Wealth Director - Managing Life Time Assets
Hexaware's comprehensive Wealth Management product Wealth Director
TM helps Financial Advisors manage lifetime assets of High Networth Clients with ease. Our solution features include Contact Management, Profile Capture, Proposal Submission and Financial Planning while also addressing Investments, Insurance, Education, Retirement, Estate and Tax Planning. The product is available in both license and on-demand options.
The product provides accessibility to both Financial Advisors and Individual Investors across offcies worldwide. Wealth Director
TM gathers information of all assets, liabilities and products of the client and applies this information to the customer's lifestyle and events to create positive and profitable experiences for the clients. In addition to the above, with the aim of better serving high net worth clients, it brings the same level of sophisticated asset allocation models and risk management technologies used by the big financial houses.
Wealth Management Solution - Key Features
- Captures prospective client details, portfolio and risk profile
- Recommends market segment specific and risk specific asset allocation
- Recommends relevant insurance, education, estate and tax coverage based on advanced algorithms
- Executes financial plan on approval by client
- Interfaces with banks, portfolio management systems, pricing vendors and other agencies.
- Tracks holdings against model porfolios for deviations and returns
- Allows client to review risk profile and re-align financial plan at frquent intervals
- Has CRM capabilites - tasks, reminders, meetings atc for better planned customer interactions
Planning Advisory
Wealth Director currently handles capture of information and advisory agencies for the following segments.
- Stocks
- Stock Options
- Bonds
- Funds
- Other Assets & Liabilities
- Cash Flows (income & expenses)
- Insurance
- Education Planning
- Retirement Planning
- Tax Planning
- Estate Planning
Additional Features
- Dynamic User Access Controls
- User specified menus on Home Page providing critical information options to display mutiple accounts and proposals
- Generic Risk Questionnaire
- Document Management
- Enables single point contact for client
- Supports client with specialists for each sector
- Dynamic search/sort/report/lookups
- Supports in-house/external Financial Advisors/Specialists
Benefits
Wealth Director
TM offers numerous benefits for global deployment of a centralized asset management solution. Some of the salient benefits include:
For Clients
- Multiple revisions of risk profile is possible
- Consolidated view of all their assets/cash flows
- Umbrella services covering estate, education, tax and retirement planning in addition to tradable portfolio planning available.
- Online access to returns, risks and recommendations for the entire spectrum of assets.
- Safe, Reliable and Scalable
For Busines Users
- Online proposal generation
- Multiple investment scenario analysis
- Multiple account registrations
- Availability of advisory services and advisors to prvide recommendations
- Asset allocation and manager selection tailoring
- Strategic investment planning as client needs evolve
- Proactive management of customer relationship by identifying strengths and weaknesses in asset allocation
- Keeping accounts up-to-date
- Monitoring significant changes in client's portfolio