A typical RIA “tech stack” is comprised of 3 core pieces of software:

CRM
Financial Planning
Portfolio Management

But what exactly does the generic sounding “portfolio management” tool do?

Considering it is typically by far the most expensive piece of a tech stack, it’s important to understand the role it would play in your practice.

In this episode (#136) of the Transition To RIA question and answer series I explain:

What a portfolio management tool is.
How these tools came to be.
How they align with other parts of a tech stack.
And in some scenarios, whether you even need one to begin with!

Come take a listen!

P.S. Prefer video? You can find this entire series in video format on Youtube. Search for the TRANSITION TO RIA channel.

Show notes: https://TransitionToRIA.com/what-does-the-portfolio-management-tool-in-an-ria-tech-stack-do/

About Host: Brad Wales is the founder of Transition To RIA, where he helps financial advisors between $50M and $1B understand everything there is to know about WHY and HOW to transition their practice to the Registered Investment Advisor (RIA) model. Brad has 20+ years of industry experience, including direct RIA related roles in Compliance, Finance and Business Development. He has an MBA and has held the 4, 7, 24, 63 & 65 licenses. The Transition To RIA website (TransitionToRIA.com) has a large catalog of free videos, articles, whitepapers, as well as other resources to help advisors understand the RIA model and how it would apply to their unique circumstances.

Q136 - What Does The "Portfolio Management" Tool In An RIA Tech Stack Do?