Consulting

Wealth and Asset Management

The wealth and asset management market has become highly competitive and complex as a result of the stringent compliance regulations that vary from market to market. Therefore, it has become essential for companies to be able to adapt quickly to the changing business requirements.

TCS’ Wealth and Asset Management consulting services leverage its vast experience gained by delivering transformational and integrated consulting and technology solutions to enable you to successfully manage your clients’ wealth. We help you to stay focused on your core activities by improving trading services, harmonizing and standardizing your business processes, and enhancing reporting capabilities to better meet your client needs.

Client Challenges

  • Demographic and economic shifts causing trillions of assets to be turned over to younger generations, requiring constant evolution of your customer service strategies
  • Regulatory compliance mandates and demands for transparency, driving the need to better monitor and manage risks for clients as well as companies
  • Renewed focus on client service and retention to overcome the inherent distrust created by the recent economic crisis
  • Mergers and acquisitions driven by the need to create economies of scale, and the growing client perception that banks’ wealth management services are more secure than non-bank broker / dealers. Therefore, requiring the integration of processes, operations and platforms into a single coherent business unit
  • Heightened customer expectations to develop an integrated and unified view of portfolio across channels, products and services

What TCS Provides

Our in-depth knowledge and expertise combined with our proven suite of process methodologies and active collaboration with TCS’ Technology Centers of Excellence (CoE) has enabled us to create a unique value proposition that delivers high performance and profitability.

Our services for wealth and asset management firms include the following:

  • Business model definition and assessment for a range of services and products like the following:
    • Equity, Debt, Mutual Funds
    • Exchange Traded Funds, Hedge Funds, Private Equity, Pension Plans, Trusts, Real Estate, Tax Harvesting
    • Separately Managed Account (SMA), Unified Managed Account (UMA)

      We also provide client segmentation and diversification strategies like the following:

    • High Net Worth
    • Family Office
    • Ultra High Net Worth
    • Mass Affluent
    • Mainstream

       Our services help you innovate within your offerings and define strategies across
       geographies.

  • Benchmarking wealth management practices and processes with reference to the following:
    • Scalability of services
    • Distribution channels for advisor / client collaboration
    • 360-degree client reporting
    • Real / near real-time Portfolio Risk Management (through exposure / concentration / sensitivity analysis)
    • Integrated advisory desk for enhanced advisor productivity and regulatory compliance with the governance processes in vogue
    • Framework for implementing investment policy statements
  • Transformation roadmap to move from “current state” to  “future state” by assessing wealth management technology platforms and their ability to support efficient business processes, information management and advisor resourcing. This also includes comparing key platform attributes with industry best practices to determine potential improvement opportunities and develop tactical, medium and long-term recommendations.

TCS’ Wealth and Asset Management consulting services leverage its vast experience gained by delivering transformational and integrated consulting and technology solutions to enable you to successfully manage your clients’ wealth. We help you to stay focused on your core activities by improving trading services, harmonizing and standardizing your business processes, and enhancing reporting capabilities to better meet your client needs.

Business Value

We work toward creating optimum business operating models and redesigning your business processes to deploy effective and efficient transaction platforms. Our successful track record combined with our growing repository of global best practices and reference frameworks will allow you to enhance your service portfolio and expand businesses to emerging markets.

Additionally, our services help you with the following:

  • Operationalize your strategy with rationalized and redefined wealth management processes, thereby obtaining an agile business architecture that effectively responds to changing market dynamics, regulatory imperatives and higher standards for customer experience
  • Utilize our business process models and consulting methodologies, encompassing industry best practices and in-house knowledge repository, to help you achieve optimal efficiencies in the following areas:
    • Order management
    • Portfolio management
    • Client performance reporting
    • Regulatory risk management

Reach Us.

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