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The traditional RIA business consists of four basic components: back-office functions, compliance, money management and sales. All of these functions can be outsourced to other firms. The best RIA firms spend 60-80% of their time in client-facing activities so they can drive growth. What RIAs need to decide is which functions to outsource to allow more time for client-facing work—and thus more opportunity for growth.

Mike Lover, Vice President of Process Improvement for Trust Company of America, reviewed some of the options in a recent Genius Session.

Back-office functions are easily outsourced, he says, but the cost of labor to do them is relatively low compared to the cost of outsourcing. Managing back-office functions in-house may be more cost effective, particularly if combined with effective technology systems that allow for greater scalability. Some RIAs choose to outsource compliance to vendors like RIA In...

Advisor Technology that Gives a Holistic View of Your Book of Assets

A notable feature of TCAdvisor, is the versatility of the platform. Advisors can access the Consolidated Asset Management (CAM) screen, which is the best way to get a bird’s eye view of their entire book of assets....

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Are Your Social Media Posts Boring?

Originally posted by Financial Social Media.

By: Amy Smith

As the marketing manager at Financial Social Media, I constantly face the challenge of...

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Driving Efficiency with Liberty’s Easy Online Distribution Requests

Easy online distribution requests is the latest update in a series of rollouts planned for Liberty this year. With online distributions in Liberty:

  • Advisors can select the level...
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9 Ways to Double [Even TRIPLE] Your Leads Online!

Originally posted by Financial Social Media.

By: Amy Mcilwain 

We live in a day and age where people flock to the internet for just...

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