Mirador Empowers Advisors and Streamlines Operations with Cutting-Edge Tools
Mirador, a leading managed services partner that provides best-of-breed financial reporting services, technology solutions, and products to the U/HNW wealth management industry, unveiled its revitalized compensation management services.
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“Mirador provides clients with exclusive access to a dedicated team of experts who are committed to staying at the forefront of industry advancements and ensuring these advancements are vetted and implemented in a way that best serves each unique client need”
Mirador’s compensation management services empower wealth managers and RIAs with superior sales, profitability, and compensation reporting, unlocking deeper insights and enhancing operational management and scalability opportunities. By partnering with Mirador, firms see a faster, more efficient compensation management process, allowing companies to focus on scalability and building out teams in a more cost-efficient way. Therefore, Mirador effectively reduces the burden on companies.
“Mirador provides clients with exclusive access to a dedicated team of experts who are committed to staying at the forefront of industry advancements and ensuring these advancements are vetted and implemented in a way that best serves each unique client need,” said Joseph Larizza, CEO & President of Mirador. “Our dedicated teams alleviate the challenges that in-house tech teams face in keeping pace with rapid market innovations and provide an extra layer of security for potential talent gaps.”
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The latest enhancements to its compensation management services include an expanded team and upgraded product capabilities, extending the already robust roster of third-party offerings that include comprehensive data sourcing, seamless data uploading, system maintenance, and streamlined onboarding of new advisors. Mirador ensures client success from the very beginning, guiding the selection of the best-aligned system for a given client’s needs. Once a client is onboarded, Mirador ensures the smooth operation of compensation processes, including establishing and maintaining data feeds, meticulously reviewing and uploading manual entries, carefully scrutinizing pay files, and promptly forwarding outputs to designated accounting contacts. Additionally, Mirador provides timely post-payment confirmation, ensuring accuracy in pay dates and amounts. Their dedicated team also offers responsive customer support, delivering effective solutions in a timely manner.
“Comprehensive compensation management is fundamental to a firm’s operational success. It’s paramount for growth and talent retention, as advisors want more consistent and transparent practices,” said Michael Gault, Chief Solutions Officer of Mirador. “By implementing seamless management of compensation processes, firms not only position themselves to attract top talent but also eliminate key person and other operational risks created by administrative latency.”
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