Industry Resources
Guides
Document Management Overview for Financial Services 
Learn what you need to know about the benefits, technology and implementation of document management solutions. Use the guide’s worksheets to evaluate competing solutions, assess your needs, and develop your implementation plan. Real-life stories show you how technology helps independent advisors operate more efficiently, and a comprehensive frequently asked questions section will answer all your pressing questions about document management.
White Papers
Getting Started With Document Management: An Advisor’s Guide
Despite its affordability, fewer than 1 in 6 advisors have implemented document management. This white paper provides real world solutions to advisors considering implementing document management technology – and explains why D.I.Y. is not the answer.
ROI for RIAs
Use technology to improve your firm’s profitability—from day one. From space efficiencies, back office efficiencies and compliance efficiencies to an increase in firm valuation, using technology to streamline work processes can help you save anywhere from $40,000 to $300,000 in annual operational costs, depending on the size of your firm.
Countering Compliance Confusion
Support compliance, ensure security and simplify audit preparation with the right technology solutions. This paper includes a worksheet to help you develop document management policies and procedures for your compliance manual, as well as a legal overview of advisor electronic recordkeeping and sample SEC and FINRA notification letters.
CRM as Total Firm Technology: Realized Benefits and ROI for Financial Advisors
In the advisory industry, leading firms are looking to and leveraging technology to streamline their operations and make themselves more “ruthlessly efficient.”
A Diamond in the Rough: Technology Savings and ROI in Volatile Markets
Industry experts all agree that the best solution is to adopt technology to increase efficiency, streamline operations, create economies of scale and enable rapid response to market changes. New advances and innovations in technology specifically designed for independent advisory firms to provide web-based performance reporting, reconciliation and billing is now available that allows advisors to meet these challenges head on and provide a substantial return on investment (ROI).
Articles
Drucker: Outsourcing HR
It’s all so simple when your firm is just you, but the complexity of managing employees grows geometrically as you add bodies and benefit plans. Professional employer organizations (PEOs) can be the answer.
Case Studies
Halbert Hargrove Investment Counsel
“We knew that we needed not only document management, but also the scalability and ability to custom integrate into how we did business,” says Halbert Hargrove Investment Counsel’s Chief Operating Officer J.C. Abusaid. “While we haven’t put an actual dollar figure on the value of our document management system, we know that it has to be in the range of tens of thousands of dollars.”
Focus Financial Group
“To succeed in today’s environment, you really need to show your added value and demonstrate to your client what’s important. We’ve been able to do this successfully by building an investment and financial planning process that is repeatable, scalable and defendable,” says President Jim Mathias.
Financial Foundations
“Personally, I think that every financial advisor has to move eventually to an electronic filing system. It’s not a matter of if, but when,” says Nick Cosentino, president and founder of Financial Foundations, Inc. “In my opinion, it would be impossible to succeed without it.”
Berger Financial Group
Advisors at Berger Financial Group, Inc., (BFG) have always taken pride in providing sound advice and stellar client service, but when it came to their filing system, they knew that improvement was crucial.
“We had file cabinets that were using up valuable space,” says Principal Mark Berger, “not to mention the substantial administrative time required to keep each physical file up-to-date. We knew we needed to improve our filing to improve our efficiency.”
Shareholders Service Group
“In today’s volatile markets, independent, objective advice is needed now more than ever,” says President and CEO Peter Mangan.
Syverson Strege and Company
“If there is a change to the models or allocations, we can actually change it on the fly and print out a new document right then and there…and we’ve saved multiple steps in the process.”
Monroe Bank and Trust
“What we’ve gained with IPS AdvisorPro® is not so much in a dollar sense, but in the enhancement in relationships with clients.”
Independent Member Technology Forum Members 
 
 
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