ANAHEIM, Calif. -- Want to cut your firm's costs? Creating more effective back-office operations can help yield significant savings, according to a study by Laserfiche -- an enterprise document management company that, conveniently, promises to help RIAs do just that.

In a review of performance figures reported by 1,000 advisory firms nationwide, the study argued that RIAs can reap annual savings of $48,000 for smaller firms up to $360,000 for larger firms by investing to streamline their back offices.

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