Benefits to Outsourcing

Back Office Connection’s services are varied and far reaching and can impact your business significantly. The more you ask us to do, the more we can integrate our services inter-departmentally and provide you with the benefits of that collaboration and its scalability.

There are many benefits that can be derived from outsourcing. The benefits that accrue to each advisor are specific to the structure of the firm, the Life Cycle stage and the growth initiative within the firm. Benefits can be categorized in four primary areas:

General Benefits

Benefits to Existing RIA’s

Benefits to Acquisition Oriented RIA's

• Support for multiple Portfolio Management Systems – regardless of which Portfolio Management System you use today, that system does not need to be a barrier to your firm acquiring or joining another firm. We can run both or help you migrate to a single system over time.

• Remote access for satellite offices – our technology platform is perfectly suited for supporting multiple satellite offices and or providing employees an opportunity to work from home. You get access to all of your data and all of your applications via a web portal.

• Centralized books and records –- our network provides “hosted data” which means that you can access that data from virtually any computer with an internet connection. Our technology platform centralizes your data for both compliance and management purposes; completely removing the need to replicate or copy data to another location and the complications associated with that process.

• Added capacity – transitioning new business is a time consuming process. Outsourcing can provide you with the flex hours you need to manage a new consultant transition or the transition of two joining firms. These events can be difficult and costly to staff.

• Short learning curves – getting new consultants up to speed is paramount to success when acquiring revenue. Well documented process and procedure and easy to learn, easy to use technology is key to that success. (back)

Benefits to New RIA's or Break Away Brokers

Please give us a call today to see how we might help your firm thrive and prosper.