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    16 Sep, 2021

    Operations and Administrative Tasks Got You Down?

    Freedom Advisors has you covered with a cutting-edge system and a staff of skilled professionals at your service.

    Outsourcing non-advisory activities to a turnkey asset management platform (TAMP) places those essential responsibilities in the hands of dedicated and skilled professionals, giving you the time and space to focus on what you do best – helping your clients reach their financial objectives.

    The right outsource partner can provide the technology, processes, and expert staff to handle on your behalf the tens of thousands of tasks involved with successful portfolio management, from manager search and due diligence (initial and ongoing), establishing capital markets assumptions followed by asset allocation modeling, investment model design and creation, portfolio construction, performance reporting and communication, ongoing oversight and rebalancing, and much more. But often the most time consuming and challenging aspect of running your practice is operations and administration.

    Account Administration with Freedom Advisors

    As you know all too well, back-office operations and administrative functions are extremely important in managing your clients’ accounts and portfolios. These functions, however, can be real time thieves, and that is why it makes sense to outsource.

    Of course, your client portfolios are in accounts that must be set up, funded, and carefully maintained over time. Here again are thousands of tasks across your client base in the course of a year, from account set up, integration with the custodian, funding from bank wires to transfers, and ongoing maintenance such as changes to address, name, and beneficiary. Then there is the continuous stream of cash flow in and out of the accounts including additional one-off deposits, dividends, interest, systematic investments, one-off withdrawals, and systematic withdrawals, some of which are time sensitive, such as required mandatory distributions.

    Freedom Advisors provides premier account administration services, including among others:

    • Account Opening: Fully integrated account opening workflow right from your client’s household view in your privately branded instance of the Freedom Advisors platform through to your chosen custodian to get the account set up easy and accurate. This includes funding the account whether by bank wire, ACH, or transfer of assets from other investment accounts. The Freedom Advisors service team manages the entire process.

    • Trading: Reliable, efficient execution of trades from initial portfolio construction to cash flows to rebalances.

    • Reporting: Comprehensive and flexible reporting for your practice and individual client reporting that can be customized to meet your requirements.

    • Reconciliation: Data files from custodians and aggregation services are processed daily, ensuring you always have up-to-date information.

    • Aggregation: Assets held in outside accounts like 401(k) and 529 plans are captured and aggregated regularly.

    • Billing: Monthly billing in arrears processed automatically and audited by the expert Freedom finance staff ensures accuracy and timely payment to you, your firm, the custodian, and investment managers.

    What This Means to You

    The administrative end of portfolio and account management requires specific protocols and actions to ensure accuracy in trading and maintenance and the required information creation and dissemination. Our large, dedicated, expert staff has the experience and business knowledge to handle all these back-office and account administration tasks for you while keeping you informed real-time.

    Outsourcing: More Efficient than In-House

    The decision to outsource some or all time-consuming and complex operational and administrative functions, investment due diligence, and portfolio construction and management to the right partner who knows you and your practice is the quickest and easiest way to scale your practice and free you to spend your time where you can have the greatest impact and make the biggest difference.

    The Right Outsource Partner

    When the right partner gives you the confidence to outsource these important, time-consuming functions, you are freed from the burdensome operational and administrative requirements.

    So, which is the right partner for you? We believe Freedom Advisors is that firm. Large enough and experienced enough to provide all the systems, programs, and services to address your needs, but small enough to know you and your advisory practice. Every advisor’s business matters to the Freedom Advisors team. Your business, your needs, and your opinions matter.

    We trust you have found this discussion helpful in providing insight on the services you can outsource. If you would like to learn more about Freedom Advisors and what we can do for you, give us a call at 800-949-9936.

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    Advisory services are offered through EQIS Capital Management, Inc. ("EQIS"), a registered investment adviser. EQIS does not provide tax or legal advice. This is intended for informational purposes only and should not be considered an offer to sell securities or provide investment advice. Other sources may be available which contradict EQIS’s opinion, process, and methodology.

     

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