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- Wealth Management Platform
- Who it's for
- Multi-advisor wealth firms
Multi-advisor wealth firms
A larger firm has many advisors, a trading desk and a central operations team. Volumes are higher, so exceptions must surface quickly and every action must be traceable. Reviewers, operators and analysts each own a step, and leadership wants to see the pipeline across the firm.
How Wealth Management Platform is set up for you
Advisor ownership
Each instruction names its owner, and each advisor works from their own list.
Trading desk authorization
Trading Operators authorize orders against the client mandate and record fills from custodian evidence.
Exception queue
Failed and needs review receipts, rejected evidence and pending reviews sit in one place for operations.
Firm-wide reporting
Requested amounts by counterparty, order fill status by account and household market value by date.
A larger firm has many advisors, a trading desk and a central operations team. Volumes are higher, so exceptions must surface quickly and every action must be traceable. Reviewers, operators and analysts each own a step, and leadership wants to see the pipeline across the firm.
Start with one team of advisors and one custodian. Route instructions and orders through review and authorization, verify evidence and reconcile month-end snapshots. Review the exception queue daily during the pilot before extending to other teams and custodians.
[Plan the rollout](/wealth-management-platform/implementation), [review the modules](/wealth-management-platform#modules), and [compare the source data](/wealth-management-platform/data-model).
Features to start with
Client Instructions
Raise each client instruction with its amount, instrument and counterparty, and follow it to confirmation.
Independent Review
Record an independent decision to approve, reject or return the exact version of each instruction.
Execution Evidence
Verify the provider's execution evidence against each instruction before it is confirmed.
Roles on the team
- Wealth Advisor
- Raises client instructions and trading orders, keeps the client mandate on file and owns each instruction to confirmation.
- Compliance Reviewer
- Independently reviews each submitted instruction version and records the decision to approve, reject or return it.
- Trading Operator
- Authorizes advisor-reviewed trading orders against the client mandate and records executions from custodian evidence.
- Operations Analyst
- Submits authorized instructions to the provider, verifies execution evidence, approves portfolio reconciliations and resolves operation exceptions.
- Portfolio Accountant
- Loads custodian position snapshots and prepares household portfolio snapshots for reconciliation.
- Admin
- Maintains organizations, counterparties, instruments, trading accounts, team members and access without taking client decisions.
Set up Wealth Management Platform your way.
Start free, then use Proto to change fields, steps and approvals before your team goes live.