The ObjectWay Financial Suite platform optimizes MiFID compliant advisory services. Support for advisory services is provided by three different solutions: OFS Advice - Client Financial Planner, OFS Advice - Portfolio, OFS Advice - Compliance & Suitability.
Even though the three solutions are closely interrelated through the sharing of common data and functions, they can each be used on a stand-alone basis.
OFS Advice - Client Financial Planner consists of MiFID compliant advisory support tools for financial institutions and their clients.
The solution is intended for multichannel advisory services, measurement of the effect of proposed transactions on the riskiness of portfolios, financial planning "by objectives" based on asset allocation.
OFS Advice - Client Financial Planner fulfills a multi-faceted role in support of advisory processes, in particular:
An integral component of the ObjectWay Financial Suite that provides financial institutions with full navigation services, thorough analysis and reporting of the risks and returns of client portfolios.
The solution comprises the following modules:
OFS Advice - Portfolio provides up to date information to advisors (portfolio managers, tied agents, bank consultants, private bankers and relationship managers) and their managers on:
The solution’s prime advantages are its ease of use, the wealth of information supplied, the ability to adapt analyses and customize report formats. The benefit for the end-customer is the ability to obtain extensive information tailored to the client’s investment portfolio.
A tool used by financial institutions to input and manage clients’ data to assure the suitability and appropriateness of transactions that have been requested or recommended.
OFS Advice - Compliance & Suitability Engine meets the needs of financial institutions because it permits:
This module serves as the basis for:
WHO & WHAT
Fineco Bank – UniCredit Group, with a network of 3000 Personal Financial Advisors, 865 thousand customers and 30 billion in assets under management, selected ObjectWay Financial Software to support customer management and advisory services in preparation for MiFID.
The platform includes the Personal Financial Planning, Portfolio, MiFID Adequacy and Appropriateness modules to support its advisory services.
It is a flexible and outstanding solution for the provision, through a single access point, of the functions and data necessary for customized and real-time advisory services.
The UBI Group selected OFS Advice - Portfolio, ObjectWay Financial Advisory and ObjectWay ANT – Distribution Networks to support its network of approximately 1,000 tied agents, advisors, private bankers and brokers.
One of the key advantages for UBI of ObjectWay is the flexibility of the software in handling different types of fee income and expenses for the networks of each bank of the UBI Group: Financial Advisors of UBI Banca Private Investment, Banca Popolare Commercio e Industria brokers and Banca 24x7 brokers and financial services agents.
MONTE DEI PASCHI PROMOZIONE FINANZIARIA
Monte dei Paschi Promozione Finanziaria is a unit of the Monte dei Paschi Group that has a network has more than 1,000 Personal Financial Bankers and financial advisors.
The Consorzio Operativo, which is a Montepaschi Group service company, selected OFS Advice - Portfolio, ANT Distribution Networks and MBO and Incentives software to support the bank’s operations.
Allianz Bank Financial Advisors is the multichannel bank of the Allianz Group in Italy. It operates in the insurance and asset management sector through a network of approximately 3,000 financial advisors and 12 branches, and has assets under management (funds, wealth management, life insurance and custody) of nearly € 20 billion.
Allianz selected ObjectWay ANT for the administrative and commercial management of its sales network. Its Internal Audit Department uses ObjectWay TA WEB to monitor advisory services as recommended by Assoreti, the Italian association of financial advisory firms.