Versoft Consulting

If you need to migrate off Morningstar Office, this video is a must-watch. Jimmy breaks down the complexities that inevitably come with these transitions and explains where breakdowns can happen in performance numbers. Check it out ??

I'm excited to participate in this panel discussion, "Selecting and Implementing a New Investment Performance System", along with fellow panelists Tina Madel, CFA and Julie Snogren. Every firm has unique needs. A platform that works for one firm may not be the right fit for another. We'll be discussing considerations for evaluating different vendors and services, as well as lessons learned from implementations. Join the WiPM group to register for this event and participate in the conversation. Looking forward to seeing my fellow women in investment performance there!

Major shifts in WealthTech wait for no one - and neither should your technology planning. From platform transitions to budget optimization, this month we're tackling the decisions that could reshape your firm's tech foundation in the year ahead. While unexpected changes like the Blaze Portfolio sunset can feel disruptive, they often present hidden opportunities to reassess and strengthen your technology strategy. In this month's edition, we discuss: Breaking News in WealthTech: Going Out in a Blaze of Glory Got Your 2025 Tech Budget? Here's How to Make It Count + An Updated Conferences & Events Schedule!

Energized and inspired after our annual team retreat in Cancun! ??? As a fully remote company, these in-person gatherings are invaluable moments where we strengthen our bonds, spark innovation, and create lasting memories together. It's amazing to see how our team chemistry flourishes when we step away from our screens and connect face-to-face. Last week, we returned home with fresh perspectives and renewed enthusiasm for what's ahead in 2025! #VersoftRetreat2025

Consolidating systems and merging companies is never an easy or fast process. It requires careful preparation and can take up to six months for a smooth transition. But the question is, do you want it to be a smooth ride or a rocky one? As professionals, we understand the importance of accuracy, especially when it comes to financial numbers and client satisfaction. Verity Larsen from Versoft Consulting discusses the challenges and strategies for successful mergers. ?? Check out the 15 webinar "After the marriage before the payout- when transitions go sour."

Over the past few months, we've been working on business strategy and updating the business plan for 2025. While our agenda has remained the same since Versoft's inception, our goals, objectives, target clients, and marketing strategy change each year. As we headed into our tenth year, it was time for a refresh! It's been a time-consuming process as we started from scratch. We used a new document template, added more detail about our operations, clarified our competitors, and included more actionable and measurable goals. Tips: 1.??????Limit your use of AI. Put thought into your plan. The more time you spend refining it will help you think about the best ways to execute. 2.??????Get your management team involved and contributing to the plan's creation. This will ensure their support during execution, plus make sure they understand the big picture and deliver consistent messaging to employees and external parties alike. 3.??????Create a summary of the plan and share this with all employees. The company will not be able to achieve its goals without the support of the entire team. 4.??????Don't create a plan and then put it on the shelf. Throughout the year, our management team will meet to review progress, analyze business intelligence reports, and adjust accordingly. Check out some additional resources in the comments below, and please share other tips you may have. ??

Next Thursday we'll be in sunny Cancun for our annual company retreat! As a fully remote organization, it's important for us to get together in person and plan out our 10th year of fintech consulting domination. Excited to take lots of pictures and force everyone to play cringey team building games ??

They said AI was going to replace me someday, guess that's today ??

To my Tamarac friends: Are you still using Tamarac’s legacy performance calculation? Or better yet—do you know which calculation you're using? ?? ICYMI: Tamarac introduced its “Enhanced” performance calculation nearly 9 years ago, yet many firms are still using the legacy version. Why? Often it's just fear or uncertainty about how the switch might impact current and historical performance. ?? Here’s the thing: the Enhanced calculation fixes many of the legacy’s shortcomings, including: ?? Displaying returns for closed accounts ?? Linking returns across holdings gaps ?? Calculating IRRs for previously held positions ?? Preventing large outflows from skewing performance If you want more certainty on how a move to the Enhanced calculation would affect your accounts, let’s connect! I can help you run a side-by-side comparison, so you’ll know exactly what to expect. ?? I’ll also break down the math behind each calculation to give you full clarity and confidence. DM me to learn more! ??

Our Consultant, Jimmy Gill, has a knack for writing insightful, clever posts to ring in the New Year. We're highlighting and expanding on those to provide you with some actionable ideas that will help you reach your 2025 goals. In this New Year's edition, we discuss: Jimmy's Insights 5 Ways to Make Change in 2025 + An Updated Conferences & Events Schedule! #wealthtech