Wealth management platform for investment managers
As a small- to medium-sized firm managing 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 want to work with clients individually to give them the best of yourself and your expertise.
According to current research, the typical financial advisor spends around 50% of their time on direct client activity-related activity, including meeting preparation, planning analyses, or other client servicing tasks. But advisors 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 a wealth management platform for help.
What is a wealth management platform?
A wealth management platform is a software system designed to help investment firms track their investment portfolios and research new investments. These tools can help with tracking, reporting and managing high-wealth clients.
With the right platform, wealth 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.
One such system is a turnkey asset management platform (TAMP). TAMPs can free up wealth managers’ time to focus on providing clients with service in their areas of expertise.
What Empaxis’ TAMP1 wealth management platform offers
Empaxis’ TAMP1 is a wealth management platform built for investment managers who want to increase AUM, acquire new clients and offer a premier digital client experience.
TAMP1 is a Platform as a Service (PaaS) that eliminates the need for any software or personnel, while providing a fully managed solution for digital warehouse, portfolio accounting, customer relationship management, performance reporting and advisor/client websites.
The TAMP1 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.
TAMP1 provides sophisticated applications to extract greater value for engaging clients. It also enables better integration of diverse data. It also offers agile innovation and the ability and scalability to adjust to client needs on demand.
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
- Manage more and diverse product types on a single tightly integrated platform
- Negate the need for major future technology investments
- Helps support client centricity, reduce operating costs and accelerate time to market.
Find out more about TAMP1 and see how it can transform your wealth management firm.