I’m seeing two trends emerge in 2010 through the work I perform with wealth management firms.
First, firms want to implement a document management system to efficiently manage the volumes of paperwork and forms generated throughout the financial planning process. Second, advisers want to increase revenue and client service by capturing data on held-away assets through account aggregation software.
Late last week I posted commentary why document storage isn’t document management at advisors4advisors.com. On the account aggregation side, I recently learned of a webinar offered by ByAllAccounts aimed to address this opportunity.