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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.

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Renewed Need for Proactive Compliance
Infosys highlights internal and external compliance controls

Do you have a best practice-based compliance system in place? Are regulators on their way, or worse, standing outside your door? These are questions all wealth management players, even ones who are not regulated by state and federal laws, are asking in the wake of recent national headlines in which some of the largest, most well known brokerages were paid an unfriendly, and costly, visit by the government.

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Are You Staying Competitive?
Three industry analysts report

Advisors are spending far too much effort making technology work for them, according to reports recently released by key wealth management industry analysts: the Aite Group, Celent, LLC, and Datamonitor.

These analysts agree. Firms must address the advisor productivity issue by integrating their online platform into their overall wealth-service proposition — enabling advisors to use it as a tool for research and education, in addition to attracting new clients.

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U.S. Wealth Wars Heat Up

Consolidation — and cooperation — is the name of the wealth management game among large U.S. banking groups, who are moving to better integrate their investment banking, consumer banking and brokerage operations in an effort to work together more closely, create more competitive wealth management advisory offerings, and enhance their financial relationships with existing clients.

The goal: to capture a bigger slice of the financial pie.

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News
Christopher Larsen Joins NorthStar Advisory Board »
April 24, 2007
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NorthStar Launches Solutions to Critical Wealth Manager Challenges »
April 11, 2007
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NorthStar Selected as Finalist for the Red Herring 100 Award »
April 9, 2007
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NorthStar Achieves Advanced Industry Optimized Status in IBM’s PartnerWorld Industry Networks »
March 13, 2007
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One in ten Americans fear losing their job, despite nation’s improved 4.5% jobless rate
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Upcoming Issue
• Introducing NorthStar 5.0 with Straight Through Processing for Wealth ManagementTM
• Ways to Accelerate Business Development
• Hedge Funds Lose Favor with Ultra Wealthy

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Whitepaper
Get your 2007 Wealth Management Best Practices Guide, published by NorthStar and Infosys.

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NorthStar Compliance
Give yourself an early warning system for detecting both internal and external compliance issues before the SEC does.

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Infosys
Find out why 3 of the top 5 brokerages and 4 of the top 10 banks chose the Infosys Compliance Practice.

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Return on Investment
Find out how much you can increase revenue by implementing a SOA-based integrated advisory desktop.

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