In the past, wealth advisors in financial services had to carry a heavy traditional briefcase and laptop to client meetings, where they provided investment recommendations, market briefings, and product sales. This style of service has several drawbacks:
A distinctive capability that drives high transaction volume for financial institutions
With this capability, an advisor can help a client adjust their product holdings (rebalance), and the resulting adjustments become a pre-trade order. The client then logs into online banking or mobile banking, confirms the contents of the pre-trade order, and the trade is placed.
This kind of service lets advisors fully demonstrate their investment expertise — they prepare a customized rebalancing pre-trade order — while saving clients time on the tedious work that rebalancing usually involves (selecting products, entering subscription or redemption fields, and so on).
Wherever the client happens to be, advisors can use this capability 24/365 to adjust holdings in line with the latest headquarter recommendations and market conditions, keeping the client's holdings in optimal shape at all times.
Wealth advisors at banks and brokerages