Alden COVE Overview
Financial advisors are faced with constant iterations and reiterations of the latest and greatest technologies, investment strategies, platforms, and investment advisors. Performing due diligence on all these potential business partners is enough to be a full-time job.
In today’s fast-paced financial environment, independent advisors face the challenge of growing their business while servicing and managing their existing client base. It’s also a huge investment to have money management tools, client portals, and to support an operations staff to handle paperwork, money movement and administrative and back-office tasks. Trying to do it all yourself or even with a small team leads to less time to spend on growing your business or deepening client relationships.
That’s where Alden COVE comes in.
Why Alden COVE?
We provide you with a modern interface and UX, able to be used on PC, Mac, tablets and phones. By leveraging a carefully-selected partner for this component of our platform, we are able to give our advisors access to an extremely robust back-end as well.
We also use technology to make smarter investment decisions. With our digital risk profiling tool, we can run a risk assessment, providing a risk score of 1-100. Wouldn’t you like to make every investment decision with this type of insight? We can show you how!
Alden COVE’s proposal tool allows you to customize your presentation around a variety of risk and return metrics. From an ongoing compliance perspective, our technology archives all client risk scores and answers – while also placing this score side-by-side with their portfolio’s risk.
Transitioning to the Alden COVE Platform is simple and depending upon the size of your book of business, it can be done within a couple of weeks to a month. Our technology comes in handy for transitions as well – allowing us to feed data in from your CRM to prefill custodial and firm forms for multiple accounts within a household – all within one DocuSign envelope.
TAMP Services for Advisors at Various Stages of Their Growth-Cycle
Early Stage: Minimize and Maximize
Outsource to a digital back and middle office to reduce overhead and hard-dollar costs. Leverage portfolio management resources to increase AUM rapidly.
Growth Stage: Supercharge Revenue
Utilize technology to maximize efficiency. Streamline operations for acquisitions, new advisors and client onboarding/servicing. Use the trade order management system to scale your models/UMAs.
Mature Stage: Digitize and Monetize
Outsource your entire trading, operations and workflows to increase your practice multiple. Alden will actively seek out an acquirer and/or junior advisor to maximize seller satisfaction and minimize client disruption.
Succession Planning for Advisor Practices
What do you do with your book of business when it’s time to retire? How do you ensure the clients you’ve built relationships with for years are managed well, and handed off to someone in a seamless manner? With Alden’s national network of advisors and dedicated recruiting/business development professionals, it’s easy for us to find the right person or team as your successor.
As you think about succession planning, you also want to increase the value of your book before your retirement day approaches. Alden COVE Platform’s model-based approach can create less work for you as an advisor, increase the value of your practice and make the final transition much easier than you ever thought possible.