Miller: Financial advisory practices run like fiefdoms due to lacking tech
David Miller · 904 5 Revenue Streams of Financial Services Business Makes Founder $7.5m Annually · Jan 14, 2018 · at 4:09
David Miller, founder of Peach Capital, explains why independent financial advisory firms struggle to scale without standardized back-office systems.
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“The average, Nathan, the average financial advisory practice in the space is a two to ten-man woman shop, and it's run like a fiefdom because of lack of operating systems, like a technology that's changed the environment, and we help, and it's not because of intellect, it's because of they don't have the capacity.”
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