The Cantwell Advisory

We got asked a great question about how firms should approach the process of adding new technology. The thing is you don't start with thinking about the tech that's the last step! And don't worry we got you covered on all the steps! Let me break down our approach to building strong foundations before adding new tech: 1) Start with Change Readiness The first crucial step is ensuring there's genuine organizational commitment to transformation. Without this foundation, even the best tech solutions will struggle to deliver value. 2) Define Strategic Priorities Take time to clearly articulate your firm's top priorities - whether that's accelerating AUM growth, expanding revenue streams, or elevating client experience. These become your North Star for all decisions. 3) Process Alignment Audit Evaluate every system and process through the lens of these priorities. Ask yourself: "Does this directly support our core objectives, or is it creating friction?" This helps identify which elements need transformation or elimination. 4) Think Process, Not Products The key mindset shift is focusing on your data flow (inputs, processing, outputs) rather than specific tools. Technology should serve your process, not dictate it. Start by designing your ideal workflow without any tech constraints. 5) Simplify Before Sophistication Look for opportunities to eliminate unnecessary steps or redundant processes before adding new solutions. Often, the best optimization isn't adding technology - it's removing complexity. Only after these foundations are solid should you evaluate which tech stack best supports your reimagined workflow. Remember: Technology is just the vehicle to get you from point A to B. The real value comes from having the right destination and a well-mapped route to get there. #wealthtech #ria #fintech #wealthmanagement #assetmanagement #wealthtechselect #digitaltransformation

?? Had an insightful conversation with Catherine Tindall, CPA of Dominion Enterprise Services about what really matters in tech adoption for RIAs. We realized after the fact that this would be a great topic for an upcoming podcast episode and decided to take a piece of it and share with you today! Key takeaway: Success with technology isn't just about choosing the "best" software – it's about building a strong foundation through: - Clean, reliable data - Well-designed processes - Effective utilization of existing tools Too often, firms chase the latest tech without addressing these fundamentals. Even the most sophisticated technology won't deliver results without good data and processes behind it. Watch our discussion to learn how RIAs can take a more strategic approach to technology implementation and get better results from their existing tech stack. #WealthTech #FinancialAdvisors #RIA #TechnologyStrategy #PracticeManagement #WealthTech ?? Want to discuss your firm's technology strategy? DM me and let's connect!

Today, we’re excited to announce that Envestnet has entered into an agreement to be acquired by Bain Capital, in a go-private transaction valued at $4.5 billion. https://bit.ly/4bGLRjd In partnership with Bain Capital, we are focused on immediate and long-term strategies that allow us to deliver the wealth technology, solutions and service our clients rely on to grow and power their business. We remain committed to empowering advisors with our wealth technology platform, to help them serve their clients’ financial needs more holistically.

There's advisors, advisortech, and then there's "The Consultants". I picture these three in a Venn diagram, with ProAdvisorSuite? somewhere in the middle Conneqtor-ing them all. This List is dedicated to the consultants. Read on...

Behind the scenes at Kiosk #13! ?? Our CEO, Haik Sahakyan, had an insightful conversation with a special guest at T3 Technology Tools for Today. Dive into the world of innovation as they discuss the power of AI in wealth management. ?? Come visit us at Kiosk #13.

If you are a Project Manager with Orion experience, I'm interested in hearing from you! Tamarac and Addepar exposure would be a plus. Please DM me if you or someone in your network has these skills.