BY JILL NAGY
Up to date technology, combined with a personal touch, keeps clients informed about their assets and the events and trends that affect them.
Both are critical in a modern asset management practice, according to those in the field.
“Technology is a beautiful thing as long as you embrace it,” said Steve Bouchey of Bouchey Financial Group in Saratoga Spring. His company recently made a seven-figure investment in software to keep clients informed and to enable the professional managers to do their work more efficiently.
Clients can log on any time to see where their money is and to access some 20 reports. Meanwhile, he can rebalance several hundred accounts in a matter of minutes and issue tax reports to clients and, if the client wishes, to their tax preparers, also in a matter of minutes. The system, he said, “is up to date and spectacular. It’s amazing what clients can see and do.”
Plenty of information and the ability to check on their investments 24/7 can go a long way toward restoring investor confidence after scandals that rocked the financial world in recent years, Bouchey said.
“When they can check regularly to make sure their money is there, it puts clients’ minds at ease,” he noted.