Financial planning, practice management, and investment management sit on separate silos and rarely integrate from the point of view of a financial advisor or wealth manager.
Goals and Objectives
Financial planning tools are evolving to adapt to the broader role of the wealth manager as a provider of holistic advice versus trader.
Big data and analytics to develop financial plans based on thousands of investor attributes gathered through historical investment patterns and returns, Parsing of data sets, Integration between financial planning and CRM, Open APIs, Cloud-as-a-service delivery model
Use Case Summary
Financial planning takes a broader role in client-advisor relationships, including detailed cash flow projections, account aggregation, and goals-based planning.