Customize Your Tech Stack as an RIA

Customize Your Tech Stack as an RIA

In today’s episode of the AccelRIA Podcast, Freeman Linde outlines how to “Customize Your Tech Stack as an RIA.” Freeman is a Certified Financial Planner, Enrolled Agent, author, and the co-founder of La Crosse Financial Planning. An RIA in La Crosse, WI. Today’s topics include:

The Fintech Landscape

• Fintech is a Big Business
  • Makes you better/more efficient
• Kitces Advisor Fintech Solutions Map
  • Financial Planning
  • Investment Management
  • Client Engagement
  • Business Development
  • Operations
• Specialized categories

Broker Dealer Tech

• Custodian
  • Pershing -> 2.2 stars
  • Clients hate it!
  • Advisor Problems
    • Call BD -> Call Custodian
    • Custodian Calls BD -> BD calls you
  • Part ways with client?
    • Re-paper accounts
• Other Tech
  • Included tech vs. What you want
  • Dinosaur software
    • Scheduling
    • File Management
  • Non-approved software

Full Fintech Freedom as an RIA

• Custodian
  • Schwab -> 4.8 stars
  • Client recognition and security
  • Advisor Problems
    • Call Custodian
  • Part ways with client?
    • Client keeps account
    • Disconnect firm
• Other Tech
  • Only pay for what you want
  • Sleek, easy tech
  • Combo tech
  • Niche tech

Who Not How

• We’ve Evaluated
• AccelRIA Toolkit
• AccelRIA Discounts on tech

Action Items

• Subscribe
• 5-Star Rating & Thumbs Up
• Choose One Technology to Implement as an RIA
• Complete your AccelRIA Calculator
• Click “I’m Inspired” on AccelRIA.com