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How One Firm Upgraded Legacy Technology Platforms
Implementing Advyzon allowed TFG Advisors to refocus their efforts on
business growth and client service
- Registed Investment Advisor
- 6 Team members
- $250 AUM
Like many firms, TFG Advisors found themselves using legacy technology solutions even though new, cutting edge tools were now prevalent in the marketplace. As TFG fell under new management, they began looking for alternatives to their outdated technology so that they could consolidate their systems, improve efficiencies, have a better integration with their custodian and provide their clients with an online portal. With Advyzon they were able to find a single technology partner to support their firm and refocus their efforts on client service and growth.
The Challenge
As TFG Advisors’ ownership changed, they wanted to upgrade their technology. Their existing legacy technology didn’t offer the cutting edge benefits and flexibility offered by many of the newer platforms. They knew they needed a technology partner that would allow them to not only consolidate their existing technology systems, but migrate all of their history. The goal was to streamline these back office tasks to allow the staff to have more time to focus on their business and clients.
Offerings
- Personalized life and wealth management advising
- Goal planning
- Portfolio design and analysis
- Tax services
- Insurance and estate planning
“We love everything about Advyzon, but the best thing is the service that they provide. We know that we can reach out any time issues come up and they will be resolved in a timely fashion.”
Tim Atkinson
Chief Compliance Officer, TFG Advisors
The Solution
The Advyzon team was able to use the information to understand TFG’s situation and ensure both their current and future needs would be met.
By switching to Advyzon, TFG was able to accomplish their initial goal of a single technology platform for their practice. Having all of their account and CRM data in a single system gave them the ability to streamline processes and focus more of their time servicing clients rather than dealing with their technology.
The Results
By partnering with Advyzon, TFG has been able to scale their business and provide a better service experience for their clients resulting in increased AUM and revenues.
With Advyzon taking care of the daily import and reconciliation process from multiple custodians and data sources, TFG’s accounts are now updated on a timelier basis which allows them to open up client access to their data via Advyzon’s integrated client portal.
TFG formerly spent multiple days on their quarterly reporting and billing processes, but by utilizing the tools available within Advyzon, these tasks are now completed in less than a day.
Advyzon Key Benefits
- Personalized life and wealth
management advising - Goal planning
- Portfolio design and analysis
- Tax services
- Insurance and estate planning