Our portfolio reporting capability, powered by WealthTouch™, has not only made our client service better but has also made us more competitive in the marketplace.
“As much as 30-40% of our clients’ assets are held outside our bank. We went looking for a partner who could develop and maintain multi-sourced data from across a client’s entire portfolio. Not only did we need to track and report on those accounts but eventually we wanted to manage more of the portfolio too.
Our portfolio reporting capability, powered by WealthCenter™, has not only made our client service better but has also made us more competitive in the marketplace. Clients have chosen us precisely because WealthTouch helps us paint an accurate and timely picture of their total value.
Working with WealthTouch, we can bring more speed, accuracy, and flexibility to portfolio aggregation and reporting. We count on WealthTouch to bring the same level of intent and respect to our clients that we do, and they deliver.
That is their ultimate value to our business.”
“Our client families have sophisticated investment plans that span multiple asset classes and are reported from numerous sources. Compiling this information took a great deal of time, energy and resources. We sought a better process for aggregation and reporting, but did not want to invest heavily into developing our own system—why build it from scratch if it’s already built? Given our current growth trajectory, we needed a partner that could scale with us without placing a burden onto their systems and resources. Over several months, we assessed many firms for our reporting needs, and after an exhaustive process, determined that WealthTouch was the best choice.
Now we have the ability to aggregate, reconcile, and report on our clients’ positions, asset allocation and performance, all from one system. Ultimately, it’s about getting accurate and timely data in a format that is clear and concise, and with which we can make better-informed decisions. Now, instead of tediously reviewing statements for accuracy and completeness, we are able to productively focus on the management of those assets.
At the end of the day, we chose WealthTouch because they have the people, process and technology to provide us with the required functionality and flexibility to effectively meet each of our clients’ diverse reporting needs, no matter how large or complex.”
“I came from a private bank to an SFO where, much to my surprise, we were still using simple spreadsheets to track diverse assets. As a result, we had no way to quickly give the family a consolidated view of their financial picture. What’s more, the constant coding and manual data entry that went along with internal reporting and expense management made us nervous for audit purposes.
We needed a more elegant solution to get the right speed, flexibility and accuracy for portfolio and expense management reporting. Working in partnership with WealthTouch, we’ve now organized what were previously separate activities into one solution for greater accountability and much better risk management.
Today the level and quality of our data is much higher, and I can spend more time analyzing the results and spot checking vs. inputting and coding data. Because of WealthTouch, we can literally look at one page to get the family’s whole story, and there’s a huge amount of comfort in that for us and the family.
There’s no way we could do that without WealthTouch.”