Top firms thrive when they achieve true independence. There’s no better time than now to break free from closed technology ecosystems and legacy workflows, especially when it comes to your portfolio management and trading systems.
Getting caught up in restrictive platforms, or what’s sometimes referred to as closed or restricted architecture, can be a major impediment to growth and can dampen competitive advantages.
Organizations with a strong innovative culture are able to better automate, exercise greater control over their processes and decisions, and stay more agile in the midst of rapid market changes. They’re leaping over their legacy-laden competitors. That’s because bad tech isn’t just a headache, it’s actually responsible for lost business.
Leave closed ecosystems and lock-ups behind. Transform your business and break free from the trap of yesterday’s trading systems and portfolio management technology.
The future is independent — at least it is for top growth-oriented firms.
Large organizations that direct their technology spending into accelerating their competitive differentiators, and embed independence into their operating models, are enjoying outsized digital transformations and outperforming their weaker competitors.
Firms that invest in the latest trading technology are able to more easily manage customized portfolios; avoid vendor lock-up; execute strategic, large-scale rebalances; and master tricky tactical household adjustments. In fact, technology has been described as a “critical enabler” for an efficient, growing business.
Here’s why embracing independence and breaking free of ecosystem traps is a key differentiator for today’s top enterprises.
Connectivity and Automation
It turns out that independence is not only good for your firm, it’s good for your clients, too. To get the most from your portfolio management system, you need seamless integrations and easy-to-use functionality across your platform.
Organizations that centralize their data sourcing and demand up-to-date information from their vendors are well-positioned to better serve their clients. They can automate trading and post-trading with electronic access to a range of custodians and brokers, especially when connected to robust networks like the Flyer Trading Network.
Industry leaders are investing more than their peers in cutting-edge technology, including cloud capabilities. Cloud-based tools provide better trading experiences, especially when paired with top-end APIs.
Firms that use cloud-based trading and portfolio management systems can reduce their tech spend and operational overhead, as well as maintain bespoke solutions for their clients.
Break Down Closed Architecture
Otherwise well-positioned firms can quickly find themselves tangled up in a web of bad technology. Organizations might discover that their data is not as portable as they imagined; that they’re putting their business at risk by relying on overpromised, under-delivered solutions; or that platforms that were once convenient are now slowing them down.
Data
Data is valuable, so having the ability to move data from one system to another is paramount. Legacy technology providers might slow down the movement of data, or make it difficult to utilize or centralize, keeping you from realizing your full potential. It’s a source of frustration for advisors, who want to better integrate data across platforms, as they strive to provide better service and support.
Vendor
When firms become overly dependent on a vendor, without diversifying their technology or demanding that their vendors provide the best-in-class solutions, they’re ramping up their business risks. That’s because companies that are locked into legacy vendors might have trouble migrating to better solution providers or updating proprietary systems and workflows.
System
Some legacy players promise the world, without even delivering a portion of it. These ecosystem providers may offer convenience, but if they aren’t delivering on the experiences they promised; the security they sold; or the services they guaranteed, they’re restricting your firm from flying at your pace. Breaking free from system-lock can reinvigorate your business and provide new avenues for growth.
Defend Your Independence, Unlock Your Potential
Unlocking your firm’s full potential means equipping your advisors, traders, and money movement specialists with the right trading and portfolio management systems. It’s no secret: elegant personalization, effortlessly managing the most complex portfolios and trading scenarios, and out-innovating your competitors comes down to picking the right enterprise solutions.
With Flyer, your firm can scale as-needed, enabling you to handle even the most onerous transaction volumes. The flexibility we offer is unparalleled. Our platform is able to accommodate custom client preferences that fits your management style. We also offer full integrations with existing CRM, trading, and custodial platforms, as well as cash management features that are must-haves for today’s most advanced financial advisors.
Leverage true independence with Flyer. Join us as we help leading enterprise firms redefine their trading capabilities and break free from the closed ecosystems that have been holding them back. To learn more, schedule a demo today.
