The Foundation of Business Today

Perhaps one of the most critical components of a successful advisory firm is its technology. No longer a luxury, employing the right "fin tech" is essential to running an efficient, profitable firm.

The financial technology space has been growing at an exponential rate. Thus, the problem isn't whether there is a service provider available, but rather which service provider gives your firm the best technology to run your practice - at the best price.

The good news is we've done the hard work for you and have vetted hundreds of technology providers. In short, we've narrowed the field to the best in class. As a technology partner, advisors have access to the latest technology to run their practice with efficiency and ease so they can spend more time with their clients.

Through our affiliation with technology and back-office providers, advisors have access to state-of-the-art technology suite at a fraction of the cost that back-office "aggregator" firms traditionally charge.

The Technology Suite

The "tech stack" provided to our advisory partners is both powerful and comprehensive.

  • Paperless, Digital Onboarding
  • Account Aggregation
  • Online Risk Assessment
  • Robo Advisor Platform
  • Cloud-Based Advisory Billing
  • Financial Advisor CRM
  • Comprehensive Compliance Software
  • Email/Website Hosting and Archiving
  • Live Advisor Community

Let's Talk Cost: A New Pricing Model

Instead of the traditional "bips" approach to pricing technology and back officer services (which can cost a firm with $25 million in AUM between $25,000 and $50,000 per year), we utilize a "pure cost" model, where advisors share in the actual cost of the technology provided. 

In short, we have negotiated discount pricing directly with each technology provider. As a result, this new pricing model for state-of-the-art technology means costs can be DRAMATICALLY lower than in the past. For example, single-shop RIAs may pay less than $500 per month for a full suite of technology and back-office solutions.

Obviously, costs will vary by firm. However, the key is to recognize that costs for technology are declining due to the surge in fin tech competition. What this means for advisors is their costs for technology and back office services such as billing, reporting, and digital onboarding, can be measured in hundreds of dollars per month instead of thousands.

Disclaimer - Pricing for certain technologies will vary due to firm size and the number of IAR's. The pricing discussed above is for informational purposes only and is based on a single member firm with under $50 million in AUM.

Have Questions? Want more Info? Contact Heritage or give us a call at (303) 670-9761

Contact A Heritage Representative To Get Started