What was the scope of their involvement?
First, they did an assessment of the existing technology platform we were using. They determined it needed to be augmented, not only for utility, but also for capability. We needed higher data speed and a standardized platform that would integrate with our existing trading partners. Before this, we used different platforms for our varying levels of advisors. We hoped to fit all of that into one solution.
They built both hardware and software for us, and the project wasn't just limited to the technology on our desktops. They reviewed our efficiencies, then we looked at cybersecurity features designed around our integrations. They also did branding and marketing for us. They repositioned the entire firm, and they helped us with a renaming effort and everything related to that. They had a hand in all our client-facing materials and web presence.
What is the team composition?
We work with a team of three or four, and one of our main contacts acts as our CTO.
How did you come to work with Altabos?
They're highly skilled, and their credentials and their cost were both deciding factors in our hiring process. I've known our main contact for years. When we first met with them, their skillset was clearly more strategic and forward-thinking than other agencies we considered.
How much have you invested with them?
We've spent somewhere between $400,000-$600,000.
What is the status of this engagement?
I started working with them late in 2014. We've deployed the products they created, but our partnership is ongoing. We're getting ready to grow again, and they're already ready to help us open new offices and expand into new spaces.