EAssistLLC.com: RIA/IBD Operational Support and Compliance Blog


Growing your business while holding or shrinking your support costs

Posted in Compliance challenges, Operational support by Administrator on the July 2nd, 2008

Progressive firms make every effort to minimize overhead and support costs. But with ever more stringent regulations, demands to hire more support and compliance personnel keep increasing. Firms are throwing away hundreds of thousands of dollars in inefficient and wasteful manual procedures that require more support heads than are actually needed.
In order for firms to achieve profitable growth, it is critical that senior management take the time to study this dynamic. Instead of taking a piecemeal approach and hiring one more head here or setting up one more standalone system there, time taken now to review the savings to be gained through automation could result in enormous benefits.
E*Assist has developed a complimentary proprietary process to help firms understand their cost containment potential.
The first step is to understand which of your firm’s manual processes could be fully automated. After signing an NDA to protect confidentiality, we create your E*Assist automation score by analyzing your current written supervisory procedures and determining which of these can be automated.
Our proprietary financial model then illustrates the potential productivity gains and/or the opportunity to hold or trim support expenses.
Existing E*Assist clients have seen cost and headcount savings measured in hundreds of thousands of dollars.

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