In our last blog post, we highlighted the important reasons why advisors need to get going and get visible on social media channels. Most importantly, to ensure that the lifeblood of future growth – referrals – are coming in.
One of the most critical issues to the competitive success of financial advisors is improving technology systems to serve more clients and manage digital information. Most advisors believe technology will have a profound effect on the way firms do business over the next 10 years. In order to attain maximum efficiency, an advisor’s tech stack must be interconnected. Even with state-of-the-art applications, productivity gains through disparate systems are limited.
Is uncertainty back in the market? If the VIX is any indicator, the answer is yes. In one day last week, the VIX, a measure of implied volatility, spiked nearly 40%. Whether volatility is here to stay or planning to rear itself intermittently, it’s a great time to evaluate internal systems, processes and data that can help your firm weather through the potential storm.
As we discussed in our previous blog posts (“The transformation of Saudi Arabia” and “IPOs, PIF and PPPs: It All Spells Opportunities for Financial Institutions”), the Saudi government is responding to its over-reliance on hydrocarbons and what has been a difficult macroeconomic environment by introducing some truly radical changes.