Bullfinch Financial Planning Solution

Bullfinch Advisor Insight financial planning solution empowers your firm to deliver products and services through a fully assisted channel that capitalizes on the organizations wealth advisors capability. Leveraging Web 2.0 principles and recent technological advances, the solution brings the best in class of features to service your customers.

 

 

The high level Financial Planning Modules are given below:

 

• Clients Investment Objectives
• Lead Management
• Risk Assesment and Risk Profile Mapping
• Goals and Return Settings
• Current Assets and Liabilities
• Model Asset allocation Proposal
• Financial proposal calculations tools
• Proposed vs Actual Asset allocation
• Constant Portfolio Monitoring
• Various MIS Reports
• Simulators and What if Analysis
• Net worth Analysis & Cash Flow Analysis

 

Bullfinch supports Insurance Asset Class

Bullfinch Wealth Suite adds support to insurance asset class. Insurance investments in your portfolio can now be tracked and monitored using Bullfinch.

 

Features of the Insurance module will include:  

• Insurance Providers maintenance
• Insurance Scheme maintenance
• Scheme Master file upload from IRDA
• Transaction upload / manual entry
• Claims Entry
• Insurance Renewal
• Maturity / Money back entries
• Closure of Insurance
• Alerts
• Insurance and portfolio reports

 

Bullfinch Wealth CRM

Overview

 

Bullfinch CRM helps businesses stay focused on their customers with innovative and effective approaches to marketing, sales and customer service. This provides the essential capabilities to help relationship managers and wealth advisors improve the overall client experience to better attract and retain customers for profitable growth.

 

The big vision: Whether you use your PC, Laptop, Tablet, Smartphone or almost any other device that comes along, you'll be able to accomplish all the same tasks through all the same platform of Bullfinch. The form factor will change, but the core experience won't.
 
Features

 

Bullfinch Wealth CRM offers the following key features:

 

• Dashboard for Relationship Manager
• Activity Stream
• Customer / Prospect details
• Opportunities Tracking
• Event / Meeting management
• Calendar
• Tasks / Notes
• Email Alerts
• Account Settings
• User Management
• Import Customers
• Export Customers

 

Highlights

 

• No installation, No Downloads. Online web access
• Supports all leading web browsers.
• End to end access through Mobile devices
• Supports iPad2 / iPad3, Android tablets and Blackberry Playbook
• Elastic screen design provides same look-and-feel across the three screens (PC, Tablet, Smartphone)
• Reliable and secured cloud based access. Your data is 100% protected.
• Automatic Backups & Upgrades

 

Bullfinch Wealth as the wealth management platform

Bullfinch Wealth is a comprehensive, wealth management software designed to provide advisors with the tools they need to aggregate, allocate, optimize and monitor their clients' portfolios. Slated to go live in mid-November 2009, Bullfinch Wealth will help financial advisors to more efficiently manage the diverse assets of their clients.

"You will be very excited about the advanced capabilities and integrated nature of Bullfinch Wealth, that will help you to improve efficiency and overall level of service,".

"Bullfinch Wealth was designed from the ground up, not only to take advantage of the latest technologies and development standards, but to move away from the patch-work style of integration that characterized many first generation applications. As a result, Bullfinch Wealth is well positioned to provide the continual monitoring capabilities that are needed to effectively manage diverse portfolios on an ongoing basis. As the industry shifts to a fee-based model, this capability offers a significant advantage."

With integrated collaboration, workflow, monitoring and report generation tools, Bullfinch Wealth was designed to help financial advisors work more efficiently, to improve their level of service and strengthen their role as a trusted advisor. Among its many advanced features, Bullfinch Wealth offers an intelligent "Alert" monitoring system that alerts advisors to changes in their client's portfolios, such as those that are out-of-balance as a result of market changes, as well as event-driven alerts such as a bond maturing or corporate actions. Through its comprehensive Advisor Dashboard, it also includes a set of tools, to determine priorities and allowing advisors to focus their time on addressing the most important issues.

Financial Advisor Compensation - Fees and Commission

Financial advisors provide their clients with an objective view of their financial situation and thus offer them valuable advices on the type of investment strategies they should follow in order to achieve their financial goals. Additionally, they compensate for the time or knowledge that some investors lack.

Financial advisors can be categorized by the professional designations they possess and the types of reward structures they require in return to their services.

Commission Structure

Financial advisors may be compensated by one of the following ways:

1. Fee Only Financial Advisor

A financial advisor that charges you only a fee will leave the constructed by him plan to be executed by you. The only product that such financial advisors offer is the plans for achievement of financial goals.

Some of the advantages of hiring such a financial advisor include the construction of a comprehensive plan, which is the major product they offer to clients. Additionally, they provide you with objective recommendations that are driven by the commission you will pay to him/her. Finally, by hiring a financial advisor, who is on fee only, you gain the advantage of personal interactions in which you will get thorough understanding of the constructed plan.

On the other hand, fee only financial advisors have their drawbacks. The fee you will be charged will greatly exceed the one you will be charged by the other types of advisors. The fact that the client should execute the plan on their own may be viewed as a difficulty by many inexperienced investors. Finally, since in the course of time both market conditions and needs of investors change, adjustments on the plan should be made, which may represent an additional expense.

2. Fee Plus Commission(Percentage of Assets) Financial Advisor

This second method of compensating a financial advisor includes not only the construction of the plan, but also its execution. So, the fee is paid for the construction of the plan, whereas the commission for its execution.

Additionally, the fee may be replaced by a percentage of the assets that are under the management of the financial advisor.

