Reporting is probably one of the most important "deliverable" your advisor can provide.

Building on the prior two posts about an RIA firm's "Tech Stack" investments, the link below goes deeper into a critically important software solution - reporting software. The reports generated by this type of software help clients determine whether they are indeed making progress toward reaching their financial goals. This software allows clients to monitor the progress toward their financial goals on a 24/7, quarterly, or any periodicity of their choosing.

Please be sure your advisor has made significant investments in both:

a) the time necessary to learn all aspects of how this software can help clients and

b) the money necessary to purchase a robust reporting solution vs. "me too", generic solutions.

Your advisors experience and knowledge will also play a critical role in their ability to deduce and explain the key information these reports produce. Acting in a timely fashion on the information contained within these reports can significantly influence the success of reaching your financial goals.

Go Deeper - learn more about "2023 RIA Tech Survey: RIA Portfolio Management and Reporting Systems".