WEALTH MANAGEMENT

ObjectWay has developed a solution for the provision of wealth management services by Private Banks that fully meet the most advanced requirements of institutional clients, monitoring compliance with extremely flexible investment rules and restrictions.

The solution consists of two components: ObjectWay Portfolio Manager and OFS Back Office.

OFS eXimius PORTFOLIO MANAGER

OFS eXimius Portfolio Manager assists portfolio managers in decision making and execution tasks by supporting construction of model portfolios, portfolio valuation, risk assessment and performance measurement, portfolio rebalancing, investment rule compliance, order management as well as reporting.

DETAILS

OFS Back Office

OFS Back Office meets all requirements of a middle and back office for securities processing.

DETAILS

 

 

WHO & WHAT

BARCLAYS

Barclays selected the ObjectWay Financial Suite components - ObjectWay Financial Planning, OFS Advice - Portfolio, and ObjectWay Mifid Adequacy & Appropriateness - to support MiFID compliant advisory services for its “affluent”, “top affluent”, and “private clients”. Barclays uses the ObjectWay Financial Suite in its Italian and Spanish subsidiaries for nearly 1,000 branches. The software has been used in Italy since 2008 and will be introduced in Spain at the end of 2009. Nathalie Couveignes, Marketing Director, Barclays France and head of Barclays University for the Global Premier Banking described ObjectWay as a “scientific and holistic” support of Barclays Premiere business model that is fully compliant with MiFID and explained that the platform would soon be introduced in four other European countries.

CREDIT SUISSE

The Wealth Management, Private Banking division of Credit Suisse, serves approximately 700,000 high net worth individuals around the world. Credit Suisse Italy’s Personal Bankers and Relationship Managers provide financial, retirement and insurance advisory services in 29 locations throughout Italy.

Credit Suisse Italy uses the full ObjectWay SMIT2 platform - Front, Middle & Back Office – for all aspects of asset management and administration: order input, straight-through processing trading on domestic or international markets; asset management services for private and institutional clients, SWIFT settlements, securities custody, taxation and reporting.

Credit Suisse uses ObjectWay integrated solutions for CRM and MiFID-compliant advisory services.



BofA MERRIL LYNCH

With 20,000 advisors and 2,500 billion in client assets, Bank of America Merrill Lynch is the world’s largest broker.

The Italian branch of Merrill Lynch Global Wealth Management selected to use the entire ObjectWay SMIT2 software product line in its Private Banking business, adopting the ObjectWay front-office and back-office solutions for investment management of clients' safekeeping accounts and discretionary portfolios.

The solution is an integral part of the Bank’s global infrastructure. Introduction of continuous 24-hour availability eliminated business cut-offs and accelerated data updates, thus increasing the accuracy of portfolio information provided by private bankers to their clients.