Introducing NorthStar Wealth Manager Solutions
Wealth management businesses are undergoing significant change — from intensifying competition to increasing demands from savvy clients who want holistic advice and more sophisticated investment choices. Not surprisingly, product complexity has increased 60% in the last three years, according to a 2006 VIP Forum survey. However, adoption rates of previously purchased, unintegrated point applications remain low. As a result, two-thirds of advisors claim the time they spend on internal, non-client-oriented administrative activities has increased substantially, to almost one-third of their working hours.
To effectively streamline wealth managers’ tasks and drive productivity, NorthStar is now offering pre-packaged, pre-integrated solutions that address wealth managers’ top pain points: compliance, client acquisition, product catalog and client reporting. Delivered on-premise or on-demand, the NorthStar Solutions can be deployed independently to complement your existing systems or in conjunction with other products to speed time to value for wealth management firms of all sizes.