WealthSpectrum - Modular Wealth Management Platform with integrated CRM

Wealth management industry is undergoing a radical transformation. The industry transformation, market volatility and the changing customer profile and expectations are posing new challenges for the technology as an enabler of the change. The expectations and requirements of the emerging industry are equally radical and cannot be fulfilled by previous generation solutions. WealthSpectrum has been designed with the focus on the emerging trends and business requirements, and has been developed with the current technology standards and open architecture for:

• Banks (Private banking)
• Asset management companies
• Broker / Dealers
• Investment advisors
• Separately Managed Account (SMA) providers

The flexibility, scalability, security and reliability make it a real enterprise class solution. It can be implemented as a small workgroup product or as an enterprise solution with a large number of users.

The component based modular architecture provides flexibility to build customized products or solutions or can be integrated with existing infrastructure. We offer WealthSpectrum and our services for:

Building Products for product vendors:

• Building state of the art portfolio management products using the core engines and modules.
• Integrating with core banking solution for private banking.
• Offering added functionality for tax accounting products.

Offering Customized solutions for the industry:

• Building privately labeled solutions for RIAs and private banking services.
• Developing solutions for separate account providers.
• Integrate modules as required with the existing infrastructure.

Developing or enhancing financial services portals:

• Enhancing and enriching portfolio management and reporting functionality on trading and financial portals.
• Developing web based application for providers of fee based services for capital gains accounting and performance reporting.

Applied Software provides comprehensive services for customization and integration.

WealthSpectrum Overview

WealthSpectrum covers portfolio transaction processing with detailed cost basis accounting, performance reporting consistent with AIMR standards, tools for actionable tax management, portfolio customization tools including powerful model portfolio based management, automated account monitoring and alerts, opportunity management and relationship management with collaboration and personalization capabilities.

WealthSpectrum has been designed and developed with focus on the US market and provides for tax lot allocation, wash sale detection and cost basis revision, OID and premium amortization / accretion and capital gains accounting as per US IRS norms.

WealthSpectrum has been designed with focus on the industry trends and the resulting functional requirements with architecture to meet these challenges and therefore is not restricted by the limitations of the legacy solutions:

• Near real time posting of transactions and market prices and continuously updated customer data including realized and unrealized gain / loss.
• Ready availability of critical data including holdings, cost, gain, income etc using optimized design and algorithms for efficiently servicing queries and investment management services.
• Availability of cost basis and tax lot data throughout the application.
• Support for tax aware investments - 'what - if' simulation tools, queries and reports to generate superior after tax returns.
• Comprehensive composite view of the investments and portfolios for the advisors and managers - updated in near real time - covering portfolio appraisal, best and worst performing positions, top securities, recent activities, real time monitoring alert messages, latest notes and outstanding actions with easy navigation to accounts requiring attention.
• 360 degree customer view updated in near real time with smooth navigation capabilities for comprehensive review of the account, timely actions and effective customer communications.
• Near real time monitoring of portfolios and alerts based on market conditions and a variety of portfolio level parameters such as unrealized gain or loss for a security or portfolio.
• Powerful decision support and opportunity management tools for efficient management of investments, selling and cross selling opportunities.
• Set of model portfolio and investment management tools to manage large number of portfolios with minimum efforts and with flexibility for customization in terms of client preferences for investment style, sector allocations and cash balances and with tax efficiency.
• Integrated industry vertical CRM capabilities.
• Component based modular J2EE architecture.
• Browser-based application - easy to manage -- access anytime, anywhere.
• Fast and easy integration across applications and organizations using internet standards including XML and web services.
• Optimized database design and algorithms for high performance queries, decision support system, near real time monitoring and alerts and investment management services.

For further information on WealthSpectrum product suite email us: products@appliedcommerce.com