How Financial Advisors Can Turn Messy Data into Actionable Results with Verity Larsen

About this episode

Verity Larsen discusses the challenges of managing data in wealth management and how firms can turn messy data into actionable insights.

Episode 137: This week, Kyle Van Pelt talks with Verity Larsen, Founder & CEO at Versoft Consulting. Versoft partners with RIAs to help navigate complex technology decisions, system conversions, and data strategy. Verity talks with Kyle about the realities behind data lakes in wealth management and why maintaining clean, accurate data is harder than it looks for RIAs. From the myth of "clean data" to the hidden costs of data lakes, Verity shares a behind-the-scenes look at why so many firms struggle to turn data into actionable insights. She also explores the limitations of AI, the operational disconnects that quietly slow firms down, and what it truly takes to make data work for growth and better decision-making. In this episode: (00:00) - Intro (02:00) - Verity's money moment (04:33) - The challenge of validating data in system conversions (08:40) - What it takes for an RIA to maintain clean data (13:28) - The disconnect between management and staff workflow (16:43) - Common reasons people hire Versoft (20:53) - How people can make the most of their current technology (26:27) - Why systems calculate the same metrics differently (32:01) - The limits of AI in data and system…

People in this episode

Host: Kyle Van Pelt

Guest: Verity Larsen

Topics covered

• data management
• wealth management
• technology decisions
• data strategy
• AI limitations
• operational disconnects

Keywords

• data lakes
• clean data
• system conversions
• actionable insights
• technology
• wealth management
• AI limitations

Mentioned in this episode

Organizations: Versoft Consulting, RIAs

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