13 See yourself as an RIA.
RIA LAUNCH GUIDE
Build your tech stack.
The right technology platform can be the pathway to success for your RIA business. Start by
asking your custodian what tech they offer and who they integrate with to determine how much
additional tech you actually need to get started.
Take a look at the Kitces Advisor Technology Map, which highlights over 75 technology
partners in 30 different categories. At a minimum, you'll need:
■ Customer relationship management (CRM)
■ Financial planning software
■ Portfolio management and performance reporting
RIA firms spend on average 3.9%
of revenue annually on technology,
which includes software, hardware,
and office equipment.
Use our Scale with Technology toolkit
to help you review, find, build, and
implement your ideal technology stack.
Source: 2023 InvestmentNews Pricing, Profitability, and Compensation Study
