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
Focus Financial Partners Has Initiated A Trademark Infringement Lawsuit
Focus Financial Partners has initiated a trademark infringement action following the departure of three advisors who left the firm’s network to join a competing RIA platform.
Goolsbee Underscores Near-Term Risks In Overestimating AI Productivity Gains
For wealth advisors and RIAs navigating today’s macro landscape, the conversation around artificial intelligence and its potential economic impact demands a balanced, forward-looking perspe