Software
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Are you closing new business with personalized proposals?
Because the competition for high net worth clients continues to intensify, wealth managers need efficient tools so they can seamlessly convert prospects to clients. NorthStar offers wealth management firms two options:
- NorthStar Desktop allows firms to automate and streamline the client acquisition process as part of an integrated wealth management platform.
- NorthStar Client Acquisition Solution provides firms a single solution to improve their client acquisition process without employing a full platform.
Both offerings help wealth managers quickly capture targeted client and prospect information, accurately assess clients’ financial situation, and generate compelling, compliant proposals stored for convenient access. Freed from manual document production, time-consuming data entry, and endless product research, wealth managers can focus instead on driving assets under management. NorthStar software allows firms to generate proposals that enhance the professionalism and credibility of their wealth management teams.
By improving your ability to acquire clients, your wealth management team will:
- Increase productivity by reducing administrative tasks through standardized, team-based workflows that generate professional, firm-branded and compliant proposals.
- Save time and reduce errors through centralized investor profiling that leverages all client data such as investment risks and constraints across all workflows.
- Close more prospects by generating personalized proposals within an hour.
- Gain competitive advantage through firm-branded proposals that include custom content, comprehensive financial assessments with hypothetical analytics and pertinent statistics, and consistent classification and assumption data.
- Gain additional assets under management by identifying underperforming held-away assets for conversion to more appropriate firm products.
- Accelerate client acquisition by using targeted prospecting based on profile data, investable assets and number of proposals sent.
- Improve risk assessment and profiling through tools that tailor the process to advisory policies and wealth tiers.
- Reduce the cost of under-used point applications such as third-party mean variance optimization calculators and wealth management analytics tools.
- Increase efficiency and reduce errors through centralized storage of all wealth management data, including branded proposal templates, disclaimers, and historical performance data.
- Improve proposal look-and-feel through a centralized proposal system that accepts content in any format (Excel, Powerpoint, or PDF) and produces consistent, professional output with page numbering, branded formatting, and standardized headers and footers.
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Key Capabilities
Acquire more clients with:
- Prospecting & Client Profiles
- Complete, centralized data capture of client profile, including demographic, financial planning, portfolio, risk, relationship, and investment policy
- Straight-Through Processing for Wealth Management™ that automatically brings client profile data into asset allocation, proposal and portfolio construction processes
- Tailored risk questionnaires with automatic risk profiling based on wealth tiers
- Targeted prospecting based on profile data, investable assets and number of proposals sent
- Professional, personalized, and compliant proposal generation that can be integrated with a firm’s preferred proposal template
- Centralized wealth management data and document generator
- Firm introduction proposals
- Model asset allocation and model portfolios
- Analytics built into the workflow process for analysis of the client’s current financial situation and wealth scenarios projections
- Consistent, centralized classification and assumption data
- Portfolio and net worth opportunity capture, including external holdings
- Hypothetical cash flow and growth of dollar models
- Investment analysis at any level of a client’s hierarchy, including both internal and external holdings. Client relationships can also be evaluated according to how much money is associated with each, thereby identifying key client decision-makers.
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