In an increasingly competitive market environment DAB bank has the aim of providing Independent Financial Advisors (IFAâs or 'Mandanten') and their clients with a comprehensive and innovative service offering. By implementing TripleâA DAB bank can now also deliver extensive, in-depth and fully integrated investment management support services, soon ranging from STP order processing through to all aspects of professional portfolio management services including high quality reporting, portfolio modelling, compliance controlling, automatic order routing and performance measurement and analysis.
With TripleâA DAB bank now offers a powerful and completely serviced state-of-the-art portfolio management front-end solution supporting the IFAâs discretionary and advisory asset management activities in a competitive and efficient way. DABâs professional clients can now access TripleâA easily any time, anywhere through a fully secured remote web connection. From customer management and acquisition to professional portfolio management and quick and convenient order execution, DAB bank now offers their B2B customers all the tools they need to be successful in their business from a single source. IFAâs will be relieved of administration duties and can devote more time to advising their customers.
DAB bankâs decision in favour of TripleâA followed an exhaustive requirements analysis process verifying their professional clientsâ interest in taking such a fully serviced investment management platform from the bank. Recently HVB Wealth Management and Bankhaus BethmannMaffei, then still part of the HVB Group have also decided to implement TripleâA.
"Thanks to DAB bank and this project Odyssey is further extending its position in the German wealth management technology market. In partnership with DAB bank we can now address the needs of independent asset managers, advisors and family offices who want to benefit from a fully integrated and serviced TripleâA in record time with very limited implementation efforts", comments Michel Jongen, Odysseyâs General Manager for Western Europe.
DAB bank AG is the biggest Discount Broker in Germany in terms of assets under management and third biggest in terms of number of clients. Serving both (B2C) private clients and (B2B) professional clients, DAB has become the leading IFA partner in Germany working with 60% of the German asset managers. In 2003 DAB bank raised the number of financial intermediaries to 779. These intermediaries directly serve 48,346 of its end costumers. The B2B segment stands for 43% of the total volume of customer assets under management of 11,88 bn. Euro at the end of 2003.
Odyssey Asset Management Systems is an industry leader in the provision of Investment Management solutions and services globally. Odyssey leads the field in wealth management automation in Europe; of the top 20 European banks, 14 are Odyssey customers. More than 125 financial institutions in 21 countries have chosen Odyssey solutions. Odyssey has recently opened a new office in Munich and is committed to a fast growing presence in Germany and Austria.