Some of the advantages of the fee plus compensation advisor include the fact that not only a plan is provided but also it is executed by the advisor. Additionally, the latter provides other products in addition to the plan's development and execution, such as different types of insurances.

On the other hand, the objectivity of the financial advisor is under question. Additionally, since advisors with this compensation structure provide house products, they may not be very suitable for your financial situation. Finally, the financial advisor may be lured by the higher commission offered by some products and in his/her attempt to get that commission may overlook equally good products with lower commissions.

3. Commission Financial Advisor

Under this model, the financial advisor's compensation constitutes only of the commission s/he gets from the products you have purchased through him/her. As a result it is suitable to qualify such a financial advisor as a salesperson since his main activity is the selling of different products to his/her clients.

Portfolio Management Services

A portfolio in securities market refers to basket of securities that a person has invested into. Sometimes this includes Debt Instruments, Mutual Funds and even Bank Balance in addition to regular equities. The person designated to manage the portfolio is called Portfolio Manager. The Portfolio Manager advises, manages and administers the securities and funds on behalf of the entrusting client. The service is offered by a portfolio manager under a specific license from Securities and Exchange Board of India. This service is very similar to the one provided by Mutual Fund Managers. The difference between a Portfolio Management Service (PMS) and Mutual Fund (MF) is that of customization. In most cases MFs have preset schemes and investors join and exit those schemes at various points of time at prevailing Net Asset Values (NAV). In PMS, the client and the portfolio manager chart out specific needs of the client and the manager manages the portfolio in accordance to those needs. Sometimes the portfolio manager may also have separate ready schemes for client to choose from. As a result of this customization, client, with his specific needs, benefits. The service level in the form of reporting transactions, holdings statements etc., also are comparable or even better than that of a mutual fund.

In short, a Portfolio manager manages client's wealth more efficiently; reduce risk by diversfying across assets, sectors and funds, and improvise on returns. Expert Portfolio Manager's endeavour to find best of avenues to achieve optimum returns at managed levels of risk.

This service could also be called as "transparaent collective investments" where you get an upper hand and more ways than one.

Benefits of PMS

• Constant Portfolio Monitoring
• Professional Management
• Diversification
• Defines the customized risk and return
• Transparency
• Flexibility
• Disciplined approach in Investing

Bullfinch Features / Benefits

Key Features

• Robust, Flexible, Scalable Framework
  
• Real time Order Processing & Risk management
  
• 360 degree customer view with smooth navigation 
  
• Relationship based statements and Client Reporting 
  
• Control reports and MIS across / within asset classes
  
• Multi-entity, Multi-branch and Multi currency capability

Business Benefits

• Increase client retention       
•   proactive, personalized communication based on alerts


• Includes comprehensive view/reports      
•     To track drifts and portfolio performance

• Gain additional assets under management 
• Identify under performing held-away assets for    conversion to more appropriate firm products          
• Increase firm’s book of business - 360-degree client views


• Reduce risk by building compliance into the wealth management workflow
• Improve advice consistency by setting management ranges, firm-endorsed products based on wealth tiers

Activities in Wealth Management

Activities in Wealth Management

• Portfolios Restructuring & Engineering 
  
• Products Selection & Monitoring 
  
• Tactical & Strategic Asset Allocation 
  
• Account/Asset Consolidation 
  

Philanthropy:

To give money is an easy matter in any man's power. But to decide to whom it give it, and how large and when, and for what purposes and how, is neither in every man's power nor an easy matter. Hence, it is that such excellence is rare, praiseworthy, and noble. 

Aristotle (384 - 322 BC) 

Bullfinch Suite - Overview

If you are interested to know what is the offering by KGfSL for Wealth Management, I hope this post will answer your question.

Bullfinch (PMS) is a versatile system with investor servicing modules and web-interface for managing your client’s investment needs.

Cater to your client’s specific requirements with the help of our solution for

• Discretionary Portfolios
  
• Non Discretionary Portfolios
• Advisory Services

Covers comprehensive set of asset classes:

• Equities, Derivatives, Mutual Funds, Debt (Bonds)
  
• 3rd party PMS, Structured Products, Commodities 

Service your customers with:

• Relationship Manager’s Dashboard to allow your RMs to get a 360◦ view of their clients and track their portfolios and performance
  
• Customer’s Portal to allow your customers to view their specific reports

        Functional Block Diagram 

• An End-to-end Portfolio Management & Accounting Suite
  
• Enable Client, Entity accounting across various asset classes 
  
• Wide Investment options within a single unified platform
  

Wealth Management Solution from KGfSL

Wealth Management

• Experience the flexible, reliable and robust architecture


• Instant, fast and accurate in evolving market conditions


• Monitor your asset performance constantly
  


• Unified view and analysis across asset classes
  


• Sound decision-making advise based on information and analytics
  


• Improve productivity through easy-to-access information, and efficient collaboration tools
  

Understanding Private Wealth Management

A process based approach for accumulating, protecting and growing our private clients' wealth. Some of the ingredients of this process are.

• Investment Policy Design & Asset Allocation:

The most critical decision behind investment success is arrived at on the basis of a scientific process developed in-house.

• Investment Manager Selection :

The second most critical decision behind investment success is arrived at on the basis of a comprehensive and transparent manager selection process designed in-house. As an Independent Wealth Management Firm we our able to source the best investment managers for our private clients.

• Investment Performance Monitoring:

A robust reporting system which helps us to track the performance based upon the state of the art and accurate performance measurement techniques.

• Risk Management:

Based upon proprietary quantitative models developed in-house we are able to optimize the return per unit of risk taken by our private clients.