By Nolan Wilson
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Additional resources for Firearm silencers
There is usually an annual fee that covers the cost of ongoing support and upgrades to the program. Examples of software provided this way include PortfolioCenter, Axys, FinFolio, Captools, PowerAdvisor, and Principia CAMS. Increasingly, advisors are seeking ways to move the responsibility for the hardware out of their ofﬁce. With this approach, the software is hosted by the vendor. There is no installation although there will still need to be some customization of asset classes, billing speciﬁcations, report selection, and so on to reﬂect the way you do business.
Different clients require different stories. For example, while the analytical highlights of a retirement plan—save, grow, track, retire, withdraw—are consistent for all clients, the story used to engage a 35-year-old single woman may be quite different from the one used for a 50-ish couple who’ve suddenly realized they’ve ignored retirement planning for too long. Generational Differences Although client demographics are becoming more varied, the general wisdom of “know your client” is not changing.
Finally, as you do the workﬂow analysis, keep in mind that your workﬂow may be complemented by third-party software. If that is the case, whether for trading, contact management, or portfolio reporting consider how well the platforms will work together. Will you be sacriﬁcing beneﬁcial features for ease of use or vice versa? Breakaway Brokers The needs of brokers leaving a wire house environment are, in many ways, similar to the needs of new advisors in the sense that you are looking to set up portfolio management software from scratch.