By Mark Trousdale, chief growth officer, InvestCloud

While digital reengineering is affecting nearly every front, middle, and back-office function, some applications are proving more valuable than others in terms of saving time.

The business of managing an advisory practice is encumbered with a plethora of time-consuming low-level administrative and client support tasks. New technologies can automate these low-level tasks and free up capacity for advisers to focus on higher-value client development responsibilities.

The most valuable time-saving technologies for wealth advisers are tools that automate...