Wealth Management

The economic crisis and impending regulation in the form of the Retail Distribution Review is a major turning point for the financial services industry. Perhaps more important is the shifting expectation of clients with the digital world now becoming a way of life for the old as well as the young. Providers of Wealth Management services have the option of either doing enough to meet the requirements of the regulation or to fully embrace the Darwinian shift in customer behaviour and make their proposition relevant for this new chapter in financial services.

Our experience in supporting Wealth Managers is extensive and we have the knowledge and insight to develop practical and deliverable solutions for Wealth Managers who desire to respond innovatively and rapidly to the changing needs of their customers.

Our current Wealth Management solution portfolio includes:

  • Successful Distribution Strategy Development - a structured process that utilises our external market insight and considerable experience to help clients to quickly identify appropriate alternative distribution channels and establish a practical and comprehensive "go to market" plan encompassing all key facets from operational requirements through to sales plan creation.  In addition, see: Exploiting Digital & Social Media
  • Investment Solution Challenge Process - A proven 2 stage process to assist Wealth Managers to quickly produce a blue print for an investment solution capable of being challenged and tested to ensure quality, robustness, deliverability and consumer traction
  • Wealth Manager Operating Model Creation - Utilising our knowledge of the necessary components /competencies, the potential efficiencies available and the platform /systems market our template can fast track the creation of a customer centric and fit for purpose Wealth Management operating model
  • Adviser Charging Communication Planning/Delivery - A five step process to assist wealth managers design and communicate their adviser charging proposition with an emphasis on training the wealth managers to enable them to communicate the charge to existing and new clients
  • Customer Portal Build -A proven, low risk route map that enables Wealth Managers to build a customer portal that enable their clients to access information and data about their investments.
  • Financial Planning Tools - which one and why? An innovative unique selection process that replaces the out-moded and over-simplified functionality checklist with a combination of usability deployability and provider insight to deliver a comprehensive assessment tool. This is augmented by our access and insight on many of the new to market offers available through our exclusive sponsorship of the European Finovate Conferences of 2011 and 2012
  • Building a Personal Financial Planning Tool - as a complimentary solution to our Financial Planning Tools selection approach we have in-depth hands on experience of the design and build of a bespoke financial planning tool from initial concept development and market positioning through software design and build to launch. This is delivered as a structured, phased process that reduces risk and manages investment based upon clearly identified thresholds.

See also: Responding to RDR, Exploiting Digital & Social Media, Managing Change Successfully, Performance Improvement