The RIA's Chartbook
No. 06

The Stack Tax

What an independent RIA really pays for its technology, including the work between the tools, with a fillable worksheet to measure it in two passes.

October 29, 2026  ·  18 pages  ·  Free PDF

Cover of The RIA's Chartbook No. 06: The Stack Tax

You pay for the tools. Who pays for the work between them?

One client question can touch eight systems, and a person carries it from one to the next: opening each screen, copying the figures, checking which version is current. This issue calls that burden the stack tax, and shows how to put a number on it.

Inside this issue

  • Four costs that never appear on an invoice: coordination, vendor oversight, training, and blind spots
  • An illustrative firm, with cash and staff capacity kept separate
  • A fillable worksheet to price your stack in two passes: an estimate in one sitting, then a two-week measurement
  • How to test one change against one workflow, and when the stack is worth keeping

The worksheet is also available on its own, with its own instructions: download the fillable Stack Tax Worksheet.

The chartbook is free, with no form. Read it in your browser or download the PDF, worksheets included.

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