LIBRARY
RFP Library: Wealth Management
The RFP Library helps wealth management teams evaluate the platforms that power your operations, from trust accounting and portfolio management to alternative investment automation and enterprise CRM. The question sets surface what matters most for each vendor evaluation. This includes assessing platforms on what drives advisor productivity and client outcomes and understanding what each platform delivers to make informed decisions.
What You'll Find in This Library
- Kick off vendor evaluations without building RFPs from scratch
- Align teams and leaders on vendor evaluation criteria across core areas
- Compare platform capabilities against what drives advisor productivity and client outcomes
- Reduce evaluation timelines with question sets vetted by Datos analysts
How to Use the RFP Library
The guidance below will help you structure your RFP process effectively, as well as get the most value from the Library:
- Begin with foundational alignment. Clarify your FI’s priorities, constraints, and must-have capabilities before engaging vendors.
- Reference the universal questions as a starting point. They help confirm that core vendor context is addressed alongside your institution’s existing governance processes.
- Use solution-specific RFPs to probe deeper. Each RFP focuses on the product-specific functionality and differentiators that matter most.
- Avoid leading the vendor. Let vendors describe their approach rather than shaping their responses with overly prescriptive instructions.
- Partner with your Datos Advisor. The RFPs are just the start. Datos Advisors can support deeper evaluation, scoring design, and vendor selection.
FAQ
Why are universal questions included on the landing page instead of in each RFP file?
The universal questions are included to help ensure governance basics aren’t overlooked early in the vendor evaluation process. Most institutions already have standard procurement or risk questionnaires; listing these questions once avoids duplication and keeps each RFP file focused on solution-specific evaluation.
How do the topic-specific RFPs fit into my process?
Each downloadable RFP focuses on the core capabilities, integrations, and differentiators unique to that product area. Use them after the universal questions to evaluate depth and alignment across vendors.
Can I customize the question sets?
Yes. The RFPs provide a structured starting point. Institutions should tailor them based on internal requirements, risk considerations, and workflow needs.
Why doesn’t the RFP template include scoring?
Scoring frameworks vary widely across institutions and use cases. The templates provide clear, structured question sets, but evaluation and weighting should remain internal to the institution’s priorities.
Do I still need demos and client references?
Yes. RFPs help you gather structured information early in the process, but full evaluations typically include product demonstrations, reference discussions, and deeper due diligence.
Will additional RFPs be added?
Yes. New RFPs will be added as coverage expands across wealth management product areas, including portfolio management, financial planning, reporting, and custodial services.
What if I have questions or need help with an RFP?
Datos Advisors can support you with scoring design, vendor shortlisting, and evaluation execution beyond the RFP templates.
Clients of Datos Insights’ Wealth Management practice can log in to download the full organizational charts for each bank segment.