Tech Solutions: The Key to TPAs' Future
There is a growing reliance on TPAs to deliver more technology-driven solutions that enhance an advisor's ability to win new clients and keep existing ones.
David Witz1 min read80 wordsHistorically, recordkeepers, not TPAs, have held a leadership position in technology deliverables. Today, there is a growing reliance on TPAs to deliver more technology-driven solutions.
Data is the Key
The critical question for TPAs: “What action must I take now to remain relevant five years from now?” There is a silver lining: data. A local TPA has data on plans that others don’t have.
Important Technology Solutions
- Data integration and prospecting tools
- Proposal generators and plan design tools
- Benchmarking and investment monitoring
- Fiduciary and participant online education
