Portfolio Performance Report and Improving Your RIA Firm
Smaller RIA firms are underutilizing reporting software. This could be a measure to save costs or simply maintain an old way of thinking. As your firm continues to grow and scale, you’ll need to look at implementing a portfolio performance reporting software that’s robust and can grow with you. Also, it needs to integrate well with existing software and limit the time needed to transition. There are several different areas within your business that will be impacted, and this article will dive into that. Know that as we continue to evolve with financial technology, so will your firm. Client Reporting This is one of the most important aspects of reporting that you’ll face. Your clients will require several different reports or maybe request a custom report. The reports can vary from account information, asset breakdowns, and purchase history. Having your client’s information be readily available can take time if you do it manually. However, by implementing ...