Decision Technologies Corporation

The Unique Advantages of a ProRRT℠-powered Online Meeting With Clients DTC’s Professional RapidReview Tool℠ “ProRRT℠” now makes online meetings with client a competitively advantaged and more profitable preferred choice.   Such meetings require no travel time for the advisor or the client, and the advisor can effectively meet with clients in any part of the country, not just within the advisor’s local area. The chance for more meetings, with more clients (over a much broader area), with less operational expense, can produce a broad range of beneficial effects, including greater client engagement and satisfaction, enhanced regulatory compliance, more advisory fee revenue, greater profit, and a potentially dramatic increase in firm valuation. To understand just how beneficial this could be for you, your firm, and your clients, please read https://lnkd.in/gdxG6sNQ #wealthtech #financialindependence #fintech #mutualfunds #401k #retirementplanning #ira #individualretirementaccount #etfs #rita #dtc #prorrt #rita

RITA℠ Is Now Here.  Are You Prepared for “The RITA Effect℠”? That’s “good news” for investment advisors using the ProRRT℠ – Rita℠ could prove to be a source of new clients. Early in our development of our Professional RapidReview Tool℠, one of the people assisting us in new business development (let’s call him “Albert”) called to ask if I would be willing to meet online with his “significant other” (let’s call her “Rita”) to use the ProRRT℠ to score and rank some of her mutual fund investments in advance of a meeting with her investment advisor. This what happened https://lnkd.in/gP7V-yeV #wealthtech #financialindependence #fintech #mutualfunds #401k #retirementplanning #ira #individualretirementaccount #etfs #rita #dtc #prorrt #rita

“MoneyBall” For Mutual Fund & ETF Selection Let the ProRRT℠ help improve your investment selection the way “MONEYBALL” forever changed baseball player selection. What’s “MONEYBALL”? It’s not just the name of a very popular movie which, if you haven’t yet seen, you should. It’s the name given to a whole new way of comparatively evaluating baseball players – using performance metrics rather than the subjective opinions of baseball “scouts.” What’s the connection with DTC’s Professional RapidReview Tool℠ (the ProRRT℠”)? In an almost identical way, we’re improving the way mutual funds are evaluated and selected. Read how https://lnkd.in/gHJudDDs #wealthtech #financialindependence #fintech #mutualfunds #401k #retirementplanning #ira #individualretirementaccount #etfs #rita #dtc #prorrt #rita

Here’s How Well ProRRT℠ Works – One Subscriber’s Experience If you’re looking for some independent evaluation of how well our technology works for new client recruitment, please take a look at a now published story about one advisor’s experience using the ProRRT℠. Terry Dennis, is President of Dennis Financial Group and was actually the first person to license our newly released “Professional RapidReview Tool℠ (“ProRRT℠”). He submitted an article to the International Association of Registered Financial Consultants (IARFC®), of which he’s a member, at their request https://lnkd.in/ggKP2sag #wealthtech #financialindependence #fintech #mutualfunds #401k #retirementplanning #ira #individualretirementaccount #etfs #rita #dtc #prorrt #rita

Did Ben Franklin Foresee the Decision-Assistance Technology Powering the ProRRT℠ for Investment Advisors? On September 19, 1772, Ben Franklin sent a letter responding to one from Joseph Priestley requesting assistance on making a difficult decision. Ben’s letter back to Priestley described his decision method, and it is widely accepted as the first written account of a “decision-assistance” technique. You can enjoy reading it here: https://lnkd.in/gxEipsEb #wealthtech #financialindependence #fintech #mutualfunds #401k #retirementplanning #ira #individualretirementaccount #etfs #rita #dtc #prorrt #rita

