I've spoken with several of the new prospecting companies now to find out what they do, how they do it, what they charge, etc. I'm wondering which of these you have tried / are using? What's been your experience?

https://www.xyplanningnetwork.com/advisor-blog/battle-of-the-bots-comparing-and-ranking-nine-ai-notetaker-solutions A pretty thorough review of several solutions...

HI! Does anyone use Snappy Kraken, and willing to share their experience? Thanks!

Just because a category exists doesn't mean you need a tool in it. :) Here's an example of a smaller tech stack: Staff: 3 AUM: $13mil (majority of revenue comes from planning fees) Custodians: Schwab CRM: Redtail Financial Planning: RightCapital Portfolio Management/Reporting: TAMP uses Envestnet Tamarac, adding Orion Document Management: Citrix ShareFile Website: Wix Investment Data/Analytics: RightCapital, TAMP Scheduling: Calendly Tax Planning: CFS TaxTools Fee Billing: AdvicePay Phone System: Google Voice Password Management: LastPass Archiving: XY Archive Compliance/Cybersecurity: SmartRIA Retirement Planning: Savvy Social Security Risk Tolerance: PreciseFP Data Gathering / Forms: PreciseFP eSignature: Docusign Advice Engagement: N/A (Don't use one) Client Meeting Support: N/A (Don't use one) SMS Texting: N/A (Don't use one) Workflow Support: N/A (Don't use one) Estate Planning: N/A (Don't use one) Email Newsletter: N/A (Don't use one) Digital Marketing: N/A (Don't use one) Advisor Lead Gen: N/A (Don't use one) Advisor Reviews: N/A (Don't use one) Education Planning: N/A (Don't use one) Liability Planning: N/A (Don't use one) Healthcare/Medicare Planning: Other (Not Listed) Behavioral Finance Assessment: N/A (Don't use one) Prospecting: N/A (Don't use one) Held-Away Assets: N/A (Don't use one) Community: N/A (Don't use one) Also, firm doesn't do marketing, new business comes from referrals...

I'm starting to talk with more tech founders these days, looking for a solution to solve for advisors. I've been asked a similar question twice in the past two days: "If you had unlimited money, what would you solve?" 1. Tech stacks are too complicated, advisors have too much tech, are paying too much, and are underutilizing what they have... so possibly a software/framework to manage the stack - you put in each tool you're using and what you're using it for and identifies redundancies, holes, opportunities to save money, and opportunities for additional training - then maybe pairs with a network of tech consultants to help solve specific problems 2. Integration - the data shared between the 15-20 tools in a tech stack needs to flow seamlessly. Like maybe there should be a financial planning data standard, and all tools are built with the same fields in the same structure so data can flow between tools more easily... like standardizing the traffic lights, rules, signs, lane widths, etc across the country Then... once that gets solved... advisors will have the money, capacity, time to adopt new and better solutions and ya'll can innovate to infinity and beyond.