For RIAs, efficiency directly impacts growth. The faster you can qualify leads, onboard clients and open accounts, the more opportunities you create to serve clients and expand your firm.
Technology adoption is no longer optional. Clients expect a digital-first experience from every service provider in their lives, and advisory firms are no exception. RIAs that lean on outdated tools or attempt to build technology in-house often lose valuable time while competitors deliver a smoother, faster and more scalable experience.
Here are three areas where rapid tech adoption directly influences your ability to grow.
Client Experience Shapes Growth
Every client interaction either strengthens trust or erodes it. Investors who encounter delays during onboarding are quick to notice. Research found that clients expect digital onboarding within 6–12 months. They don’t have time to wait for a firm to build technology in-house to keep moving toward their financial goals.
Nearly half of investors will abandon digital RIA client onboarding due to a poor experience. Clients who already use modern digital platforms for travel, retail and healthcare expect the same from their financial advisor. A consistent, seamless onboarding process is the standard. RIAs cannot afford to rely on outdated PDFs or homegrown systems that lack scalability. When onboarding feels slow or clunky, it not only risks the new relationship but also sends the message that the firm is not future-ready.
Advisor Satisfaction Depends on the Right Tools
Advisors join the profession to work with people, not to troubleshoot technology. When firms delay adoption or rely on internal builds, advisors are forced to manage tasks in inefficient systems while their peers at other firms leverage modern solutions.
Technology that arrives late or underdelivers causes frustration. By contrast, adopting proven, ready-to-use solutions allows advisors to focus on building client relationships and providing strategic guidance. This makes advisors more productive and satisfied in their roles. Technology is one of the top priorities for financial advisors, particularly for the younger generation of advisors entering the industry. For firms competing to attract and retain top advisor talent, this is a decisive factor.
Growth Potential Requires Speed
The RIA market is expanding quickly and competition is only getting tougher. Firms that focus too much on building internal technology often discover that by the time their solution is complete it is already outdated. AI and automation tools are advancing faster than in-house development can match.
Every month spent building is a month where growth slows. Firms that adopt existing solutions instead of reinventing the wheel see results faster. Buying a proven platform can launch four times quicker than building one, giving firms more time to grow their client base and strengthen existing relationships.
Why PreciseFP
Rapid tech adoption does not mean sacrificing quality. It means choosing solutions that are proven, deeply integrated and trusted by leading firms. That is where PreciseFP comes in.
PreciseFP is award winning data gathering software with rave reviews for setting up offices as premier firms. It integrates with more than 40 partners, often sharing over 200 fields, to eliminate manual data entry and deliver a seamless client experience. Firms use PreciseFP for risk tolerance questionnaires, service agreements, document delivery, e-signatures, Form CRS and disclosures, lead generation, financial planning, and new account opening. Clients can review prefilled forms and provide missing details upfront, so firms never have to chase down critical information like driver’s license numbers.
Click here to download our Stop Paying, Start Buying guide to see how firms move faster with less risk.
