a technology primer:
Progressive disruption is always, forever, and accelerating.
So how do we operate in such a way that not only survives disruption, but thrives from it?
We start with first principles, our Base Code.
Technology is simply a mechanism by which we arrive at an outcome faster.
Great technology should be beautiful, minimal, and in the background.
A process should not bend to a tech solution, but the other way around.
Our clients generally don’t want more passwords or dashboards.
Today’s best solution is tomorrow’s fax machine, or smoke signal.
Minimum viable inputs create more robust outputs.
A system’s value to our process is directly correlated to how easily it can be unplugged and replaced without disruption. #dataexport
Open architecture will always outperform legacy in the long run.
open architecture
Many firms just use a turnkey asset management platform (TAMP) or link all systems onto an all-in-one platform? Wouldn't that be cheaper and more efficient?
Cheaper? no.
More efficient? remains to be seen.
Better? lol, still no.
we’re an ecosystem
Ecosystems that optimize for uniformity are inherently fragile. For us to do our best work, we must be antifragile.
Unified systems that do it all, do none of it particularly well.
Our clients deserve the Best user interface, the Best trade execution, the Best forms generator, the Best planning software.
We have the ability to integrate what we need, and if one system fails, it’s not mission critical. We can unplug one system from our workflow, plug in another, and its business as usual with minimal disruption for our clients.
Financial technology is booming.
If a new piece of tech comes out that will radically improve the outcome or experience for our clients, we want the ability to license that software and immediately plug it in.
We’ll give our clients the best experience in the world because we are small, adaptive, and beholden to no single system or platform.
we’re antifragile.
How we think about balancing software:
we utilize 6 core systems
Headquarters: Slack
Data Center: Notion
CRM: Wealthbox or Notion core CRM
Email & Calendar: Outlook
File Cabinet: BOX Drive
Multi-Custodial: Altruist and Schwab
specialized systems such as: portfolio analytics, tax planning, cash management, estate planning, digital intake solutions, cybersecurity, E&O, compliance & archiving, branding, and more are all provided at the firm level.
advisors may separately license financial planning software. Right Capital, Elements, eMoney, and AssetMap are quality systems. You know your families best and may utilize the planning software that best suits your business.
Notion CRM is maintained by the firm, but Wealthbox may be added to our group plan for a discounted price
We hope the following 'Technology Systems' walk-throughs give you a sense about how we think through each of the systems and workflows.
The more you use each, the better you'll become. The systems we license all have amazing databases of tutorials and webinars, demo videos, as well as a personal service team to handle your every possible question via phone, email and/or chat. Those are the experts. And before long, you'll be the expert.
Through years of trial and error, and a ton of money wasted, we believe our current tech stack, process, and workflows provide us all the tools we need to give each client the best possible experience.
After all, that’s why we’re here.
