This just in: CEO Chris Shuba on Schwab Network

In the fast-paced world of financial advising, time is indeed money. The age-old adage of “working smarter, not harder” resonates deeply, yet implementing this strategy can feel like an elusive pursuit. The question remains: How can financial advisors streamline their operations to achieve optimal efficiency without sacrificing quality?

The answer lies in recognizing and addressing the biggest time drains facing the industry. The list of potential distractions, from administrative tasks to compliance requirements, is extensive. However, there are practical solutions to reclaim your time and refocus on what truly matters — serving your clients and driving business growth.

Let’s explore how you can conquer your time wasters.

Heavy Lifting: Delegate & Focus on Client Service

Critical data research, portfolio management, and meeting compliance and regulatory requirements are part of the day-to-day chores in financial management services. Like other peripheral tasks, they take time and attention from providing optimal client services. These tasks are not easily automated, but they can be outsourced.

Top producing financial advisors spend1 at least half their time with clients and prospects. They spend twice the time on client service and less time on functions such as portfolio management, research, due diligence and trading. 

Enter Outsourced Chief Investment Officer (CIO) services, such as Helios. Working with an outsourced CIO provider seamlessly integrates strategic guidance, compliance, portfolio oversight and cutting-edge technology and research into a firm’s internal team, allowing advisors to focus on providing better client experiences while outsourcing time-taking tasks.

Maintaining compliance is a cinch with a partner who does the heavy lifting. At Helios, our proprietary Confidence Rating Process — which delivers quantitative answers for thousands of mutual funds, ETFs, stocks, models, and portfolios — enables you to streamline investment committee meetings and material preparation while maintaining organized documentation of due diligence and fund research. 

Continuous Learning for Continued Success

Staying abreast of trends is important in every industry, none more than financial management and advisory services. Financial advisors who value advanced education and continuing professional development will be able to speak more authoritatively about financial matters with their clients and realize increased trust and satisfaction from them. Staying ahead of industry trends leads to better compliance with regulations and best practices. How does a busy financial advisor fit professional development and continuing education into an already full schedule?

Prioritize. Make a commitment to education and professional development. Look again to time management to set goals for each project. Assign time to tasks and minimize distractions. Learn to say no to keep yourself on track.

The Takeaway: Invest in Yourself, Invest in Your Clients

Key time wasters affect both your bottom line and your client relationships. These tasks include administrative tasks and paperwork, client onboarding and documentation, market research and investment analysis, portfolio management and rebalancing, compliance and regulatory requirements, client communication and relationship management and professional development and continuing education.

Outsourcing non-core tasks to specialized providers like Helios optimizes time management and enhances overall productivity. It also provides cost savings and risk management, drives quality improvement, offers flexibility and scalability and increases efficiency, all while improving client relationships. A few examples: 

Streamlined Analytics Access

Gone are the days of spending countless hours dissecting analytics. Helios provides access to quantitative answers for thousands of mutual funds, ETFs, stocks, models, and portfolios, allowing advisors to make informed decisions quickly and confidently. This eliminates the need for extensive research, freeing up valuable time for client engagement and strategic planning.

Tailored Investment Models

One size does not fit all in financial advising. With Helios, advisors can effortlessly customize investment models to meet their clients’ unique needs. By delivering deeper value through personalized strategies, advisors can cultivate stronger client relationships, drive increased referrals, and ultimately boost revenue.

Comprehensive Support Infrastructure

Helios doesn’t just offer technology — we provide a holistic support infrastructure to streamline every aspect of your practice. From decision-ready holdings analysis to portfolio technology, client communications, compliance documentation, and team training, our services are designed to optimize efficiency across the board.

Outsourcing Time-Intensive Tasks

Delegating time-intensive tasks, such as data research and portfolio management, to an outsourced CIO provider allows advisors to focus on what they do best — serving their clients. By offloading these responsibilities, advisors can devote more time to client service and business development, ultimately driving growth and profitability.

Investing in Ongoing Learning

Continued professional development is essential for staying ahead in the financial advising industry. Helios supports advisors in this endeavor by providing access to cutting-edge research and industry insights. By prioritizing education and staying abreast of emerging trends, advisors can enhance their expertise and deliver greater value to their clients.

The Takeaway: Partnering for Success

As growth becomes the outcome, Helios doesn’t just keep pace; our partnership capabilities seamlessly expand with your firm’s evolution. That’s why Helios has reimagined the outsourced CIO model – we’re an INsourced CIO. We partner with our clients to ensure you always have the support required to deliver world-class asset management to your clients. We wouldn’t have it any other way.  Our comprehensive suite of services is designed to evolve with your firm’s needs, ensuring that you always have the support required to achieve your goals. Together, we can unlock new levels of efficiency and effectiveness in financial advising. Let’s embark on this journey toward success together.