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Knowledge Bank

Financial industry news and events for RIAs.

2 min read

Industry Veterans Weigh In – The Practical Applications of Data for Your RIA

Mar 25, 2022 9:56:04 AM

Download our On-Demand Webinar, White Paper, and Data Worksheet

Are you ready to unlock the power of data for your RIA? First things first, let’s figure out what data you have access to and what data your firm actually owns?

Joel Bruckenstein, president of Technology Tools for Today, and John O’Connell, founder of The Oasis Group, joined TradePMR’s Rob Dilbone, Managing Director, to answer advisors’ questions on data, including:

  • How can advisors view their data more strategically?
  • What is the value of data in providing a better client experience?
  • How can data drive a higher valuation for your firm?

Data can be critical in facilitating your RIA’s growth, enhancing your client service, and improving your valuation. But what data specifically, and how can you use it? Joel and John look to answer these questions and more in their recent white paper and webinar.


Understanding the Value of Your Firm’s Data

Before you start to look at the data, you need to figure out what data you have. Not all third-party vendors approach data the same way. While TradePMR believes that advisors should own their data, not all vendors feel the same. The white paper and webinar dive into TradePMR’s data policies, and how those policies may differ from some of your other providers.

So, how can you figure out what data those other vendors are willing to provide? We’ve got you covered. Download our data worksheet which includes questions you can bring directly to your vendors.


While the wealth management industry has been relatively slow to adopt client data analysis, other industries have not.

In the webinar, Joel Bruckenstein points out, “Amazon probably knows more about me than just about anybody. And every time I buy something from them, literally within seconds, they're updating the suggestion engine based on the updates to my history, right? Well, advisers can do some of the same things, right?

What if you could leverage these in-depth insights to improve your client communications? What if you could automate your processes to anticipate your clients’ needs before they know them? The biggest firms in our industry are making headway, it could be time for your RIA to join them.

If you’re interested in learning more about how TradePMR approaches data, we should talk.


Written by TradePMR