While the prospect of starting a new firm may be daunting, setting up your technology may be easier than it seems. An iterative, requirements-based approach allows new firms to hit the ground running and adapt as they go.
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Key Insights
- Don't let tech hold you back: A simplified approach eases concerns that can otherwise keep advisors from following their preference to start their own firm.
- Capabilities to prioritize across three phases: We've provided a high-level plan that shows which solutions a new firm needs, as well as when they need them.
- Qualities and features to look for: Certain screening criteria can help advisors to select individual solutions that work well with this approach.