how la rias can move to the cloud (slideshare)

How LA RIAs Can Move to the Cloud

Courtesy of FPA Technology Services, Inc.

http://www.TechGuideforLAInvestmentAdvisors.com

http://www.techguideforlainvestmentadvisors.com/

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Craig PollackFounder & CEO

The cloud offers the same

benefits for RIAs that it does

for other business professionals,


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and for some it’s being

welcomed as a viable

alternative to in-house

computing functions


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Popularity of Cloud Computing


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There are three levels of

cloud computing available

to the business world:


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Other benefits:


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• RIAs can access cloud data

from any Internet-enabled

device.


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• Offsite data storage is

expandable over time.


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• Application management

tasks are reduced.


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• Budgeting for IT costs is

more easily predicted

and controlled.


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• Disaster recovery and

business continuity

capabilities can be

increased.


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In 2012 EzeCastle Integration

reported that 8 out of 10

investment firms were using

or planning to use the cloud


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In a follow-up survey

conducted in 2013,


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the researcher found that

87% of companies were

using cloud services for

their business needs,


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such as email, file storage,

and even financial application

hosting


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24% of respondents indicated

that they were using the cloud

for services such as disaster

recovery solutions or SaaS

applications


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How to Make the Move

to the Cloud


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Investment firms handle

sensitive and confidential data,

so making the move to the

cloud requires the careful

selection of a provider


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The ideal technology partner

should possess all of the

following:


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• Industry experience


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• Compliance and security

capabilities


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• Enterprise-style capabilities


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What to Move to the Cloud


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Most successful moves

start small and scale up


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While there are a number of

different delivery methods,


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one of the first is simply moving

from an on-premise software

application to one hosted in

the cloud


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Next we would recommend

looking at an email engine

hosted in the cloud such as

Smarsh or Office 365
