Get more time to work with your clients
As a small- to medium-sized wealth management firm overseeing assets of more than $50 million, you have plenty to do to satisfy your clients. You don’t want to spend all your time generating reports and tracking back-office performance. You’d rather work with clients individually to give them the best of yourself and your expertise.
According to current research, the typical investment account manager spends around 50% of their time on direct client-related activity, including meeting preparation, planning analyses, or other client-servicing tasks. But managers generally spend barely 20% of their time actually meeting with clients. You know your clients expect more of your attention than that.
So how do you manage these accounts the right way and give your precious time to your clients? More financial managers are turning to an investment management platform for help.
What is an investment management platform?
An investment management platform is a software system designed to help investment firms track their portfolios and research new investments. This portfolio management software can help with tracking, reporting and managing high-wealth clients.
With the right platform, investment managers no longer need to pull quarterly reports manually or worry about analyzing incomplete or inaccurate data. A platform can give you clean data and eliminate the need for manual checks and balances. You can gain advanced insights and create new opportunities with a wealth management platform’s help.
What is a turnkey asset management platform?
Investment firms need turnkey solutions when selecting a platform. One such solution is a turnkey asset management platform (TAMP). A TAMP is web-based, meaning you do not download and install anything. You and your clients log in through a secure portal, and unlike client-server software, you can access the platform from anywhere.
Your team can easily monitor all transactional activity in real time and generate reports as needed. Likewise, your clients can access the web-based system as well, which provides a dashboard overview of all their investments in real time.
A TAMP is ready to go for any investment firm. No extra work is needed to get started, because the solution is already set up for them.
- No software to install locally on a computer
- No CDs needed for installation
- No need to manually update or upgrade the software
TAMPs can free up wealth and asset managers’ time to focus on providing clients with service in their areas of expertise.
What Empaxis’ TAMP1 can offer
Empaxis’ turnkey solution, TAMP1, eliminates the need for any software or personnel, while providing a fully managed solution for a digital warehouse, portfolio accounting, customer relationship management, performance reporting and advisor/client websites.
The TAMP1 online wealth management platform connects to anything and integrates with anything. It’s able to handle portfolio accounting, CRM, financial planning tools, historical data and anything else you want to connect to it. With TAMP1, you can migrate all your data in a matter of weeks, not months. This gives you significant cost and speed-to-market advantages.
Download our ebook “Technology Guide for Small to Midsize Investment Firms – Choosing a TAMP Solution” and learn why it’s time to ditch your legacy software, get out of spreadsheets and embrace cloud technology.
What you get with TAMP1
- Institutional-level complete middle-office solutions and back-office streamlining
- Fully outsourced, easy-to-use, fully modular integrated turnkey cloud operations platform
- Streamlined data and processes, integrated with external parties
- Tightly integrated platform with the ability to manage more and diverse product types
- Stable platform without the need for major future technology investments
- Support with client centricity, reduce operating costs and accelerate time to market.
Find out more about TAMP1 and see how it can transform your investment management firm.