Winning the Wealth Management Race: Streamlining Advisor Workflows with Here Enterprise Browser

Wealth management is crucial for many financial institutions, but it's time to transform how advisors work. While markets, client expectations, and the competitive landscape have evolved, many firms still rely on outdated processes that haven’t kept pace with modern demands.

Today’s advisors are weighed down by fragmented workflows. They are constantly forced to switch between disconnected applications, manually re-key data and spend valuable time on administrative tasks instead of serving clients. Rising fee pressures and an arms race for top talent only add to the mounting pressure.

In an industry built on trust and precision, inefficiencies like these aren’t just frustrating – they’re costly. Wealth managers who fail to modernize risk losing top advisors and falling behind as competitors embrace technology to power advanced workflows. The solution isn’t to rip and replace legacy systems, but to connect them in a way that makes work frictionless. An enterprise browser custom-built for work provides the application interoperability and efficiency these firms need to stay ahead of the curve.

Let’s explore three key ways wealth management firms can leverage this modern technology to create a more seamless experience for advisors – and, as a result, future-proof their business.

Attracting and Retaining Top Talent through Modernization

The competition for top wealth advisors has never been fiercer – and technology is now a key recruiting tool. The pandemic accelerated this shift, prompting many advisors to rethink how, where and with what tools they want to work. Increasingly, they’re choosing firms viewed as tech-savvy and flexible – i.e., companies that offer modern work platforms over those that rely on cumbersome processes. Firms like LPL Financial are already reaping the benefits of smart tech investments. Those that fail to follow suit risk losing their most valuable asset: their people.

Today’s war for talent shows that retention is no longer just about compensation or professional development opportunities. Advisors demand intuitive, scalable tools that eliminate day-to-day friction and help them deliver exceptional client experiences. This is not only a need, but a want. Advisors want to be empowered by their technology and tools — not constrained by their tech stack. Paper-intensive processes and fragmented systems bog teams down in repetitive, manual work, making it harder to deliver and communicate results.

Interoperable desktop technology is key to keeping talent aboard. Particularly in the wealth management space, interoperable browsers can offer a holistic view of market activity, risk and trading opportunities. By connecting tools across the entire advisor journey – from prospecting and onboarding to money movement and funding events – firms can reduce administrative overhead and align with rising employee expectations. Ultimately, this enables advisors to focus on what they do best: serving clients and growing their book.

Tackling Fee Pressure with Tech-Driven Efficiencies

Fee compression remains one of the most pressing challenges in wealth management today. Fixed costs are rising, while market forces and client demands are pushing firms for lower fees. For smaller advisors – particularly those managing less than $200 million in assets – this squeeze can threaten the viability of the entire business. Legacy approaches that may have worked with a lean team and modest AUM are quickly becoming unsustainable.

As a result, wealth managers are demanding more cost-effective and scalable infrastructure, resulting in increased consolidation and tighter partnerships among wealth-tech vendors. An enterprise browser purpose-built for financial workflows can play a key role in helping firms navigate this shift. By enabling existing tools – order management systems, market data feeds, client portals, visualization and charting apps – to share data and work together seamlessly, firms can avoid costly technology overhauls and unlock new efficiencies with their current stack. Advisors spend less time managing disconnected systems, while firms can reduce operational costs without sacrificing functionality.

In a fee-compressed environment, the firms that thrive will be the ones that aggressively modernize to cater to the needs of advisors – streamlining operations, controlling costs and freeing up resources to focus on growth.

Maximizing Advisor Productivity and Flexibility

Today’s advisors juggle a wide range of priorities – monitoring markets, managing client portfolios, analyzing performance and staying compliant – often across dozens of disparate apps and systems. While these tools are designed to streamline workflows, speed bumps like constant context switching and duplicate data entry lead to inefficiency and burnout.

The answer isn’t another slew of apps – it’s smarter integration and connectivity on the desktop. Enterprise browsers help unify wealth management workflows by enabling applications to communicate with one another, securely sharing context and intent in a permissioned manner. Instead of replacing familiar legacy tools, these browsers create a customizable, modular workplace where existing vendor and in-house apps work in concert.

This approach enables firms to tailor workflows to advisor needs while maintaining compliance and control. It’s especially powerful for smaller firms that need to deliver an experience on par with larger competitors. According to Schwab’s 2024 RIA Benchmarking Study, top-performing firms – who are more likely to use digital workflows – spent 25% less time annually per client on operations.

Whether it’s making a trading decision, closing a deal or preparing for a high-stakes conversation, every second matters in wealth management. Streamlined, interoperable tech removes the friction that slows advisors down – empowering them to be more productive and client-focused each day.

The Future of Wealth Management is Here™

The wealth management firms that thrive in the next decade will be those that invest in technology today. Winning the talent war, reducing costs and enabling modern workflows are now minimum requirements for success.

Here™ Enterprise Browser is uniquely positioned to help firms meet these demands. With a single, intuitive access point for all desktop apps, Here™ brings all the information from various systems into one configurable view, putting the information teams need at their fingertips and arming them with frictionless workflows.

Our signature tools like Supersearch and Supertabs, along with Here’s built-in interoperability (compatible with the widely recognized FDC3 interoperability standard), empower advisors to save time, reduce errors and get the insights they need to serve clients quicker. And with enterprise-grade security built on Google Chromium and trusted by over 50 leading financial institutions, Here™ delivers performance without risk or compromise.

Whether you’re a large wealth management firm or a fast-growing RIA, Here™ empowers advisors to work faster, serve clients better and stay competitive in a rapidly shifting landscape.

Ready to streamline your advisor workflows with our turnkey enterprise browser? Get in touch to learn more.