In the race to appeal to the most potential clients, many advisors in the financial space are "proving their worth" by increasing their offerings. While the bells and whistles may be exciting, overloading your clients with options may also be costing your advisory firm business.

Decision fatigue, or the emotional strain that comes from making too many decisions, is a real condition.

As the financial situations of clients becomes more complex, it can be difficult for financial advisors to customize each plan to fit their clients' needs. A managed accounts solution helps advisors to more efficiently offer personalized asset allocation. Managed accounts provide a comprehensive view that simplifies the workflow for financial advisors while providing a more tailored fit for each plan participant.