Temenos said that WealthManager is a front-office platform designed to achieve client centricity and give financial advisors a holistic approach to wealth management by consolidating portfolio and client data.
The system will allow FHB’s wealth advisors to centralize portfolio information, including managed and external assets across trust, brokerage, banking and insurance onto one platform, giving the advisors a single view of each client’s financial profile.
Temenos claims that WealthManager will enable FHB reduce the current number of systems, boosting operational efficiency and helping to lower overall costs.
FHB has licensed the full WealthManager suite to manage the entire wealth management lifecycle for its high net worth clients including performance measurement, client reporting, monitoring asset allocation, and tracking against the client’s Investment Policy Statement.
WealthManager will help to automate the bank’s front-office processes and deliver comprehensive integration of customer relationship management (CRM) and portfolio management to support better client service delivery.
The platform’s intuitive web user interface and relationship centric approach automatically links all activity with the client record to offer user friendly navigation, Temenos added.
