The Technological Components of a Successful PFP Practice 

    Because personal financial planning firms vary greatly in size and in their business approach, it is important to understand that there is no "one size fits all" technology solution. On the contrary, the technology needs of a firm will be dictated by a wide variety of factors, including the firm's business model, size, client profile and goals. Although arriving at the proper technologies for your firm can be difficult, failing to leverage technology is not an option.

    Read the article Building Blocks encompassing the technological components of a successful PFP practice or select a specific topic from the list below. Or download the complete version of The CPA's Guide to Technology in a PFP Practice.

    Brought to you by Joel Bruckenstein, a nationally recognized expert in the fields of technology for financial advisors, practice management for financial advisors, financial planning and investment management. Common themes in Bruckenstein’s writing include practice management strategies for the independent financial advisor. 

    Watch a video on the best financial planning technology tools.

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    CPAs Guide to Technology in a PFP Practice

    Guide A look at the essential technology components of the efficient personal financial planning firm.
    Published on January 18, 2013

    Technology Implications of Custodians

    Overview Discover why the custodian you choose for your clients' assets can have technology implications.
    Published on January 15, 2013

    General Office Productivity Tools - Computers

    Overview General office productivity tools are those technology tools common in any knowledgeable worker's environment today. This category can further be divided into hardware and software tools.
    Published on January 15, 2013

    Office Productivity Tools - PDAs and Smartphones

    Overview Learn the benefits and draw-backs of using PDAs and Smartphones when it comes to managing your practice.
    Published on January 15, 2013

    General Office Productivity Tools - Email

    Overview Email isn't just email for personal financial planners. At a minimum, to meet state and federal regulations pertaining to registered investment advisers, you must think about retention policies and privacy issues, as well as archiving, retrieval and disaster recovery issues.
    Published on January 15, 2013

    General Office Productivity Tools - Customer Relationship Management Software

    Overview Learn about the costs and benefits of industry-specific customer relationship management software for personal financial planners versus generic software.
    Published on January 15, 2013

    General Office Productivity Tools - Note-taking Software

    Overview Learn about note-taking software for notes that are client-related and for notes that are not.
    Published on January 15, 2013

    Office Productivity Tools - Printers, Copiers, Scanners and Fax Machines

    Overview Learn about the specific types of office machines that will improve the efficiency of your practice's back-office operations.
    Published on December 14, 2012

    General Office Productivity Tools - Office Suite

    Overview The MS Office suite of software extends beyond word processor and spreadsheet programs. Learn the most important factors when considering the purchase of office productivity software.
    Published on October 05, 2012

    General Office Productivity Tools - Document Management Systems

    Overview Managing your client's files is more than just using a filing system; consider digital filing systems, retention policies, security, disaster recover and authentication.
    Published on October 05, 2012

    Other Technology Considerations

    Overview Discover other opportunities where technology can save you time and money in your financial planning practice.
    Published on April 27, 2011

    Portfolio Rebalancing Software

    Overview Rebalancing software for client portfolios can be less time consuming and less expensive than you think.
    Published on April 27, 2011

    Selecting the Right CRM Application for Your Firm

    Article In the technology overview portion, we stated that CRM software may be the single most important software application within your firm. If CRM software is not playing a critical role within your firm you are either using the wrong product or you are not using the product you have properly.
    Published on April 26, 2011

    Financial Planning Software Technology

    Article This article by Joel Bruckenstein explores software technology related to personal financial planning.
    Published on April 19, 2011

    Portfolio Management and Accounting Software

    Article Portfolio management and performance reporting systems play a major role in most PFP practices; many would argue that they play too large a role. Why? Because PFP is a long-term, ongoing process that has little if any relationship to short term investment performance. Although most knowledgeable PFPs constantly preach this
    Published on April 19, 2011

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