Serve clients across the wealth continuum on a flat-fee advisory basis.Wealth managers are finding success with two approaches: Meeting the needs of today’s customers requires a business model that is at the same time efficient and adaptable to individual clients. The changes are also helping them meet their regulatory obligations, boosting the productivity of relationship managers (RMs), and lifting compressed margins.įor wealth managers interested in pursuing these benefits, this article lays out the potential of deploying advanced analytics and offers a playbook of measures that wealth managers should consider including in a digital transformation. 1 For an in-depth look at how some of these elements are being developed in an overall banking context, see our collection “ Building the AI bank of the future,” May 2021,. Some leading managers are building modular data and IT architectures, which enable smart decision-making, personalization at scale, and more extensive product offerings.

This will support advisory and non-advisory activities and service everchanging investment preferences. Wealth managers are unlikely to be able to serve modern clients effectively without a digitized operating model. to support robo-advice client journeys, hybrid advisor experience or other technology platforms such as CRM, Portfolio Management or Financial Planning software.This article is a collaborative effort by Anutosh Banerjee, Fumiaki Katsuki, Vishal Kaushik, Aditya Saxena, Sanchit Suneja, and Renny Thomas. OPAL Planning is also available as a high speed REST API, which enables organizations to implement the capabilities directly into existing platforms or client-facing web applications, e.g. The application can be linked to external data sources, supports single sign on and the look and feel can be adjusted to provide a seamless experience for the user. OPAL Planning can be deployed as a plug-and-play user interface that supports advisors to efficiently support their client base with Goal-Based Planning and/or Retirement Planning. Provides additional functionality with further insights into life events such as early death.Īvailable as plug and play UI or flexible REST API Supports advisors with MiFiD II compliant product advice related to suitability and appropriatenessĮnables enhanced product advice, through a holistic overview of a client’s financial situation based on an integrated cash flow plan OPAL Planning can be deployed through three different modules: OPAL Planning differentiates itself from all other financial planning tools by integrating the effect of investment risks on the realization of expenditure goals. Additionally, OPAL Planning offers a fully integrated cash flow planning to enable easy identification of possible budget shortfalls or surpluses, which supports efficient decisions. OPAL Planning uses realistic portfolio projections of institutional quality, based on monthly updated economic scenarios for more than 700 asset classes, which can be linked to client financial goals. Together with a fully integrated cash flow planning tool for a holistic view on the client situation, the tool addresses both income and investment risk. OPAL Planning provides forward-looking insights into whether clients are on-track regarding their investment objectives.

Cashflow software for advisor