These are just some of the clients that find our services of value. For small to medium-sized firms, we provide a cost-effective solution that will keep your business running smoothly and freeing advisors to concentrate on clients, sales or running and growing your business.
Still not convinced? Read on and and consider how Back Office Services offers an affordable alternative to hiring in-house staff or using expensive temp services.
With Back Office Services, you can contract for more hours during your busy season and less when things slow down. Add services when needed or drop them when they are not. And because we work remotely, there is no up-front costs for you other than our agreed upon fee. You hire us, we start. Its that easy!
While you might be able to hire someone whose hourly salary is lower than ours, you are also looking at paying for hours when you may or may not actually need the help. There's also the expense of payroll, insurance, benefits, taxes, equipment, furniture, IT -- not to mention the time it takes to advertise, interview and hire someone. A 2019 study conducted by SHRM found it takes an average of 42 days and over $4,000 to recruit and hire a new employee. Then it takes anywhere from eight to 26 weeks for a new employee to become fully productive.
Back Office Services is a much more affordable and flexible way to have in-house capabilities without the time-consuming, in-house expense.
YES! A lot better and efficiently than you might think! All broker/dealers, custodians, annuity and insurance companies now offer up-to-date forms online, e-signature options and electronic submission. With programs like Microsoft Teams, WebEx, Skype, Slack, etc. people can effortlessly stay in contact as if they were sitting in the same room. Today's digital phone systems can be forwarded anywhere and almost everything is stored electronically now. And if you prefer to do things the traditional way, we can do that too; with today's fax, email and overnight mail capabilities we can seamlessly integrate with your office.
While most broker/dealers will require their own background checks, for RIAs we provide our own background and credit checks. You will have confidence in our reputation from the start without the expense. We will also assist with onboarding our services with your custodian and vendors.