While large data has the potential to arm all of us have a vast array of information and insights, it can also be overwhelming. If you are an independent consultant, where do you even start? John Murphy, Chief Financial Officer of B & C Financial Advisors in Ponte Vedra Beach, Florida, shares insights in an article recently to help advisers to advancement. Here are some key highlights:The structure in spaceThe basic issues about its data-mining toolsBe open to use combine the solutions and tools to exploit customer data. Continue to implement new services and updates can be introduced.More and more clients are expected to access online information. Use the digital reports and even communicate through text will help customers updated.Move towards a model completely paperless, but don't rush customers to feel more comfortable with the traditional paper reports.Data mining tools put into actionCollect all the necessary data for internal review process.Provide transparency and unrestricted, allowing customers to access their reports and view your account information from any device at any time.Adjust the workflow and all customer interactions to everyone in the Office can easily locate the items could have been handled by someone else, and can get up to speed on the different conversations that have been had with clients.
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