Unlocking Efficiency & Client Focus in Asset & Wealth Management using Robo Advisor Accelerator
Overview.
Seeking to elevate operational efficiency and client satisfaction, a prominent Asset & Wealth Management firm recognized the value of advanced technologies, specifically a Robo-Advisor platform. However, the challenge of building such a platform from scratch, requiring significant investment and expertise, proved to be a major hurdle.
Time & Talent Crunch: Building a Robo-Advisor requires significant investments in time, skilled personnel, and cutting-edge technology. This can strain existing resources.
Integration Intricacies: Integrating various components like portfolio creation, rebalancing algorithms, tax optimization, and risk assessment can lead to technical complexities and delays in launch.
Core Competency Compromise: The time and effort required to develop a robo-advisor can divert focus from core strengths and deliver exceptional value to existing clients.
Solutions.
Coforge's Robo-Advisor Accelerator tackles the challenges faced by wealth management firms, paving the way for a faster and smoother launch. Here's how it streamlines the process:
Effortless Portfolio Design: Create tailor-made model portfolios that cater to your clients' specific needs and risk profiles, streamlining the process.
Intuitive Business Rule Engineering: Easily configure operational parameters to seamlessly align with your unique investment strategies.
Simplified Risk Assessment: Streamline investor profiling for accurate risk assessment and personalized asset allocation strategies for every client.
End-to-End Robo-Management: Leverage Coforge's expertise to handle the entire Robo-Advisor infrastructure, from data management to portfolio execution, freeing your team to focus on core competencies.
The Impact.
Faster Launch & Market Advantage: By leveraging pre-built components and streamlined integration, the firm slashed its launch time by 40%. This swift deployment secured a competitive edge in the market.
Cost Savings & Efficiency: The Robo-Advisor Accelerator yielded a remarkable 38% cost reduction compared to building from scratch. Eliminating extensive development and pre-built modules significantly reduced upfront costs.
Enhanced Client Satisfaction: The ability to personalize robo-advisor offerings based on expertise and individual needs resulted in a 25% increase in client satisfaction. This translates to higher client engagement and loyalty.
Scalability for Growth: The robust and scalable platform ensures the robo-advisor evolves alongside business needs. It seamlessly expands to accommodate future growth, future-proofing the firm's wealth management infrastructure.;
