In order to grow, compete and succeed in a more competitive environment, wealth management leaders need real time business information about how their firms are performing, how productive their advisors are, as well as opportunities to increase revenues.
Nashville, TN (PRWEB)
August 09, 2017
Wealth Access, the industry’s largest independent personal financial management and account aggregation platform, announced today the launch of a new business intelligence application designed to provide insight into an advisory firm’s business performance.
The new platform, Wealth Access Firm Insight, provides top-down information and business intelligence to help RIAs, Banks, Trusts and Broker-Dealers make more informed business decisions while also identifying new business opportunities, along with views into advisor productivity and client satisfaction.
“In order to grow, compete and succeed in a more competitive environment, wealth management leaders need real time business information about how their firms are performing, how productive their advisors are, as well as opportunities to increase revenues,” said David Benskin, CEO of Wealth Access. “Previously, that information was hidden from decision makers or difficult to cobble together from disparate systems. Now via Firm Insight in Wealth Access, that data is immediately available via a firm dashboard to help executives and their advisors stay on top of opportunities and ways to enhance their firms.”
By being an “aggregator of aggregators,” Wealth Access is able to go above and beyond providing an aggregated view of client holdings to be able to also tap into visual-aggregated displays of clients’ entire financial situations, cash flow and budgeting, personal financial statements and integrations with financial planning systems through links to over 20,000 institutions via enterprise components and APIs.
This treasure trove of information is then aggregated at the firm level through Firm Insight so that executives are able to see, at a glance, key performance metrics such as growth rates, advisor productivity, and client relationship development opportunities, while also providing insight into compliance areas.
“Firm Insight is a powerful system that will really help us to better manage our firm by being able to…