Case Study: Independent Solutions Wealth Management cuts tech costs and streamlines billing with Advyzon

How implementing Advyzon led to business reinvestment and white glove service

Independent Solutions Wealth Management, a New York-based firm with more than 30 advisors and $515M in assets, was frustrated by its previous reporting and billing platform after nearly eight years of use. Day-to-day tasks required vendor assistance, quarter-end reporting and billing could take up to two weeks, and the technology was becoming increasingly expensive as the firm grew. Advyzon was brought in as a potential technology platform partner, with a focus on reporting, billing, portfolio management, and firm management.

Advyzon implemented its reporting and billing tools, along with firm dashboard and historical import capabilities, while providing white-glove support throughout implementation and training. The result was faster quarter-end processing, with billing and payout for dozens of reps completed in one to two days instead of weeks, and the ability for staff to run reports independently. After several years using Advyzon, Independent Solutions Wealth Management also reduced its technology investment by half and reinvested those savings back into the business.

Independent Solutions Wealth Management

Michael Zimmer

Chief Operating Officer