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 Situation
Solution
Benefits
SituationOne of the cornerstones of wealth management is the initial planning proposal. It not only sets out a financial strategy for clients but is critical to the sales process. In an increasingly competitive market, the quality of a planning proposal can often make or break a client relationship. However, for all too many financial service providers, creating an effective wealth management proposal can be a costly and time-consuming process. Gathering and entering client data is often prone to errors and inconsistencies. Disparate technologies and data stores make it difficult to compile effective analysis. And with a cumbersome workflow, advisors are often unable to deliver timely advice as quickly or as frequently as clients expect.
SolutionWith a wealth management proposals solution based on the Microsoft Office System, financial planners are able to build a client profile using a single Microsoft Office InfoPath form. The results are posted to Microsoft SharePoint Products and Technologies sites for planning. In the SharePoint sites advisors can use a dashboard to monitor their clients financial progress. Three key areas of the planning process benefit: Faster profiling | • | Client data collected through the InfoPath form can be transformed instantly into financial profile reports. | | • | Convenient drop-down menus make it easier to enter data. | | • | Asset templates standardize the data input process, ensuring all necessary data is collected. | | • | Task panes provide instant access to planning resources such as college costs look-ups, stock quotes, and mutual fund data. |
More effective planning | • | SharePoint Products and Technologies streamlines collaboration on client data with product specialists. | | • | Different planning scenarios are executed and compared on a single screen. | | • | Dynamic presentations can be built using familiar technologies such as Microsoft Office Word 2003 and Microsoft Office Excel 2003. | | • | Information Rights Management secures documents and prevents them from being forwarded or changed without proper credentials. |
Detailed monitoring | • | A dashboard provides an immediate, real-time picture of a clients financial situation. | | • | The system stores previous client presentations, transactions and other activities. | | • | Customer records can be accessed remotely and securely anywhere, anytime, using Microsoft .NET-connected technologies. |
See the Demo
See how the Microsoft Office System can streamline your entire financial sales process, from initial fact-finding, to analysis, to financial plan generation.
BenefitsA wealth management solution based on the Microsoft Office System can help financial organizations: | | • | Replace current manual data collection and analysis methods with a single, efficient workflow that reduces administrative tasks and redundant data entry. | | • | Provide a systematic approach to planning so that advisors can apply the firms best practices and give superior planning advice regardless of their skill and experience levels. | | • | More effectively leverage the skills and expertise of financial specialists within the organization by providing advisors with a collaborative workspace. | | • | Maintain consistent standards and procedures needed in a marketplace increasingly governed by compliance regulations. | | • | Enable advisors to develop more timely and effective planning strategies, including more frequent updates to build and maintain relationships. |
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