The extension of the Relationship Householding function to ProVisor allows brokers to view the combined assets of these households. Brokers can select a combined holdings view or an asset allocation view that includes the complete household. This functionality is not, however, limited to actual households. ProVisor has the flexibility to display the holding and asset allocation views of any account group that the broker has defined. This feature enables brokers to make better investment recommendations by having a comprehensive view of the assets held in a household. By the end of the first quarter, brokers will be able to create the households within ProVisor.
"Today's competitive financial environment forces executives to explore new ways to add value to their product line and enhance customer service," said Marianne Brown, Senior Vice President and General Manager, ADP Brokerage Processing Services. "We have the ability to help our clients achieve both of these objectives by providing a holistic view of customer holdings and thereby improving the investment decisions that are made."
ProVisor is a multi-functional browser-based application that provides access to critical portfolio information, automated online order entry as well as contact management and integrated real-time market data. ProVisor offers financial professionals and other sales personnel a comprehensive desktop that will increase overall productivity in the front office, and through its integration with the ADP BPS securities processing engine, streamline the firm's back- office operations.
ADP's Brokerage Processing Service supports real-time processing of North American equities, options, mutual funds and fixed-income securities. BPS handles everything from order management to clearance and settlement, regulatory reporting and other back office requirements.