As technology continues to advance, financial advisors are presented with the opportunity to streamline their business practices, reduce manual workloads and deliver tailored solutions to clients.
The rapid integration of technology into the financial industry has opened up new horizons for financial advisors, presenting opportunities to streamline and enhance their business practices. From leveraging sophisticated algorithms for portfolio management to harnessing the power of artificial intelligence in client communication, automation is reshaping the traditional advisory model.
Join us on a journey to discover how embracing automation can not only optimize time-consuming tasks but also elevate the client experience, ultimately reshaping the future of financial advisory practices.
Vasyl Soloshchuk, CEO & Managing Member of INSART discusses how embracing automation can not only optimize time-consuming tasks but also elevate the client experience. Click the video below to watch the full interview.
Transcript:
I think there are a couple of big challenges. But the biggest one, I think it's cost optimization. How many clients can be served by one financial advisor? The bigger the number, the more efficient your company can be. How you can accomplish this? You can accomplish this only by using the modern technology.
You need to think about the core automation of your business processes. You need to think about customer experience. You need to think about an easy onboarding process. How you can accomplish all that was the fragmented software on the market? To me, the solution is an all-in-one solution. An all-in-one platform. You will be able to go with only one solution, so you'll get rid of this zoo of technologies. You don't need to spend your time understanding how all these technologies work. You can streamline your customer experience only into one solution, so use an all-in-one solution.
You need to think about what stage is your company in. So whether you're small, midsize or big enterprise, we know that not all solutions fit into one into all the companies. So you need to think about what stage you're in. Maybe for a smaller company, you should start working with some light versions of wealth tech platforms. But for bigger companies, as you evolve, you need to look at more sophisticated solutions, for example, AdvisorEngine and others.