Are your advisors spending more time wrestling with technology than actually serving clients? As wealth management firms grow, clinging to a patchwork of cobbled-together systems might turn into your biggest operational liability.
Most firms start with a handful of disconnected tools that seem “good enough” for the moment. But what begins as a minor inconvenience eventually transforms into a major business constraint. Like applying bandages to a serious structural problem, these temporary fixes won’t prevent the inevitable breakdown when your firm scales beyond what your current systems can handle.
As you’re managing multi-custodial household rebalancing, fractional shares, tactical trading, and cash sweeps, you need more than just a collection of disjointed platforms – you need a cohesive, scalable portfolio management solution (PMS) designed to grow with your business.
And yes, you can have it all—in just one platform. But too many firms are still making excuses for their outdated trading technology.
It’s no longer necessary to weigh reliability against speed-of-execution. And forget about the workflows that require running an order through three or more different solutions, just to make and manage a single trade.
Are you missing the warning signs? Here are five legacy platform issues that indicate it could be time to upgrade your trading platform, overhaul your workflows, and prepare for a faster, more efficient portfolio management experience.
Fractional Frustration
If your portfolio and trading platform’s fractional share trading features don’t work well—or are nonexistent—it’s time for a change. A comprehensive portfolio management solution that can tackle these key rebalancing and trading functions is now table stakes for modern enterprise RIAs.
Flyer’s advanced portfolio solutions amplify operational efficiency and ensure adherence to the latest regulatory standards, as well as provide advanced workflow optimization and sophisticated trading results.
It doesn’t matter how large—or fractional—your trades may be; turn your fractional frustrations into an opportunity to outperform.
Asset Opportunity Blind Spots
Are you missing the complete picture of your clients’ financial universe? Most advisors only see what’s directly under their management.
Upgrade your portfolio management system to seamlessly aggregate assets across multiple custodians, providing a comprehensive view of your clients’ entire investment landscape. This holistic perspective reveals previously invisible opportunities for meaningful, organic conversations about external assets that could benefit from your expertise, naturally expanding your AUM.
Money Market Misery
Are manual workflows holding you back from efficiently managing client cash allocations? Automate your money market sweeps and make the most of every dollar.
If your trading platform doesn’t treat money markets and Treasuries as part of your account’s cash allocation, it’s time for a new solution.
Instead of manually buying or selling cash positions at the end of the day, Flyer’s Co-Pilot automates these transactions, seamlessly integrating them into the trading process. That means no more manual workflows; giving you more time to work with clients, not spreadsheets.
PMS, OMS, EMS…WTF?
If you’re constantly swiveling between different systems that are designed to manage your portfolios, your orders, and the executions of your trades, you’re due for an upgrade. Each new specialized system you add creates another silo that requires manual connections, duplicate data entry, and constant context-switching..
Consolidate your critical investment functions onto one cohesive platform. Flyer’s unified solution enables percentage-based trading, security swapping, position locking, and trade adjustments without forcing you to juggle multiple disconnected systems. With all the capabilities you need in a single system, you eliminate costly errors, operational inefficiencies, and the cognitive drain that comes from constantly switching contexts.
Feature Fractures
Adding more technology isn’t the answer to operational or efficiency challenges. Disparate systems that don’t communicate seamlessly only cause additional friction.
But an open API platform built to simplify complexity alleviates the burden of technology silos. As the back-end powerhouse for hundreds of the top RIA platforms today, Flyer’s integration capabilities create a cohesive ecosystem where all your existing technology works in harmony. The flexible architecture doesn’t require you to replace or add to your current systems; it just enhances them by serving as the connective tissue that brings everything together.
Flyer: A Modern RIA Technology Platform
Flyer’s cloud-native, API-driven platform is designed for the modern advisor. It’s designed for traders who need serious speed, without sacrificing innovative features or cutting corners on strategy.
Is your system flashing warning signs? Say goodbye to legacy limitations.
Learn how you can fly at your speed, with a modern trading solution, and schedule a demo today.
