Advisors today rely on technology more than ever as applications for managing portfolios, client relationships, documents and other areas of an advisory business are instrumental in helping streamline key tasks. The average number of technologies in RIAs’ offices continues to increase, with the average firm using 4.8 out of eight popular systems, according to Schwab’s 2010 RIA Benchmarking Study.
And yet, advisors are still missing an important piece of the technology puzzle: integration—enabling all those disparate technology systems to communicate and work together.
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