This Day On The Street
Continue to site
ADVERTISEMENT
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

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

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:   http://photos.prnewswire.com/prnh/20100920/NY67494LOGO )

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

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
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!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs