The 2024 Tech Stack: Essential Digital Tools for Financial Advisers

Written by Fraser Stewart
Reading time 5 minutes
The 2024 Tech Stack: Essential Digital Tools for Financial Advisers image

The financial services landscape is constantly evolving, and for advisers to stay ahead, embracing digital tools and software is crucial. These solutions can streamline processes, enhance client communication, and empower data-driven decision making. Here are eight essential digital tools that every financial adviser should consider:

1. Lyfeguard Adviser

What it's for

Lyfeguard Adviser is a comprehensive Client Relationship Management (CRM) and Client Portal platform designed for financial advisers.

What it does

Lyfeguard Adviser acts as a central hub for managing all aspects of your client relationships. It empowers you to organise client data, automate routine tasks, and communicate securely with your clients. Additionally, Lyfeguard offers a dedicated client portal, providing a secure and convenient way for your clients to access their financial information, documents, and other important resources. This comprehensive platform helps financial advisers streamline their operations, improve client communication, and ultimately, deliver an exceptional client experience.

Key benefits

Streamlines client relationship management: Centralises client data, automates tasks, and facilitates secure communication.

Empowers your clients: Provides a dedicated client-centric portal with secure access to their information and functionalities.

Boosts efficiency: Saves time and improves operational efficiency through automation and streamlined processes.

Enhances client engagement: Fosters stronger relationships with clients through improved communication and secure information sharing.

Website: Lyfeguard Adviser

2. DocuSign

What it's for

DocuSign is a secure platform for electronic signatures and document management.

What it does

DocuSign revolutionises document signing by allowing you to collect electronic signatures on contracts, agreements, and other important documents. This secure platform eliminates the need for printing, mailing, and physically signing paperwork, saving time and resources. DocuSign also enhances security by providing a trusted environment for managing and signing sensitive documents electronically.

Key benefits

Website: DocuSign

3. Microsoft Teams

What it's for

Microsoft Teams is a versatile platform for collaboration and communication.

What it does

Microsoft Teams breaks down communication silos and fosters seamless collaboration. This versatile platform offers features like video conferencing, instant messaging, and file sharing, enabling you to connect and collaborate effectively with both clients and colleagues. Whether you need to host a meeting, share documents, or simply stay connected, Microsoft Teams provides a centralised and efficient communication hub.

Key benefits

Website: Microsoft Teams

4. Xero

What it's for

Xero is a user-friendly cloud-based accounting solution designed for small businesses and financial advisers.

What it does

Xero takes the complexity out of managing your finances. This user-friendly cloud-based accounting solution provides real-time insights into your financial health, making it easy to track income, expenses, and cash flow. 

Key benefits

Website: Xero

5. Mailchimp

What it's for

Mailchimp is an email marketing platform that helps you cultivate stronger client relationships.

What it does

Mailchimp empowers you to connect with your clients and nurture relationships through the power of email marketing. Create engaging newsletters, share valuable financial insights, and automate email campaigns, all within a user-friendly platform. By providing informative and valuable content, Mailchimp helps you stay connected with your clients, establish your expertise, and ultimately, foster stronger client relationships.

Key benefits

Website: Mailchimp

6. Hootsuite

What it's for

Hootsuite is a social media management platform that helps you manage your online presence effectively.

What it does

Hootsuite empowers you to take control of your social media presence. Schedule posts, monitor brand mentions, and engage with followers, all from a single platform. Hootsuite helps you manage your social media strategy effectively, build brand awareness, and connect with potential clients online.

Key benefits

Website: Hootsuite

7. SurveyMonkey

What it's for

SurveyMonkey is a platform that helps you gain valuable client feedback and insights.

What it does

SurveyMonkey provides valuable tools to understand your clients better. Create targeted surveys to gather feedback on their financial goals, investment preferences, and overall satisfaction. By analysing survey data, you can gain valuable insights that help you tailor your services, improve client communication, and ultimately, make data-driven decisions that benefit your clients and your business.

Key benefits

Website: SurveyMonkey

8. FT Adviser

What it's for

FT Adviser is a leading resource for financial professionals, providing industry news and information.

What it does

FT Adviser is your one-stop shop for staying informed about the financial services industry. Access in-depth analysis, expert commentary, and practical guidance from industry leaders. FT Adviser keeps you up-to-date on the latest trends, news, and best practices, empowering you to make informed decisions, enhance your professional development, and navigate the ever-evolving financial landscape with confidence.

Key benefits

Website: FTAdviser


By embracing these eight essential digital tools and integrating them into your practice, you can streamline your operations, enhance client communication, make data-driven decisions, and ultimately, thrive in the modern financial landscape.

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