Productivity plays an integral role in every company - and wealth management firms are no exception. Whether your business is a small start up with just a handful of employees or you have hundreds of staff members spread across the country, it’s important to ensure every member of your team is equipped with productivity-boosting tools and knowledge.

Embrace cloud technology

The cloud has been around for a while now, but many businesses remain suspicious of it and reluctant to fully embrace tools that promise to store data in this mysterious tech ether.

However, chances are you’re already using a multitude of cloud tools, whether you’re aware of it or not. And by familiarising yourself with the best productivity-boosting cloud apps and platforms available, you can completely transform the way your wealth management firm operates.


“The cloud can help you improve accessibility and enable employees to work from anywhere.”


Most would agree it’s unhealthy to feel as though you have to take your work home with you at the end of the day, so we’re certainly not advocating this. Instead, a culture of flexibility and remote working can benefit everything from productivity to employee wellbeing.

Besides, even wealth managers who’ve managed to find the perfect work/life balance will on occasions need to take calls from clients in a financial crisis during unsociable hours. And when you’ve stored your documents in the cloud rather than on your office computer, you can access the information you need anytime, anywhere.


Improve security

Data security may seem like a minefield, particularly if your knowledge of the various precautions and protective methods is somewhat limited. If you’re feeling overwhelmed with all the jargon or even the sheer scale of the challenge, you may be tempted to bury your head in the sand. However, if you don’t implement the necessary security measures, data loss and security breaches can happen.

“As a wealth management company, you probably have vast amounts of client data on file.”

If your clients’ financial details were to fall into the wrong hands or if your devices or servers were damaged, explaining this to the people who trust your company the most could be time consuming and costly. Fixing the problem would see your productivity plummet and, in the most serious cases, grind your output to a halt.

If your knowledge of data protection methods is seriously lacking, why not pass all security-related matters to us? We’ll make sure your clients’ data is protected, freeing your time up to focus on what you do best – helping your clients build their wealth.

Outsource IT support

When an IT-related problem arises, how do you resolve the situation? We often speak to small to medium sized wealth management companies that have given the role of fixing IT issues to a tech-loving employee, regardless of whether they have any formal experience or not.

“By letting an IT expert take over, you and your team will have more time to devote to finances.”

However, while this might seem like a straightforward solution, it just takes time away from a member of your team who you hired to do something else entirely. Rather than letting an employee try to resolve IT problems, why not outsource all IT-related tasks? By letting an IT expert take over, you and your team will have more time to devote to finances.




At Prism we work with thousands of professionals in Financial Services across the UK to help improve productivity through the best use of technology.
To learn more about how we can help you please get in touch with the team at Prism.