Microsoft's array of subscriptions can be overwhelming and lead to confusion for RIAs. Additionally, many RIAs are not fully utilizing Microsoft's features, instead opting for third-party tools that may not be as effective. In this episode, we talk about the differences and which one fits your firm best.

NOTE: While Microsoft's subscription offerings may change in the future, for now, this is the current landscape.

Subscription Options

Microsoft offers a productivity suite called Microsoft 365, which can be categorized into three main groups:

M365 for Home

· Not recommended for RIAs.

M365 for Business

· Commonly mistaken for what RIAs need, but not the optimal choice.

M365 for Enterprise

· Specifically, the Microsoft 365 E5 subscription is recommended for RIAs, despite common advice against it due to perceived overkill. However, RIAs have unique needs that align more closely with enterprise-level requirements.

More information

· Ensure you own the tenant for your Microsoft subscription.

· Consider the flexibility of monthly vs. annual commitments, especially when dealing with seasonal employees or interns.

· For more information

M365 for home

M365 for business

M365 for enterprise

Microsoft 365, Office 365, Enterprise Mobility + Security, and Windows 11 Subscriptions for Enterprises

Despite Microsoft's confusing subscription structure, their products offer great solutions for RIAs. While the naming conventions may be perplexing, opting for the Microsoft 365 E5 enterprise subscription is the best choice for RIAs.