- Head of global reporting, Global Top 10 Private Bank

For private banks, deeper insight into a client's total portfolio leads to greater assets under management.

In addition to the general client and market challenges, Private Banks contend with:

Antiquated Technology

Banks are set up for traditional investment management and reporting, and lack the resources and time to build or adapt systems to handle rapidly evolving reporting demands.

High Operating / IT Costs

Banks typically over spend on manual intervention and retrofit for the UHNW segment because the legacy technology cannot handle new asset classes and financial instruments.

Organizational Barriers

Banks are not configured to provide a client’s complete wealth picture when assets reside with other banks, custodians and managers.

We offer solutions through our information platform called WealthCenter™ to help close the gap between legacy systems and new service needs, at a greater implementation speed and significantly lower cost than other options.