What to consider when hiring an outsourcer

Hiring an outsourcing firm is not a decision to be taken lightly. Finding the right vendor to help manage your business makes all the difference for a growing firm, which is why a diligent appraisal is vital. Here are some suggestions on how to make sure you're getting a good fit and a reliable partner...Read More »

WebPortfolio Tips: Running Report

By Jim Miesel on Thursday, November 18th, 2010

WebPortfolio includes several built-in reports that allow you to see the data for a specific client in an easy-to-read format. To run a report, you first select a client from the main advisor screen in WebPortfolio, and then press the "Client's Financial Info" button...Read More »

Another Reason to Adopt Account Aggregation

By Amy McIIwain, President, Financial Social Media on Thursday, November 11th, 2010

Amy McIIwain, President, Financial Social Media

In my previous post. I highlighted pending federal legislation that gives advisors a fresh incentive to adopt automated monitoring of held-away accounts. Should the legislation pass, the number of held-away accounts could grow dramatically, increasing the workload required to keep portfolio accounting systems accurate and up-to-date with account activity...Read More »

Why Account Aggregation Is the Way To Go Now

By Bill Winterberg on Tuesday, November 9th, 2010

Advisors who deliver comprehensive investment management across a client's total wealth know how important it is to monitor activity in "held-away" accounts, those not maintained with the advisor's preferred custodian. Activity in held-away accounts is typically monitored through manual processes, but as assets under management grow, advisors quickly find they can't keep up with the increased account data that needs to be gathered...Read More »

Getting Started with ByAllAccounts from the Advisor's Perspective part 4

By Doug Holden on Friday, November 5th, 2010

Communication with clients was initiated today concerning the opportunity to have their 401(k) and 403(b) assets managed professionally in the same way as the assets that are custodied at Schwab. As part of my quarterly mailing, I send a one page (front and back) newsletter of sorts. It usually includes a brief market commentary as well as covering several other topics. This time I included management of held-away assets, so I'm anticipating having at least a few clients respond. For the benefit of those reading this blog, here is the way I introduced the topic:..Read More »

Survey Snapshot: Majority of advisors loyal with current PMS

By Amy McIIwain, President, Financial Social Media on Monday, November 1st, 2010

Amy McIIwain, President, Financial Social Media

If you are a fan of ByAllAccounts you know that we frequently survey financial advisors to snapshot current trends, advisor sentiment and the impact of regulatory/legislative developments. In our October survey we asked advisors about potential changes to their portfolio management system (PMS) to highlight technology trends in 2011...Read More »

Interview with Stephanie Sammons - Part II

By Amy McIIwain, President, Financial Social Media on Monday, October 25th, 2010

Amy McIIwain, President, Financial Social Media

A few days ago I shared some lessons with you from a conversation I had with Stephanie Sammons about blogging for financial advisors. Are you thinking of starting a blog, but not sure where to turn for inspiration? Read more......Read More »

Outsource it or keep it in-house?

Outsource it or keep it in-house? When you become an independent advisor, the responsibilities of running a business and meeting your clients' needs are now on your shoulders. With so many different areas that need to be addressed, how do you want to spend your time? If you don't want to hire staff to make sure it's all covered, outsourcing is an option. A number of well-established companies provide outsourcing for portfolio data management, reporting, human resources, compliance, billing and investment strategy. Some combine multiple services, like portfolio reporting and billing...Read More »

Get on board with social media and protect your brand

By Loic Jeanjean on Wednesday, October 20th, 2010

We all know the big four players of social media: LinkedIn, Facebook, Twitter and YouTube. Chances are that you're probably already engaging customers and providing them value on most, if not all, of these social websites...Read More »

Interview with Social Media Guru Stephanie Sammons

By Cynthia Stephens on Monday, October 18th, 2010

On the heels of launching our new blog I had the opportunity to catch up with social media guru Stephanie Sammons. I thought it would be fitting to get Stephanie's unique perspective on the importance of blogging...Read More »