Financial Planning Blog

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CRM  |  Financial Advisors  |  Junxure  |  Technology  |  Wealth Management Technology

The Cost of Client Relationship Management (CRM) Software for Financial Advisors

As a financial advisor, you take pride in how you’ve cultivated deep relationships with your clients. But in a new reality where it is difficult to meet in person, you’re naturally concerned about how to maintain those connections. The right Client Relationship Management (CRM) technology system can not only help you stay connected to clients during this global pandemic, it can strengthen your ability to personalize your client service and help you win new business. Streamlining workflows makes it simpler to stay in touch with clients, while automating tasks frees advisors to concentrate on the conversations that clients value most. A CRM aids the advisor at every step, from discovering prospects to supporting existing clients and improving contact management. But how much does CRM technology cost? What are some factors to consider beyond the cost?

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Compliance  |  Financial Advisors  |  Wealth Management  |  Working Remote

Regulatory Exams Continue in Financial Services even as Firms Work Remotely

Despite the COVID-19 global pandemic, regulatory examinations continue as normal. There’s one caveat though: the scope of examinations have increased.  Regulators are trying to understand how firms manage business and core compliance programs within this environment.  Below are 3 specific ways to test your compliance program and prepare for these regulatory exams:

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AdvisorEngine  |  Franklin Templeton

A Letter to Clients from Rich Cancro, AdvisorEngine CEO

Good morning.  I hope that you and your family are healthy. I feel very fortunate that my family and friends are doing well health wise. If your situation is anything like mine, you are balancing new demands as your personal life has merged with your professional life. For a window into my household:  I’ve been locked down in my NYC loft with my family playing teacher / short order cook / Sonos DJ / Paw Patrol watcher / Ticket to Ride competitor. I have always appreciated teachers -- now my appreciation and admiration is sky high...Truly: how do they do it?

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Digital Tools  |  Financial Advisors  |  Junxure CRM  |  Technology  |  Wealth Management

How Financial Advisors Can Seamlessly Integrate Email Into Their CRM

Think about it for a minute, how much does your business rely on email communication?  Email has become such an important method for business communication. It’s accessible, fast, cheap and private - plus, it can be easily replicated and stored.  I’ve actually had an email account since I was in the second grade. That’s the norm these days, elementary-aged kids are using email to communicate with teachers and collaborate with friends on class projects.   According to statistics more than half of the global population now uses email - 3.9 billion people have active email accounts. In comparison, there are 3.5 billion social media users worldwide.  Since building strong relationships is a core element of providing financial advice, a financial advisor Client Relationship Management (CRM) system should support email functionality.  It’s no wonder that financial advisors are thrilled with Junxure’s latest integration with Office 365. 

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AdvisorEngine  |  Digital Advice  |  Leadership in Wealth Management  |  T32020  |  Wealth Management Technology

5 Ways to Foster a Culture of Innovation Within Your Financial Advisory Firm

Two weeks ago, I had the pleasure of attending Joel Bruckenstein’s annual T3 Advisor Conference in San Diego. T3 offers a place where independent and hybrid financial advisors can test drive the latest and greatest in the FinTech world.  One major takeaway for advisors this year was acceleration - the industry is changing, but in order for the industry to change, the technology has to change to support that.

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AdvisorEngine  |  Financial Advisors  |  Technology  |  Wealth Management  |  Wealth Management Technology

How Financial Advisors Can Modernize Delivering Financial Advice

Wealth management is an ever-changing environment. Evolving technologies are rapidly changing the ways investors access investment products and receive financial advice. This paradigm is challenging the business models of long-established advisory firms and providing opportunities for competitors. New experiences and technology are changing industries across the board. 

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