This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

NFP Advisor Services Group Publishes Aite Study On Advantages Of RIA Technology Integration

Stocks in this article: NFP

NEW YORK, Sept. 26, 2011 /PRNewswire/ -- NFP Advisor Services Group today published the results of a study examining the impact that outsourced technology integration can have on the business of Independent Registered Investment Advisors (RIAs).  NFP Advisor Services Group serves financial advisors and is a business segment of National Financial Partners Corp. (NYSE: NFP), a leading provider of benefits, insurance and wealth management services.  

(Logo: )

The study, commissioned by NFP Advisor Services Group and produced by leading independent research firm Aite Group, concludes that outsourced technology integration tools, such as NFP Advisor Services Group's multi-custodian IndeSuite(SM) platform, provide significant benefits to RIAs, including improved productivity and efficiency, that can boost advisor revenues by up to 30%.

James Poer, President of NFP Advisor Services Group, said, "Against the backdrop of an increasingly competitive wealth management environment, it is more important than ever that RIAs operate lean, efficient businesses that allow them to focus more of their time on client service and prospecting.  As this study clearly demonstrates, an integrated technology platform is an extremely valuable tool that lets RIAs streamline operational processes and maximize productivity."  

The study results demonstrate that, despite the wide range of business applications required to operate their businesses, RIAs' current level of technology integration across applications averages below 50%.  Without a fully integrated platform, advisors sacrifice two days per week, on average, for operational tasks such as data reconciliation, performance reporting and fee billing.  Supporting advisory staff lose even more time without integration, spending three times as many hours on operations as on client acquisition and prospecting.

In a fully integrated environment, the time spent on operations can be reduced by almost one full day per week for advisors and by 40% for support staff, freeing employee capacity for productive relationship management and business development.

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs