Wealth Management Outsourcing Services For Operations

Wealth management outsourcing for operations

Transform your wealth management operations

As a wealth manager, your office faces unique challenges on a daily basis. Empaxis knows you have to produce monthly and quarterly reports, manage diverse data, balance many different custodians, work closely with private equity and hedge funds, and more.

Financial advisors are increasingly focusing on financial planning to benefit clients. That means another avenue must be found for investment management. The majority of professionals are now taking advantage of wealth management outsourcing, and that’s where Empaxis comes in.

Why to outsource your wealth management operations

Wealth advisors had plenty positive to say about outsourcing in a recent study.

86% said outsourcing had made them more successful,
84% said outsourcing enabled greater oversight of portfolios.
80% said they planned to increase the percentage of assets they outsource
78% regretted that they had not started to outsource sooner

Reduced costs, scalability and greater operational efficiency are good reasons to work with a third-party vendor, but you should know the firm on an intimate level, just as they should know your needs clearly.

Asking the right questions will give you a more informed view of how an investment operations outsourcer really works.

Questions to ask

Do they understand my needs?
Do they hire the top portfolio accounting talent?
Does their operations team follow Six Sigma?
Are they at the forefront of cutting edge technology?
Are their middle-office and back-office operations audited?

If a wealth management outsourcing company answers yes, then you will have found one for your firm. And if these foundations are in place, you can be certain they will deliver on the promises of cost savings, scalability and increased operational efficiency.

How Empaxis can help you with wealth management operations outsourcing

Empaxis offers you wealth management outsourcing to take your middle-office and back-office services to the next level. We can eliminate the need to find and train in-house operations staff so that you can focus on gathering assets and servicing clients.

Here’s what Empaxis can offer wealth managers, RIAs and family offices:

Wealth management tools

Software and services without the need to manage data yourself

Platform as a service

Your own software, offering you a cost-effective way to manage your operation

Robotic process automation

Bots to oversee private equity and hedge fund investments
Shorter reporting times without the tedious processes

Our expert team is equipped to streamline back-office reporting, billing and IT needs for even the largest RIAs — all while lowering costs and positioning you for scalability.