Technology for Financial Advisors: What Matters Most

At Alto, our mission is to present investors with alternatives to achieve financial freedom, so we tend to find a natural alignment with how RIAs view their business and their client’s goals. As Alto’s technology leader, I’m always looking to engage with more advisors to understand the experience they need and ensure our product delivers.?

Our team recently returned from the Tennessee RIA Portfolio Summit, held in Alto’s home base of Nashville, where we had the opportunity to learn from the RIA community through one-on-one conversations as well as listening to panel discussion about the topics currently at the top of advisors’ minds.?

Throughout the day we heard a few common themes related to technology:

• Advisors want to adopt technology that supports having more and better client interactions
• Advisors need to understand how technology and AI can help them achieve client outcomes?
• Advisors should be selective about the technologies they use, and then invest fully when they choose to use a technology?

One anecdote that stuck with me is the story of grandparents who have given their grandchildren a small gift to get started on their investing journey. Their financial advisor wants to be able to service the grandchildren in many of the same ways that they service the grandparents, particularly in terms of portfolio design, so she needs technology and services that allow her to deliver that experience.

To meet Advisor’s needs, we at Alto think about our products on these terms:?

• Has to improve the client experience?
• Has to work with the advisors workflows?
• Has to enable access across the client base?
• Has to make meeting compliance requirements easy

Today, Alto offers the ability to custody alternative assets through the self-directed IRA, and we do that through a combination of technology and our human service that aligns with advisor workflows so they can focus on their clients and offer this service to all of their clients. We will continue to serve those needs while enhancing our offering so advisors are able to accomplish the goals they set out with their clients and for their business.?

You can learn more about Alto’s solution for financial advisors here, and feel free to share your ideas and questions below or reach out!