Advisor Perspectives – Lindsey Wealth Management
Lindsey Wealth Management – At A Glance
- Founded: 2015
- Entity: Independent RIA
- Founder: Darwin J. Lindsey
- Services: Financial planning and investment management
- Custodian: Pershing
- Financial Planning: eMoney
- Risk Measurement: Riskalyze
- Performance Reporting and Billing: Panoramix
Lindsey Wealth Management (LWM) believes in a team approach to managing investor’s personal financial situation, in order to provide a broader perspective. Founded by Darwin J. Lindsey in Vincennes, IN, LWM provides comprehensive financial planning and investment management services.
As part of that approach, LWM places a strong emphasis on the latest technologies to ensure that clients have transparency into how their assets are managed and the accompanying fees that are charged.
“Our clients are crystal clear in what they are getting from us for the fees we charge,” says Lindsey. “Transparency is there as they see their performance, net of fees, which goes a long way to helping us build strong relationships.”
In order to provide that billing clarity, Lindsey reviewed the performance reporting and billing technology landscape and identified Panoramix as his preferred provider. “We started with one of the larger systems out there, but were extremely disappointed in their capabilities and costs,” Lindsey notes. “However, when we discovered Panoramix, it was clear that it had been designed specifically for advisors and the way we work with clients.”
As an example of how powerful and useful the Panoramix platform is, Lindsey notes that in his last audit with the state of Indiana, the auditor commented that a problem area for RIAs is in their billing practices that are not detailed. “Our auditor actually told us that we should be an example of how to do billing correctly and the proper amount of detail to provide so that clients can easily understand what they are being charged,” Lindsey notes with pride.
Lindsey also appreciates the advisor focus of Panoramix and the nimbleness of the platform. “It is clear that the people of Panoramix listen to us, as opportunities for enhancements in the platform that we point out are often soon available in the next release. Ultimately, the value is there – for just 25% of the price of our old platform we are getting a system that is 5 times better. We don’t need all of the bells and whistles, however what we do need is all in Panoramix.”
© 2019 Sapphire Software Services, Inc. All rights reserved.