You can learn from your peers about you can further leverage your current portfolio management solution. By emulating the strategies of successful advisers, you can increase your chances of achieving the business benefits that you have targeted. Of course, one solution will not work for every process or practice, so it is important to first consider whether or not the use of certain functionality makes sense for your business. If you are on the fence on using certain functions of your portfolio management solution, read on and get some help in your decision-making.
Use It to Rebalance
if you are looking for the portfolio management solution functionality that offers the most comprehensive opportunity to receive business benefits, consider using the portfolio management software for rebalancing.
Advisers will most likely report increased productivity, less worry on things not going as planned, have increased capacity to serve more clients, and provide better client service if they use the rebalancing functionality of their portfolio management solution.
Use It to Generate Investment Reports
Advisers are 25% more likely to report an increase in productivity if they use the portfolio management solution to generate investment reports for their clients. Leveraging the investment reporting feature is key for advisers to increase their capacity. Those using software for investment reporting are 40% more likely to report such capacity benefit, while those who use investment reporting with clients are 60% more likely to report this benefit.
If you are looking to improve client service, you might also want to consider using the investment reporting functionality of the clients. Those who do are 23% more likely to report better client service than those who do not use their portfolio management solution for this purpose.
Use It to Focus on the Important Benefit
If there is one benefit that is most important to you, focus on it and take steps to ensure its success. Advisers have a better chance of achieving a benefit if they are focused on the benefit as the most important potential benefit of the portfolio management solution.
Instead of treating this like a self-fulfilling prophecy, spend some time to really think of the benefits that you want to receive from the portfolio management solution and focus on taking action to increase your likelihood of success.