August 20, 2007
RIAs Need Technology to Support Growth Aims: Aite
Based on a report by Aite Group, the article predicts that Registered investment advisers (RIAs) will need technology to maintain and exceed the asset growth they have enjoyed since 2001 (10 percent) and manage wealth and data more effectively for their client bases.
Juliette Fairley concludes that “Partnering with a data aggregator or consolidator such as Albridge Solutions, Private Client Resources or CashEdge can give one RIA a competitive advantage over another firm that doesn't do the same. Many RIAs still operate with an outdated data integration and aggregation solution, or none at all.”