Benefits of Using IDT Software
The benefits of a KINGDOM ADVISORy firm
using the investment decision-making technology provided by IDT Software can easiest be placed into two categories – long-term benefits and short-term benefits. Let’s look at the long-term benefits first. Probably the most beneficial and most important to the firm and its advisers is the image of the firm.
How would the image of a firm be enhanced and by whom? How would the enhanced image benefit your firm?
Your clients. The clients of every adviser should receive the greatest benefit of anything that the firm does. However, receiving reports and being told that their long-term investment performance meets or exceeds your portfolios underlying benchmark is the benefit that most clients want most. Not because of the performance itself but because of what that performance achieves – secure retirement, early retirement, paying for college education, trips, charitable giving, on and on. It also reflects your competence. They can also benefit when their adviser has more time to spend with them learning about the deeper issues in their life that has nothing to do with money. These are the reasons a client wants to support their kingdom adviser by telling their story to others. This is like the person listening to a commercial and then thinking “this company is spending millions of dollars to get me back into their establishment when all they had to do in the first time was meet my needs”.
Other advisers. When your clients perceive an increase in the value of your services, performance, competence and relationships they tell other people in their lives. Eventually the media will discover you and pursue your input on many issues. When they share that information to the community other advisers and brokerage companies will discover you also. This may open the door for your firm to absorb other firms in a form of mergers and acquisitions. There are many advisory firms all over the country with aging principals. They are looking for other advisory firms to who will purchase their business. The most important factors are that the purchaser be able to deliver quality investment performance and solid personal relationships to their clients. Offering to conduct the monthly Kingdom Advisor study group in your area will also enhance your image and create a desire for others to want to join your firm. – a community KA firm.
Your staff. Another group of people that will be cheering from the rooftops about how great your firm is will be your staff. All employees want to work in an organization that is highly effective and efficient. It’s enjoyable and relaxing.
Another long-term benefit for using IDT Software is the potential for growth. The two primary growth channels are described above with explanations as to how this can occur. When your firm is structured to handle this growth in business, with lower staff expenses and more efficient technology, growth can be handled much easier and effectively. The firm also becomes more profitable.
Short-term benefits are:
You can lower overhead by requiring less staff and outside resources that provide investment and portfolio allocation models or recommendations.
The average time requirement to manage portfolios has been reduced with IDT Software to around five to thirty minutes per day. Of course, in large firms this could be a little more.
The stress level of determining the investment selections for your client portfolios is removed when IDT Software is allowed to make the selections without the emotions of fear and greed.