Today’s customers are demanding greater transparency and a wider range of products from their wealth managers. You not only have to cater to an increasing proportion of elderly and retired clients but also the emerging segment of young, connected and discerning customers. Existing processes need to be continually reassessed while also complying with regulations and maintaining profitability.
TCS BaNCS for Wealth Management Solution’s modular framework is aligned to business requirements from a range of financial and insurance organizations and it can support equity, fixed income, mutual funds, and money market instruments. Its flexibility also allows new and associated asset classes and instruments to be added on with ease.
Boost efficiency and profitability
TCS BaNCS for Wealth Management facilitates enterprise and end-user needs through its advanced breadth and depth of features that offer the following benefits:
- Enhanced advisory management – helps onboard independent financial advisors as well as internal and externals advisory firms while keeping firm-wide hierarchies in check.
- Financial planning – records and projects financial needs and available resources to identify appropriate saving strategies.
- Portfolio performance measurement – uses a recommended return calculation practice, including a Daily Time-Weighted Return (DTWR) approach with a modified Dietz method for performance computation
- Portfolio analytics – offers multi-dimensional dispersal analysis of client portfolios to help you understand how you have added value to a client portfolio and empowering you to provide meaningful allocation advice to your clients
To know how TCS BaNCS can help you manage your wealth and develop a competitive advantage, email us at firstname.lastname@example.org.
View Brochure: TCS BaNCS for Wealth Management