Just like seafarers who spent centuries looking for a Northwest Passage from the Atlantic to the Pacific to save on shipping time and costs, investment advisory firms are seeking operational efficiencies.
In their new white paper titled Northwest Passage, Brooklyn Investment Group explores what they've coined ‘Operational Alpha’ - the reduction of effort required to run an advisory business, especially through the use of technology.
We believe that leveraging technology to do the things that computers often do better than human beings frees up advisor time to focus on adding value through relationship-building, trust and estate planning, and other services.
Check the white paper out here.
Explore Brooklyn Investment Group's other research here.
October 25, 2024
More Articles
RBC Sets 12-Month S&P 500 Target At 7,750 As More Wall Street Firms Turn Bullish On Stocks
RBC Capital Markets has become the latest Wall Street firm to signal confidence in US stocks, establishing a new 12-month price target for the S&P 500
From Account-Level Chaos to Household-Level Clarity: SS&C Black Diamond Wealth Solutions’ Rebalancer
Rebalancing doesn’t have to be painful. Jerry Barrs, Senior Product Manager at SS&C Black Diamond Wealth Solutions, explains how the company’s Rebalancer shifts portfolio management from account-level spreadsheets to household-focused automation. With upcoming UMA capabilities that will structure sleeves around client goals—retirement, education, vacation homes—rather than just asset classes, SS&C Black Diamond is rethinking what wealth management technology should enable advisors to do.