most important tech tool and where should an advisor start?

Here's what he said:

"I think the single most important tool advisors are missing right now is collaborating with clients, using programs that decrease the barrier, that decrease the hurdle to working on documents together, sharing documents together and using mobile devices to work on documents together. I think that's where advisors need to go because their clients have an expectation now that working on their plan, working on their documents needs to be really easy and convenient. So advisors need to look for tools that offer that capability."

Check out Winterberg's other tech tools for advisors

Do you agree? Already on board with DMSs? What do you think is the most important technology tool for advisors to start using?