The need for regulatory compliance has never been as great. Retail financial institutions dealing with private clients are no exception and must be able to present exemplary records of their dealings and transactions to the appropriate regulating authorities.

activebank Wealth Manager provides an inherent level of compliance to its users by automatically generating audit trails for each and every transaction. Portfolios can be rebalanced against client mandates at the touch of a button, to ensure that investment policies are being adhered to at all times. This type of functionality ensures that our customers are fully prepared to meet MiFID requirements that will come into effect in November 2007.

Our wealth management solutions can help you to increase your assets or funds under management without having to make a corresponding increase in headcount. Automating the wealth management lifecycle means that your relationship managers can spend more time with their clients and working on new business, and your portfolio managers have the ability to handle significant increases in the volume of portfolios that they can manage at anyone time, without sacrificing investment performance.

Information is stored in a central data repository which feeds data in and out of the system as required, so that your staff have got the information they need to do their jobs effectively at their fingertips. You can use our solutions to completely automate the client reporting process, turning a once manual, time-consuming task into an efficient, streamlined process - adding value to your clients, re-assigning your staff to more productive tasks, and increasing client satisfaction and retention rates.

The benefit of developing systems on Microsoft technologies is that the associated cost of ownership is kept to a minimum. The upfront investment in hardware is negligible; many implementation scenarios require only a single installation of MS SQL Server making it an attractive proposition for family offices and smaller wealth managers. And for larger private banks and institutions integration with existing systems is a simple process.

In addition to low total cost of ownership, additional cost savings are achieved by overall improvements in efficiency. Less duplication of effort, automation of processes and reducing manual administrative tasks will not only reduce errors and rework, but frees up staff to focus on revenue generating activities.

Acquiring new business is one of the key drivers for wealth management organisations. As the market continues to grow the typical investor demographics are changing. Old money is being replaced by new as entrepreneurs and company executives become the prime targets for client acquisition.

However, this new breed of investor is both investment and technology savvy, with high expectations of how their assets and financial affairs are managed. To acquire and retain these clients, wealth managers need to make the transition to becoming life managers; offering holistic advice and offering a flexible approach to meet their clients’ investment goals.

Due to the nature of those who make up this ‘new wealth generation’, failure to meet their needs will result in lost business. These clients will not hesitate to go elsewhere if they are not satisfied with the services provided. Technology is going to become the key differentiator in meeting the needs of this new type of investor.

We offer improved front office tools such as integrated risk analysis and adviser capabilities, advanced web-based client reporting and integrated CRM functionality are becoming a must and will enable better flexibility in the types of products offered.

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