Tools of the trade

The process of providing financial advice has come a long way since the first online offerings were introduced. With developments continuing at a rapid pace, it is useful for advisers to understand how the tools can be best used to enhance their business. Asset allocation in particular is one area that can benefit greatly from the use of online tools. Online asset allocation tools take an enormous amount of data and process it, a process that would take an incredibly long time if not done online. Advisers may need to invest a little time getting to know the tools and how to use them, bu...