The rapid seven month implementation has provided DM BZ WBK with an integrated, end to end wealth management solution combining relationship management, advisory and portfolio management functionality to help increase client service, retain market leadership, grow revenues and migrate the business from an execution-only to a fee-based business.
The implementation process included configuring the solution to fully support the Polish language. The project also included a comprehensive risk profiling with classification of clients based on their investment profile. This supports investment managers in defining appropriate investment proposals according to client requirements, investment objectives and constraints, allowing their service to customers to be more active and to improve compliance.
Tomasz Kaczmarek, Managing Director, DM BZ WBK Strategy & Development comments: âWealthManager has been fully integrated with our back-office and fund systems to give our advisors a 360Âº view of clients and their portfolios. This allows us to holistically manage our clientâs financial needs and improve our overall service offering by enabling us to launch full advisory wealth management services to our high-net-worth and mass affluent customers.â
Jean-Michel Hilsenkopf, Managing Director, Temenos Private Wealth Management comments: âThe success of this project is a very important step for us.The economic expansion in Poland over the last decade has created a new market of high-net-worth and affluent individuals with greater service expectations, who are looking for a broader range of products, improved information and better returns. This is driving a rapid transition from transaction based business models to managed services with recurring fees. WealthManager provides banks and brokerage houses with a proven platform to support fee-based business models, and the tools to offer quality advisory services based on tailor-made financial planning and the proactive monitoring of client investments.â