Slowly, Microsoft's Tablets And Phones Are Getting Adopted And That's Good News For The Vast Majority Of Advisors
Friday, May 03, 2013 18:05

While the torrent of information about advisor technology usually focuses on all of this really cool stuff, most advisors are using Outlook for email and Office for word processing, spreadsheets, and presentations. So you may be happy to hear that Microsoft's answer to Apple and Google is finally taking shape.

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According to a post on Forbes today, Microsoft Says Windows Phone 8 App Downloads Have Doubled And Revenue Up 140%, the number of app downloads doubled and paid app revenue was up 140% increase. Neither Forbes nor Micorosoft said over what period these remarkable results were achieved, but it respresents the almost daily drumbeat of good news coming out of Microsoft lately.



Whenever I speak at a conference, I ask advisors in the audience if they're using Windows to run their business. Last week, I was in Connecticut but it does not matter where I ask this question. The answers across the U.S. seem always the same. Maybe 10% of advisors have switched their businesses to Apple's operating system and fewer than 5% have switched to Google's operating system.


Advisors may use iPads on the road and love them. They may buy Android phones. But the software they use  to run their operation is Microsoft, and they're almost all are reliant on Outlook for email.



Apple's charge at Microsoft's domination among advisors seems to have peaked, and Google's effort at becoming a serious operating system that can compete with Microsoft in RIAs remains in its infancy. Meanwhile, Microsoft is finally offering some competition to iPads, iPhones and Android phones.

Windows 8 lets an advisor run a tablet, phone, and desktop using the same operating system. It's good for touchscreen and mouse navigation. It's a complicated platform but a powerful one, and Windows 8 is stable.

Point is, you don't need to spend too much time chasing down systems not integrated with Microsoft products. In the end, Microsoft will remain a reliable operating system for running an advisory firm and it is closing the gap in competing against tablets and phones from Apple and Google.







Just Released! Return On Technology White Paper
Monday, April 29, 2013 23:05

Tags: advisor technology | rebalancing | tax efficient investing | technology

Would you buy software that returns over 46 times the cost of the system? Would you pay for software that can net you an average of almost $600,000 of savings and revenue each year?  According to a new industry white paper, this describes the return on investment achieved by automating the portfolio rebalancing process.

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The report, “Measuring the Return on Technology Investment: Total Rebalance Expert” is an update to an earlier study on the cost savings, capacity increases and business development opportunities of using technology to streamline portfolio rebalancing. The report documents various areas of savings and revenue opportunities including,


  • Reduction of personnel hoursR
  • Reduction of errors
  • Greater quality control and consistency
  • Greater responsiveness to client needs and market changes
  • Greater tax efficiency
  • Increased client satisfaction
  • Increased client base and revenue


Based on these efficiencies and translating them into direct cost savings, increased capacity and incremental revenue opportunities, advisors can achieve on average $587,000 in savings and revenues, according to the report.


The white paper points out that “ most advisors attempt rebalancing using only rudimentary spreadsheets and hand calculationsWhen rebalancing by hand, advisors are limited by capacity. The advisor must choose between increased complexity and time-consuming calculations, rebalancing less frequently or even simplifying the calculations (for example, by ignoring tax saving strategies).


Despite the evidence of the benefits of automating rebalancing, the majority of advisors are not using a portfolio rebalancing technology solution.  According to several industry studies; the usage is less than 5-10% industry wide.  Based on the results of the study, use of automated rebalancing should be growing at an accelerated pace. The white paper clearly shows that advisors can feel comfortable in adopting rebalancing technology, knowing that it will pay them back many times over.


The report, based on in-depth interviews with TRX users and a quantification of the many benefits of automated portfolio rebalancing, is available on the TRX website: .

Windows XP Is Retiring
Wednesday, April 10, 2013 13:01

Tags: microsoft | Windows XP

As of April 8, 2014 Microsoft will no longer provide security updates, non-security hotfixes, free or paid support for Windows XP.

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Microsoft is urging current Windows XP users to take action to move off of this operating system. “before it’s too late.”  Windows XP will still work after April 2014; however running this system after the end of the support date can expose you to potential risks.  One such potential risk is a hacker finding a flaw in the system that gives them access to your computer.


Read more:

Publishing A Calendar Online
Friday, February 15, 2013 09:53

Tags: Microsoft Outlook | Microsoft Outlook 2010 | Online calendar

We have a client who works for two different companies and has two different assistants that manage his calendar. To help make managing his calendars easier he wanted both of his assistants to have access to both of his calendars.

By using the publish calendar online option in Outlook, the client is able to share both calendars with his two assistants.

Thank you Michael F for this tip!


Please view our YouTube video to learn how to publish your calendar online:


Let us know what you would like to see a tech tip on: 


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Using Calendar Overlay
Wednesday, February 13, 2013 09:18

Tags: calendar overlay | Microsoft Outlook 2010

We recently had a client who was working off of two calendars in Microsoft Outlook 2010. To make scheduling easier, he wanted to view both of his separate calendars as one calendar.

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By using the calendar overlay option in Outlook, the client is able to view both of his calendars as one. The client can also still view them as two separate calendars.


Thank you Michael F. for this tip!


Please view our YouTube video to learn how to use the calendar overlay:


Let us know what tech tips you would like to see:

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