With AUM Under Pressure, How Can You Leverage Your Market Data to Boost Your Margins?

Locally or globally, catastrophe has been arriving with greater frequency and intensity than ever before. But none of them have so drastically heralded significant market swings as the one caused by the coronavirus. The global financial markets have lost historic chunks of value, leading to wealth managers and financial advisors under tremendous pressure to protect margins. Where can you cut costs rapidly? You might start by looking at your financial market data provider. The important questions are how much data is necessary and how much should you be willing to pay for it.

Financial market data for wealth managers is not a one-size-fits-all endeavor. If you are an independent RIA, fintech platform developer, wealth management service provider, or financial advisor, then you only need to acquire market data and information that is going to be useful to you or will have value for your clients. Your data and format needs differ from those of a large, traditional RIA. A flexible license lets your firm subscribe to-and pay for-only the content you need. More specifically, too much data increases expenses and consumes valuable time. In the current environment, the priorities of wealth managers and RIAs are to lower costs to protect margins-and monitor how market movements impact client portfolios-and proactively communicate this information to clients.

A financial market data feed provider like QUODD is specifically designed to provide accurate, customized, and affordable data feeds to wealth advisors, so you only pay for what you need, exactly how you need it. Now is the time to re-evaluate your cost of doing business, and find savings where you can. Contact QUODD for a demonstration of our services and start lowering your data costs right away.