FolioDynamix continues its run of hiring top industry executives as we advance our leadership position in wealth management technology and programs. The latest addition to the FolioDynamix leadership team is Mark Herman. As Chief Financial Officer of FolioDynamix, Mark will oversee all financial management for the company, including financing strategy, accounting and budgeting, and play an integral role in evaluating potential acquisitions to drive company growth. Continue reading
Investment performance reporting and analysis – are you competitive with other firms?
The Report & Perform phase of the wealth management lifecycle is critical to your ability to survive as a wealth management service provider. Offering robust investment performance reporting is necessary on many fronts – advisor visibility, home office governance and client transparency to name a few.
Are you happy with your firm’s reporting capabilities? Continue reading
Wealth management: how to better monitor, manage and rebalance across all of your accounts as AUM grow
The Monitor & Manage phase of the wealth and investment management lifecycle is often one of the most difficult for wealth service providers. In building the best wealth management platform, the creation and establishment of asset allocation and investment models is only half of the equation. How you monitor, manage, trade and rebalance accounts should be equally as important – especially in times of economic volatility and financial market fluctuation. Continue reading
Posted in Technology, Wealth Management Best Practices
Tagged FDx Manage, Order Management, rebalancing, Trading, UMA, UMH, Wealth Management
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Unified managed account (UMA) and rep-as-portfolio manager programs drive growth in wealth management
As the interest in deploying unified managed account (UMA) programs increases, several industry groups have taken polls to gauge the expected growth versus other programs. A FundFire poll (login required) this week showed UMA winning the most votes, while an Aite Group poll earlier this month showed Rep as Portfolio Manager (rep-as-PM) as the winner in terms of asset growth. So where do we stand? Continue reading
Posted in Market Trends
Tagged portfolio manager, rep as PM, UMA, unified managed account, Wealth Management
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5 capabilities for better investment model management
In this blog post, we explore how investment model management technology can support the Model phase of the wealth management lifecycle.
Proprietary investment models can serve as the foundation of a wealth business value proposition. Whether these models are developed at the home office or by financial advisors running rep as portfolio manager (rep as PM) programs, investment models can be a key competitive differentiator. Continue reading
Effective proposal generation – Part II: The Technology
In today’s competitive environment, winning new client business and retaining client trust are critical – and that starts with proposal generation that meets a client’s unique needs and differentiates you from other firms.
FolioDynamix designed FDx Propose with your key business criteria in mind. Available in a web-based, software-as-a-service environment, FDx Propose will give you customized proposal generation with just the right amount of system flexibility, down to the user level – with low overhead, rapid deployment to advisors and easy accessibility. Continue reading
Posted in Market Trends, Technology
Tagged FDx Propose, FolioDynamix, proposal generation, Wealth Management
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Effective proposal generation – Part I: The Methodology
This is part of a FolioDynamix blog series on “Getting to Know the FDx SingleSight Platform,” which is designed to introduce you to new tools and best practices for growing your wealth management business.
As a wealth management firm, the first impression you make is critical to the client relationship – starting with the Prospect & Onboard phase of the wealth management lifecycle. Investment proposal generation and the investment policy statement (IPS) are often a big part of that first impression and can determine whether or not you earn a client’s trust and business. How do your proposals measure up? One size fits all? Not enough detail? Too much detail? Does each proposal effectively illustrate each client’s unique current financial situation balanced against a proposed solution that clearly meets their needs and risk tolerance? Continue reading
FolioDynamix forum buzz – wealth management firms and money managers collaborate
Last week, I attended our annual client forum in Chicago. This event is not the typical technology firm client conference – instead we use it as an opportunity to bring a selection of money managers together with senior executives from our client base of broker dealers, banks, large RIA firms and other wealth service providers. We do this to give our clients the opportunity to learn more about various investment strategies and to collaborate with each other on trends and challenges of doing business in the wealth management industry – with particular emphasis on delivering better performance for their clients. Continue reading
Modern technology for today’s wealth management demands
While some people still collect and spin vinyl records for the nostalgia, most have abandoned old record and tape collections in favor of CDs and digital downloads. Likewise, broker dealers, banks and custodians are abandoning legacy technologies in favor of new, more modern technology platforms in order to keep pace with the growing demands of clients, regulatory forces and the competition. Advisors are demanding a toolset that gives them end-to-end visibility across the wealth management lifecycle and allows them to manage complex client accounts with greater ease and effectiveness. Continue reading
Posted in Technology
Tagged BPM, FolioDynamix, Order Management, Process Improvement, Trading, UMH, unified managed account, Wealth Management
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Building on our credentials
FolioDynamix is both a technology company and a research and investment analysis firm. Technology is only as good as the content and information that drives it, and so while we strive for innovation in our software, we also continuously seek to deliver the best investment analysis possible to our clients. We are pleased to announce that Shari Hensrud-Ellingson, chief investment officer for FDx Advisors (the research arm of FolioDynamix), has just received her CIPM from the CFA society. This adds to her already impressive list of credentials that includes a Ph.D. and an M.B.A. as well as past experience as the Chief Investment Officer for Alerus Financial. Continue reading