Wealth management software, such as Simply Grow’s SMART, is an essential tool for financial advisors to efficiently manage their cash flow and invest in the growth of their business.
One of the key benefits of this software is its ability to calculate bills in a timely manner, using flat fee or % AUA logic (based on daily average AUM or pro-rate based on transaction dates).
Additionally, it supports performance hurdle-based fee calculation for accredited investors. This feature helps advisors stay on top of their cash flow and invest in the growth of their business.
Key Benefits Of This Software
a) Timely Bill Calculation
Wealth management software is the ability to present bills with detailed supporting tables. Clients can see all their bills, investment-wise, in a ledger. This feature helps clients understand their bills and facilitates the timely collection of fees.
Additionally, wealth management software allows advisors to collect bills on time. The system uses auto-created e-mandates for collecting the bills presented. This feature helps advisors manage their cash flow and invest in the growth of their business.
In addition to its bill calculation and collection capabilities, wealth management software also provides advisors with the ability to manage multiple assets and investments.
The software allows advisors to build and manage portfolios with a range of asset classes, including stocks, bonds, mutual funds, and real estate. This multi-asset building capability allows advisors to create diversified portfolios that align with their clients’ investment goals and risk tolerance. It also enables them to quickly and easily adjust portfolios as market conditions change or clients’ needs evolve.
Ability to Manage Multiple Assets and Investments
Its ability to calculate bills in a timely manner and present clients with detailed supporting tables, wealth management software also allows for the collection of multiple assets. This feature is especially useful for financial advisors who manage multiple clients and their respective portfolios. The software can handle multiple billing cycles, meaning that it can calculate bills for different clients at different intervals, such as monthly or quarterly. This allows advisors to keep track of their cash flow and manage their business more effectively.
Handling Multiple Billing Cycles and Currencies
This software can handle multiple currencies, making it suitable for advisors who work with clients in different countries. This feature is particularly useful for advisors who manage portfolios for international clients, as it allows them to collect fees in the currency of the client’s country. This feature also facilitates the collection of fees from different clients, whether they are in the same country or different countries. This helps advisors manage their cash flow and invest in the growth of their businesses.
Building Multi-Asset Portfolios
Additionally, the software also allows for the building of multi-asset portfolios. This feature enables advisors to manage multiple assets, such as stocks, bonds, mutual funds, real estate, and alternative investments, all within one platform. This feature also allows for rebalancing and tracking the performance of multi-asset portfolios, as well as creating custom reports. This helps advisors make more informed decisions and provide better advice to their clients.
In summary, this wealth management software helps SEBI Registered Investment Advisors manage their cash flow efficiently. The software provides a detailed bill calculation engine that is configured for different asset classes and investment plans. It also presents clients with detailed drill-downs to facilitate the timely collection of fees. The software enables advisors to handle multiple Traduzione di Currencies enables advisors to collect bills on time.
