5 Technology Tools Every Advisor Should be Using | ETF Trends

Note: This article is courtesy of Iris.xyz

By Carolyn Rose Kick

Technology is becoming a key component to any successful RIA firm. Using technology can streamline your operations work, enhance your client experience, and ultimately help you sign more prospects. But there are +100 advisor-focused technology solutions on the market! Considering which technology to invest in can be a daunting task.

This is why we here at Bridge have compiled our top-five most important technology solutions for advisors.

But before we get to our top tech-picks, it’s important to cover some tips on how to pick great technology for your firm.

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Signs You Should Implement New Technology in Your Firm

Here are some signs it may be time to implement new technology in your firm:

  • You feel that you’re spending too much time on menial tasks like entering data, organizing files, generating reports, finding contact information, etc.
  • You think your time could be better spent on something else, such as prospecting or meeting with current clients.
  • You find it difficult to complete everything you need to get done each day.
  • You currently have a technology solution, but you avoid using it because it’s difficult to navigate and/or outdated.

What to Look For In a Technology Solution for Advisors


When addressing scalability, you should ask yourself: can this product grow with my business as I take on additional clients? Ideally, you want a tech solution that works well for you now, but that will also serve an important role once you’ve grown your firm’s client base. Some questions to consider include:

  • Is this solution innovating at the same pace I plan to grow my business at?
  • Does this solution integrate with other technologies I use and/or plan to use in the future?
  • Does this solution provide cloud-based data storage for increased flexibility?
  • Is this system user-friendly enough for my current and potential future employees?
  • How quickly and easily can I get this new system up-and-running?

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