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You already know the 80/20 rule. Here's how you can apply it not only to your clients but your operations.

The trick this VC used when talking to entrepreneurs

Friday, October 29, 2010 – 3:38 AM by Andy Rachleff, Guest Columnist
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Andy Rachleff: Don’t stand for closed systems. No one in Silicon Valley would. Why should you?

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Mentioned in this article:

Portfolio Management System
Top Executive: Andy Rachleff

Jim Cannon

Jim Cannon

October 30, 2010 — 1:00 AM

Excellent post. I could not agree more with the advice to advisors to focus on what you do best and outsource the rest. We see too many advisors and firms attempting to put together the pieces of puzzle necessary to operate an RIA and struggling to establish and continue to operate the infrastructure they need. Without substantial scale and resources to insource technology, operations, investment management, and compliance, operators are faced with on-going challenges.

Brooke Southall

Brooke Southall

October 30, 2010 — 4:29 PM

In my day to day reporting for RIABiz, I am seeing more and more outsourcing by advisors. I attribute it to both the rising quantity and quality of outsourcing services available and to the growing understanding of RIAs about its importance. Some of this understanding can be attributed to wirehouse brokers who were accustomed to entrusting giant de facto outsourcers — their employers.

I like that Andy used hedge funds as an example in this article.


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