An independent, privately owned money management firm offers retirement and estate planning services to individuals, corporations, and nonprofits with high net worth. This investment group selects its investments based on meticulous in-house research which involves tailoring an investment plan for every client.
The firm’s personal touch includes staying on top of every investment selection by making sure assets perform optimally and that holdings are adequately allocated. This includes creating detailed investment oversight and client meeting reports. Prior to the introduction of a data management solution, compiling such personalized client reports required manually integrating information from several sources prior to analyzing it. The process often took numerous hours to prepare for just one client meeting.
The investment group sought a way to simplify the process. BlueGranite worked with the firm to understand their needs and develop a solution. One component of the solution involved master data management capabilities to define asset targets, based on the group’s meticulous research, to specify how much of a client’s wealth should be invested in a particular area. By integrating data from multiple systems with this master data, account managers can now quickly identify which client allocations are off-target, and to what extent, so they can take appropriate action. Account managers have access to several detailed views of individual or multiple accounts. And the lengthy client meeting reports that formerly took hours? The BI system pulls them together in minutes which saves valuable preparation time.
The data management solution involves a data warehouse which integrates information from several disparate sources, cleanses and standardizes it, and enhances it with master data, key performance indicators, and calculations. The secure system, which ensures users only see what is necessary for their role, offers end users structured reporting views as well as ad hoc query capabilities. Information about holdings, balances, and performance is always readily available.
We’d love to help you explore the many ways delving into data can enhance your organization’s performance. Contact us today.