“Decision Paralysis” – The one reason why it’s so hard to pick great mutual funds that is worse than you may have imagined. Having too many choices and too much information about them can make deciding which to choose paralyzingly difficult, if not practically impossible. On January 10th, we were surprised to see this brief article on Analysis-Paralysis, stating that: “By 2031, there could be one million managed investment products.” The article also points out that: “As of June 30, 2023, there were more than 742,000 products available.” Wow! That’s dramatically more that we had estimated here https://lnkd.in/g7_WhwcU #wealthtech #financialindependence #fintech #mutualfunds #401k #retirementplanning #ira #individualretirementaccount #etfs #rita #dtc #prorrt #rita

Have We Been “Programmed” or “Conditioned” by the Financial Services Industry? Here are some signs that you have been and how to break that “programming” / “conditioning” with Rita℠ From experience, we’ve observed that many individual investors believe that it’s simply too difficult or too complicated for them to pick the mutual funds or ETFs in which they should invest. They believe that they have no real choice other than place their trust in and rely on the advice of an investment advisor and/or broker. Of course, that’s assuming they have enough investment dollars to get an investment advisor or broker to accept them as a client. They believe it’s simply impossible for them to do it themselves. Although it’s hard to imagine that any individual investor “likes” feeling powerless, it’s also likely that, because of this belief, many will not be open to learning how easy it might be able to successfully do it themselves. Why bother when I “know” I can’t do it? Read More: https://lnkd.in/gbWMkVuH #wealthtech #financialindependence #fintech #mutualfunds #401k #retirementplanning #ira #individualretirementaccount #etfs #rita #dtc #prorrt #rita

How Investment Advisors Recruit New Clients Using the ProRRT℠ “Checkup Tool” If you are an investment advisor, using the Checkup Tool in this way will help you determine how much room for improvement there is in your investment recommendations. Here’s how it’s done: Simply contact the prospective client and arrange to meet; anywhere will do – e.g., a coffee shop. Ask him or her to bring their most recent brokerage statement or quarterly investment report with them, explaining that you have something important that you’d like to show them. When you meet (and after buying them a cup of coffee, etc.), ask him or her to pull out their brokerage statement or investment report and tell you what their single biggest investment holdings are (you don’t need to see their report or how much money they’ve invested), Then open your laptop or pull out your iPad and log onto the free ProRRT℠ Checkup Tool and explain to the prospect how the technology works as he or she watches you score and rank what they are holding.... Read more: https://lnkd.in/gKmJVrfF #wealthtech #fintech #mutualfunds #etfs #plansponsors #lawsuit #planparticipants #fiduciary #advisor #liability #trustees #sponsors #401k #401kplan #dtc #prorrt #rita

Investment Advisors' “MoneyBall” For Mutual Fund & ETF Selection What’s “MONEYBALL”? It’s not just the name of a very popular movie which, if you haven’t yet seen, you should. It’s the name given to a whole new way of comparatively evaluating baseball players – using performance metrics rather than the subjective opinions of baseball “scouts.” The time-consuming, initial screening process for picking mutual funds for further, qualitative due diligence, is no longer about the size and reputation of the fund companies, or the size of their advertising / marketing budgets, or their name recognition, or the opinion of external or internal experts . . . and it’s certainly not about incentives that fund companies may be offering to have their funds preferentially recommended. Read More: https://lnkd.in/gHJudDDs #wealthtech #fintech #mutualfunds #etfs #plansponsors #lawsuit #planparticipants #fiduciary #advisor #liability #trustees #sponsors #401k #401kplan #dtc #prorrt #rita

Is “Cognitive Dissonance” Harming Investment Advisors' Business Development Plans and Quality of Services? The mental and emotional tension of knowing what you should do and yet not doing it is a simple explanation of Cognitive Dissonance. If we look, we can find its negative effects in many areas of our lives. If you are an investment advisor looking to grow your business and better serve your clients, it can be particularly harmful . . . even more so if you are unaware of its existence and its negative effects. Of all of the many things that you ideally should be doing, in this post we’ll focus on just one. Read more...https://lnkd.in/gfjbDmQJ #wealthtech #fintech #mutualfunds #etfs #plansponsors #lawsuit #planparticipants #fiduciary #advisor #liability #trustees #sponsors #401k #401kplan #dtc #prorrt #rita