7 Technology Innovations for Wealth Management: Software as a Service (SaaS)

Software as a Service, better known as SaaS, is a relatively new model of software delivery to enter the market. The widely embraced model provides on-demand access to users by eliminating the need for tangible installation items such as CD-ROMs or physical hardware. In most cases, SaaS allows users to reach the platform via a computer, internet connection and a web browser such as Chrome or Internet Explorer.

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7 Technology Innovations for Wealth Management: Document Management

Document management systems (DMS) help businesses create and maintain an organized file repository. Often utilized as a stand-alone application, DMS offers organization but may lack accessibility. With more and more clients demanding a single, integrated solution, many wealth management software vendors have opted for in-house document storage that allows users to attach files directly to the transactions, invoices and accounting entries they are related to. Read the rest of this post »


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7 Technology Innovations for Wealth Management: Dashboards with Drill Through

While detailed reports are excellent tools for analysis, advisors and clients both agree that the option to display investment information upon login is crucial for staying on top of day-to-day activity. Drill through dashboards provide immediate access to summary-level details with the added ability to explore the underlying details with a single click.

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7 Technology Innovations for Wealth Management: Data Integrations

When efficiency is a high priority at your firm, manual entry of brokerage and banking data can become an impediment to reaching your goal of being a leaner, more successful operation. Not only does manual entry of data consume countless hours of time, but it can result in numerous entry errors.

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7 Technology Innovations for Wealth Management: API Calls

Wealth management firms often have complex needs in regards to their technology solutions. For some firms, it can be difficult to find a single application that is able to meet all of their needs. Instead, these firms employ a ‘best of breed’ approach resulting in multiple systems that are unable to communicate with one another. To solve this issue, firms rely on API calls to serve as bridges between these systems.

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7 Technology Innovations for Wealth Management: Client Portal

Wealth management firms are constantly looking for ways to improve the way they communicate with their clients. As clients push for increased access to their financial data, the industry has witnessed client communication transform from paper statements and postal mail to electronic documents and email updates. Today, clients are demanding even greater access – 24/7/365.

The client portal represents an improved method of communicating with wealth management clients. From interactive charts to summarized financials, client portals offer firms the ability to provide clients with customized, user-friendly access to their financial data.

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7 Technology Innovations for Wealth Management: Batch Reporting

For most wealth management firms, reporting is a regular task. Whether you are preparing daily, weekly, monthly, quarterly or annual reports, the process can be time-consuming and inefficient. With batch reporting functionality, report preparation becomes an automated, efficiency-driven task.

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Increase Efficiency with Client Fee Billing Functionality

Each client requires a unique method to determine billable assets. Whether you use a flat rate, a percentage of assets or a combination of calculation methods, defining fees and processing billing can be tedious but essential tasks for many wealth management firms.  In the age of automation, firms are faced with the manual chore of developing and organizing a client fee billing process.

To allow for a more efficient and seamless process, ATWeb supports user-defined methods that calculate billable assets using the client’s total account value, a portion of total account value, the value of the investments within the account or any combination of these. In the event that a billable asset value cannot be calculated using the information available in ATWeb, users may utilize override functionality to determine the asset’s value.

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