Amplo: To become the one-stop-shop technology for all RFPs in the institutional investment community … and beyond. To eliminate the length of an RFP questionnaire because we already have that data on demand. To share reviewer scores and feedback to help respondents improve their pitches. To share intelligence and trends on the RFP process that no one has had access to before. (10 RFP Insights Institutional Investors Should Know by InHub). To issue $1 trillion in investment related RFPs. 

Essentially, we are on a mission to reinvent the institutional search, hire and documented due-diligence process. To enable not only faster, but better hiring decisions. Bringing the RFP process online is only the first step. 

Hortz: What other advice can you share with advisors about innovation?

Amplo: I think you have to remember that innovation needs to be coupled with adoption. We innovated the RFP process the moment we finished development, but no one knew it yet!  You definitely can’t by shy about announcing your innovation, and you certainly can’t underestimate the difficulty in gaining mass adoption. "Build it and they will come" is wishful thinking for most. It’s hard work, but if you believe in what you are doing, work extremely hard to promote it and you love what you are doing—yes, I’m ridiculously passionate about improving the RFP process. 

The Institute for Innovation Development is an educational and business development catalyst for growth-oriented financial advisors and financial services firms. We position our members with the necessary ongoing innovation resources and best practices to drive and facilitate their next-generation growth, differentiation and unique community engagement strategies. The institute was launched with the support and foresight of our founding sponsors - Pershing, Voya Financial, Ultimus Fund Solutions, Fidelity, MeridianIQ/AdviceIQ, and Charter Financial Publishing (publisher of Financial Advisor and Private Wealth magazines). For more information click here.

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