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Rushmore Advisor Services Releases its RIA Practice Management Platform

Submitted by Technology Tools for Today on February 13th, 2015


Today, at the 2015 Technology Tools for Today (T3) Advisor Conference,  Rushmore Advisor Services (www.rushmoreadvisor.com) officially announced the release of its online practice management platform for registered investment adviser (RIA) firms.

Rushmore’s platform is a customer relationship management (CRM), portfolio management, account aggregation, financial planning, regulatory compliance, and document storage software-as-a-service (SaaS) solution constructed within an enterprise-grade cloud computing platform. Some of Rushmore’s key features include an automated personal balance sheet that reflects the aggregated values of an investor client’s asset and liability accounts and a billing system that computes investment advisory fees using the average-daily-balance computation method.

“We believe that centralization and organization of all client data in a secure, cloud-based system is fundamental to the advisor’s delivery of excellent client service,” said Matt O’Brien, General Manager of Rushmore Advisor Services, “The strength and sophistication of leading open-architecture computing platforms and recent improvements in the financial data aggregation space make it possible to deliver large-company technology tools at a price that independent RIA firms can afford.”

O’Brien further states that “Despite the ubiquity of integrations between various CRM, reporting, aggregation, and financial planning software solutions, advisors must typically make tradeoffs between the tightness of integrations and component functionality. Our solution provides a truly unified repository of client data and a feature set that comprehensively supports the business processes carried out at a fee-based advisory firm.”

In addition, RIA in a Box, the parent company of Rushmore Advisor Services, has developed a special integration that exposes its MyRIACompliance technology to advisers using the Rushmore practice management platform. “Rushmore’s fusion of client CRM and portfolio management data presents a unique opportunity to offer independent advisers an automated, proactive regulatory compliance monitoring system that has previously only been available to large financial institutions,” said GJ King, President of RIA in a Box.

About Rushmore Advisor Services
Rushmore Advisor Services provides a cloud-based practice management platform to registered investment adviser firms. Rushmore Advisor Services is a division of RIA in a Box LLC.

About RIA in a Box
RIA in a Box is a leading provider of regulatory compliance and technology services to registered investment adviser firms. RIA in a Box has helped over 2,000 fellow entrepreneurs establish their own RIA firms and remain in constant compliance with regulatory guidelines by pairing a team of former regulators with cutting-edge compliance software.

 

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