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

• Access to years of expertise – your consulting and management teams gain access to an operational staff with extensive experience in building and running operations.

• More depth in team – we have a large staff and cross train internally so that you never have to deal with employee turnover again.

• Lower costs – we deliver more services at a best practices level and we do it at or below what it costs to provide those same services in-house.

• Convert fixed costs to variable – our fees are based on a percentage of your gross revenue so your operations costs move in direct correlation with the growth of your business. This feature specifically benefited our clients in the market downturn of 2008.

• Alignment of interest – because our fee is aligned with your revenue, it’s in our best interest to squeeze every ounce of horsepower we can from software and systems to give you every tool available to help you grow your firm.

• Know what your costs are – when hiring employees, there is a stair step process to the fixed costs associated with the hiring process. You no longer need to delay hiring staff until there is enough work to justify another employee, nor do you need to retain the fixed costs of an employee if revenues decline.

• Delegate IT management – our network is far larger, more robust and provides more functionality than any one advisor can normally afford to put in place.

• Remote access – Our systems allow you to work from home, work from a client’s location or work from a hotel room. All of your applications and data are available to you from any computer that has an internet connection. This centralized books and records format has benefits far beyond compliance and management. (back)

Benefits to Existing RIA’s

Benefits to Acquisition Oriented RIA’s

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.